Venezuela’s bellicose rhetoric towards Guyana may have finally reached reality as the nation announces a commitment between Guyana and itself to not use force to settle the dispute over the region called Esequibo, which was recently discovered to have oil reserves just offshore.
Excerpt:
KINGSTOWN, Saint Vincent and the Grenadines, Dec 14 (Reuters) – Guyana and Venezuela on Thursday agreed to avoid any use of force and to not escalate tensions in their long-running dispute over the oil-rich Esequibo area after a meeting between their heads of state in Saint Vincent and the Grenadines.
The 160,000-square-km (62,000-square-mile) region is generally recognized as part of Guyana, but in recent years Venezuela has revived its claim to the territory and to offshore areas after major oil and gas discoveries.