04
Mon, May

Guyana Opposes Venezuela's Claim on Oil-Rich Esequibo Region

Offshore Engineer
Guyana has asked judges at the International Court of Justice to rule that Venezuela does not have a legitimate claim on the potentially oil-rich region around the Esequibo river…

Published

© Adobe Stock/Peter Hermes Furian
© Adobe Stock/Peter Hermes Furian

Guyana has asked judges at the International Court of Justice to rule that Venezuela does not have a legitimate claim on the potentially oil-rich region around the Esequibo river, which has been the subject of a dispute between the Latin American neighbours since colonial days.

"Facing a larger and more powerful neighbour's designs on our territory has not only threatened our peace and security, it has held back our development," Guyana's Foreign Minister Hugh Hilton Todd told judges at the start of week-long hearings at the ICJ, also known as the World Court.

At issue is a 160,000-square-km (62,000-square-mile) border territory around the Esequibo river, which is mostly jungle, and an offshore area where massive discoveries of oil and gas have been made.

Todd said Venezuela's "unlawful" claim applies to more than 70% of Guyana's territory.

In 2018, Guyana brought the case to the ICJ - the United Nations' top court - which deals with disputes between states, and asked it to confirm the border laid down in an 1899 arbitration between Venezuela and the then-colony

Content Original Link:

Read full article from Original Source OFFSHORE ENGINEER

" target="_blank">

Read full article from Original Source OFFSHORE ENGINEER

SILVER ADVERTISERS

BRONZE ADVERTISERS

Infomarine banners

Advertise in Maritime Directory

Publishers

Publishers