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Free AccessVenezuela and Guyana Disagree on Meeting Goals: Argus
The presidents of Guyana and Venezuela have expressed differing views of the aim of their meeting in St Vincent and the Grenadines later today, ArgusMedia reports.
- President Maduro said in a letter to the host’s PM that he welcomed the meeting with his Guyanan counterpart “"...with the hope that it becomes at a starting point towards the return of direct negotiations."
- However, Guyana’s president Irfaan Ali issued a sharp rebuttal, insisting that the meeting is for de-escalation and that the territorial dispute of the Essequibo region is to be resolved via the ongoing case with the UN's International Court of Justice (ICJ).
- Venezuela has repeatedly rejected the ICJ’s sovereignty over the case and voted to annex the territory in a referendum.
- Guyana is one of the fastest-growing oil producers and the Essequibo region is home to some of its most promising fields, such as the 8 billion boe Stabroek bloc.
- Venezuela recently gave oil producers in Guyana 90 days to cease operations in the disputed Essequibo region.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.