Saturday, March 14, 2015

Guyana Defends Oil Concession in Waters Claimed by Venezuela

Guyana's government on Saturday rejected the latest objections raised by neighboring Venezuela over the granting to ExxonMobil Corp. of an oil and gas concession in Caribbean waters claimed by both nations. Foreign Minister Carolyn Rodrigues-Birkett said in a statement that the project would continue, saying that Guyana has authority over the offshore area in dispute. Rodriguez-Birkett released the statement a day after an advertisement appeared in Guyana newspapers expressing the unhappiness of Venezuela's government with Exxon starting exploratory drilling in the 26 million-acre tract earlier this month.

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