Venezuela Says Guyana's Oil-Rich Essequibo is Now Their New State | Vantage with Palki Sharma Venezuela has escalated tensions with Guyana again.
Caracas has unilaterally declared that the disputed region of Essequibo is now a Venezuelan state. Essequibo is an oil-rich region that has been governed by Guyana for the last 200 years. The dispute stretches to before Venezuela and Guyana were independent nations. But it is only now, on the eve of elections, that Venezuela chooses to escalate tensions. Is President Nicolas Maduro doing this for oil, or political gain? Palki Sharma tells you.