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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.

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The World Court will eventually rule but the Venoes will not recognize its decision.  The average Venezuelan actually believes Essequibo is theirs.  I don't see a good ending to this matter.  It was dead until resurrected in 1966 by Burnham, Ramphal, the British and Americans.  They were warned about the dangers of reopening the issue. Well,  Burnham is dead but the others are profiting from the current tension: some selling arms and Ramphal actually representing Guyana at the World Court. 

T

Essequibo, region along the northeastern coast of South America that comprises roughly the western two-thirds of Guyana but is also claimed by Venezuela. Separated from the rest of Guyana by the Essequibo River, Essequibo is bordered to the west by Venezuela, to the south and west by Brazil, and to the north by the Atlantic Ocean. During the Spanish colonial era, the area was part of Venezuela, which laid claim to it after Venezuela gained its independence from Spain in the early 19th century. However, in 1899 international arbitrators from Britain, Russia, and the United States awarded the contested region to what was then the U.K. colony of British Guiana. An agreement in 1966 between Britain, Venezuela, and independent Guyana established a commission to reconsider the border dispute. Venezuela’s ongoing claims to the region intensified after oil was discovered in the Atlantic Ocean off Essequibo in 2015. Area 61,600 square miles (159,500 square km).

https://www.britannica.com/place/Essequibo

Mitwah

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