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Guyana Emerges as the Clear Winner in Venezuela’s Oil Reset
One of the biggest winners from the new oil order in Venezuela is its neighbor to the east, Guyana, the country that turned into the newest oil producer in the world thanks to ExxonMobil’s massive oil discoveries. Since Exxon first found oil in Guyana’s offshore Stabroek block a decade ago, one of the poorest South American countries with fewer than 1 million citizens has turned into an economic powerhouse with double-digit growth since 2019, driven by the oil exports and royalties. Yet, a century-old territorial dispute…