News

Guyana Says Oil Producers Are Moving Ahead Despite Venezuela's Threats - Bloomberg

Bloomberg · last updated

Guyana Says Oil Producers Move Ahead Despite Venezuela’s Threats - Bloomberg

Guyana Says Oil Producers Are Moving Ahead Despite Venezuela’s Threats

- Venezuela warned Exxon Mobil, others to leave disputed seas
- Maduro revives old border claim, putting Brazil on high alert

Oil majors operating in Guyana’s waters are “moving ahead aggressively” with production plans despite Venezuela’s threats to take over the region in an escalating border conflict, according to President Irfaan Ali.

Speaking from Georgetown, Ali said Guyana’s troops are prepared to defend the nation’s territory after Venezuela’s Nicolas Maduro revived a long-dormant dispute over the Essequibo, a swath roughly the size of Florida where major oil discoveries have been made in recent years. Companies operating there were not intimidated by orders from the Venezuelan leader to leave the region, he added.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

Up Next

Guyana Says Oil Producers Are Moving Ahead Despite Venezuela’s Threats

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up