Venezuela Stirs Nationalism in Dispute Over Oil-Rich Territory - Bloomberg
Venezuela Stirs Nationalism in Dispute Over Oil-Rich Territory - Bloomberg
Venezuela Stirs Nationalism in Dispute Over Oil-Rich Territory
- Maduro holds referendum on territory controlled by Guyana
- Guyana’s offshore crude gave it world’s top-growing economy
Source: Bloomberg
For decades, Venezuelan schoolchildren have been taught to draw a map of their country different from the one in use elsewhere: theirs includes a disputed region roughly the size of Florida which is controlled by neighboring Guyana.
Following massive offshore oil discoveries in the region by Exxon Mobil Corp. and others, and with elections approaching, Venezuelan President Nicolás Maduro is inflaming regional tension by reviving a long-dormant border dispute over the area known as the Essequibo.
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Venezuela Stirs Nationalism in Dispute Over Oil-Rich Territory
Related Knowledge Center: ENERGY BASICS: petroleum
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