The United Nations Security Council is set to convene a closed-door session on Friday to address the escalating tensions between Venezuela and neighboring Guyana, fueled by Venezuela’s renewed claims over a significant portion of Guyana’s territory. The dispute, rooted in historical disagreements dating back over a century, has taken a concerning turn as Venezuela, led by President Nicolas Maduro, intensifies its pursuit of annexation.
Venezuela’s recent actions include staging a controversial referendum, allegedly demonstrating widespread support for the annexation of the western two-thirds of Guyana. The proposed state, Guyana Essequibo, has raised alarms internationally. Reports indicate troop movements near the border, prompting the United States to issue warnings urging a diplomatic resolution to the crisis.
The historical backdrop of disputed treaties adds complexity to the situation, as both nations grapple for control over the contested region. Notably, the tension coincides with Guyana’s emergence as a significant player in oil development. Exxon Mobil Corp.’s series of oil discoveries in Guyana since 2015 have positioned the nation as a focal point for energy exploration.
President Maduro’s recent directive instructing Venezuelan entities to issue exploration licenses for the coveted region has heightened concerns about the potential for further escalation. The geopolitical ramifications of the Venezuela-Guyana conflict underscore the volatile nature of disputes over oil-rich territories and the need for a diplomatic resolution.
