We are talking about the annexation of an oil-rich region to Venezuela.
President of Venezuela Nicolas Maduro signed six decrees annexing the Esequibo region of Guyana.
Ultimas Noticias writes about this.
It is noted that Maduro has created a national high commission in defense of Essequibo, an integrated defense zone with three integrated development zones. He has also already managed to form a division of PDVSA, the state oil and gas company of Venezuela, in Esequibo.
In addition, Maduro appointed the head of the annexed region, Captain Alexis Rodriguez Cabello.
“I ask for the support of the people and the Bolivarian National Armed Forces to move peacefully towards a great goal, so that our Venezuela remains with a full map, and our Venezuela moves peacefully, continues its path of glory, of unity,” he said.
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The Esequibo region has been the subject of territorial disputes for more than two centuries. In a referendum held in Venezuela on December 3, 95% of participants approved territorial claims to most of the neighboring oil-rich country of Guyana.
Caracas says the region moved away from Venezuela after the country gained independence from Spain in the early 1800s. The Guyanese authorities respond to this by recalling that the territory of Guyana-Esequibo was part of British Guiana, which later became independent Guyana.
The conflict erupted with renewed vigor in 2015 after one of the largest oil companies in the world, the American ExxonMobil, discovered a large oil field in Guyana-Esequibo.
The dispute between Caracas and Guyana escalated again in September this year after Guyana held an auction giving major international oil companies the right to compete for an exploration license in Esequibo waters.
Guyana's prosperity is largely dependent on oil production and exports, which is why the country's economy has shown one of the fastest growth rates in the world in recent years.
In turn, Venezuela, which also relies mainly on oil exports (it has the most proven oil reserves in the world), is experiencing a protracted economic crisis. It is being tightened by American sanctions imposed after the elections in 2018, when Nicolas Maduro, according to the West, won the presidential election through rigging the results.
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