Venezuelan President Nicolás Maduro on Tuesday ordered the nation’s state-owned corporations to “instantly” start to discover and exploit the oil, gasoline and mines in Guyana’s Essequibo area, a territory bigger than Greece and wealthy in oil and minerals that Venezuela claims as its personal.
The announcement got here a day a day after Maduro bought the victory he sought in a weekend referendum on whether or not to assert sovereignty over the area.
Maduro stated he would “instantly” proceed “to grant working licenses for the exploration and exploitation of oil, gasoline and mines in your complete space of our Essequibo.” He additionally ordered the creation of native subsidiaries of Venezuelan public corporations, together with oil big PDVSA and mining conglomerate Corporación Venezolana de Guayana.
Maduro’s announcement comes a day after Venezuela’s electoral authorities introduced that the 5 questions with which the federal government needed to assert sovereignty over Essequibo had been authorized in Sunday’s referendum.
Venezuela has lengthy argued that the oil and mineral-rich territory was stolen from them when the border with present-day Guyana was drawn greater than a century in the past.
Guyana has denounced the referendum as pretext to annex the land. It had appealed to the Worldwide Courtroom of Justice, the United Nations’ high courtroom, which on Friday ordered Venezuela to not take any motion to alter the established order till the panel can rule on the 2 nations’ competing claims, which might take years.
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