Venezuela demands Guyana halt 'imperial' oil exploration

Reuters

Published Jun 09, 2015 01:51PM ET

Venezuela demands Guyana halt 'imperial' oil exploration

CARACAS (Reuters) - Venezuela on Tuesday demanded that neighboring Guyana halt oil exploration being carried out by Exxon Mobil Corp (NYSE:XOM) in disputed offshore territory in an escalation of a long-running border dispute between the two South American nations.

Exxon last month said it found oil off Guyana's coast, spurring complaints from Caracas that Guyana is unfairly exploiting a disputed territory that must be negotiated through a mechanism created via a 1966 treaty signed in Geneva.

"Until there is a resolution of the issue of territorial reclamation ... there can be no unilateral use of these waters," Foreign Minister Delcy Rodriguez said in televised comments.

"The new government of Guyana shows a dangerous political provocation against a peaceful Venezuela, supported by the imperial power of an American transnational, Exxon Mobil," she said, referring to Guyanese authorities elected in May.

Exxon has said it has no comment on the bilateral dispute.

The sparsely populated and dense jungle area known as the Essequibo encompasses an area equivalent to around two-thirds of Guyanese territory. It functions in practice as part of Guyana and shows no discernable trace of Venezuelan influence.

Guyana says Caracas agreed to relinquish the Essequibo following a ruling by an international tribunal in 1899, but that Venezuela later backtracked on that decision.