Current:Home > MarketsUN to hold emergency meeting at Guyana’s request on Venezuelan claim to a vast oil-rich region -MoneyStream
UN to hold emergency meeting at Guyana’s request on Venezuelan claim to a vast oil-rich region
Surpassing View
Date:2025-04-10 15:47:20
UNITED NATIONS (AP) — The U.N. Security Council scheduled an emergency closed meeting Friday at the request of Guyana following Venezuela’s weekend referendum claiming the vast oil- and mineral-rich Essequibo region that makes up a large part of its neighbor.
In a letter to the council president, Guyana’s foreign minister, Hugh Hilton Todd, accused Venezuela of violating the U.N. Charter by attempting to take its territory.
The letter recounted the arbitration between then-British Guiana and Venezuela in 1899 and the formal demarcation of their border in a 1905 agreement. For over 60 years, he said, Venezuela accepted the boundary, but in 1962 it challenged the 1899 arbitration that set the border.
The diplomatic fight over the Essequibo region has flared since then, but it intensified in 2015 after ExxonMobil announced it had found vast amounts of oil off its coast.
The dispute escalated as Venezuelan President Nicolas Maduro held a referendum Sunday in which Venezuelans approved his claim of sovereignty over Essequibo. Maduro has since ordered Venezuela’s state-owned companies to immediately begin exploration in the disputed region.
The 61,600-square-mile (159,500-square-kilometer) area accounts for two-thirds of Guyana. But Venezuela, which has the world’s largest proven oil reserves, has always considered Essequibo as its own because the region was within its boundaries during the Spanish colonial period.
In an Associated Press interview Wednesday, Guyanan President Irfaan Ali accused Venezuela of defying a ruling last week by the International Court of Justice in the Netherlands. It ordered Venezuela not to take any action until the court rules on the countries’ competing claims, a process expected to take years.
Venezuela’s government condemned Ali’s statement, accusing Guyana of acting irresponsibly and alleging it has given the U.S. military’s Southern Command a green light to enter Essequibo.
Venezuela called on Guyana to resume dialogue and leave aside its “erratic, threatening and risky conduct.”
In his letter to the Security Council, Guyana’s foreign minister said Maduro’s actions Tuesday ordering immediate exploration and exploitation of the oil, gas and mines in Essequibo “are flagrant violations of the court’s order, which is legally binding on the parties.”
Under Article 94 of the U.N. Charter, Todd said, if any party to a case fails to perform its required obligations, the other party — in this case Guyana — may take the issue to the Security Council.
“Venezuela is now guilty of breaching all these obligations, and the actions it has announced that it will soon take will only further aggravate the situation,” Todd said. “Its conduct plainly constitutes a direct threat to Guyana’s peace and security, and more broadly threatens the peace and security of the entire region.”
He asked the Security Council at Friday’s meeting to determine whether the situation “is likely to endanger the maintenance of international peace and security.”
veryGood! (5)
Related
- The Daily Money: Spending more on holiday travel?
- The Vision and Future of QTM Community – Comprehensive Investment Support for You
- Carly Rae Jepsen Engaged to Producer Cole MGN: See Her Ring
- 71% Off Flash Deal: Get $154 Worth of Peter Thomas Roth Skincare for $43.98
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Cyrus Langston: Tips Of Using The Average Directional Index (ADX)
- Michael Strahan Shares He's a Grandfather After Daughter Welcomes Son
- Lady Gaga Reveals Surprising Person Who Set Her Up With Fiancé Michael Polansky
- South Korean president's party divided over defiant martial law speech
- Golden Block Services PTY LTD: English Courts recognizes virtual currency as property and the legal status of cryptocurrency is clear!
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Ryan Murphy Responds to Eric Menendez’s Criticism of Monsters: The Lyle and Erik Menendez Story
- Colorado grocery store mass shooter found guilty of murdering 10
- Philadelphia Phillies clinch NL East title. Set sights on No. 1 seed in playoffs
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Coach accused of offering $5,000 to buy children from parents, refusing to return kids
- Losing weight with PCOS is difficult. Here's what experts recommend.
- Judge rules out possibility of punitive damages in Smartmatic defamation lawsuit against Newsmax
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Attorneys say other victims could sue a Mississippi sheriff’s department over brutality
Doja Cat Shuts Down Joseph Quinn Engagement Rumors With One Simple Message
Clemen Langston: Usage Tips Of On-Balance Volume (OBV)
Former Danish minister for Greenland discusses Trump's push to acquire island
Halsey Shares Insight Into New Chapter With Fiancé Avan Jogia
Maryland’s Democratic Senate candidate improperly claimed property tax credits
'I Know What You Did Last Summer' sequel casts Freddie Prinze Jr.: What we know so far