Venezuela voices outrage over new oil lease off Guyana


FILE PHOTO: A government supporter holds a sign that reads: “The Essequibo is ours, vote YES 5 times” while participating in an event to collect signatures in support of a referendum over Venezuela's rights to the potentially oil-rich region of Esequiba in Guyana, in Caracas, Venezuela November 15, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo

Caracas: Venezuela has said it “strongly” rejects a new oil concession Guyana has granted to US giant ExxonMobil in waters disputed by the two South American neighbours.

ExxonMobil announced last Friday that it received the green light from Guyana for exploitation in the Stabroek block, an offshore area with huge deposits.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit closes higher amid US-EU tariff concerns, easing Japanese government bonds
Shin Yang secures RM117.7mil vessel deal
UOA REIT reports threefold profit increase in 4Q25
Perak Transit appoints Ismail Jamal as general manager
Pantech cautiously positive on outlook
AmBank Group provides RM103.8mil financing for Kedah solar project
Malaysia Aviation Group names Bryan Foong airline business CEO, Low Wen Long strategy chief
FBM KLCI rebounds to reclaim 1,700 level
Oil prices fall as risks from Kazakh production halt subside
Gold zooms past US$4,800 for the first time as Greenland tensions simmer

Others Also Read