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Crisis With Venezuela Affects Guyanese Companies in Esequibo - teleSUR English

  • On May 31, 2025, Venezuela held a referendum in the disputed Essequibo region, which Guyana claims, to approve annexation of the resource-rich territory.
  • The referendum, seen as a political move by President Nicolás Maduro to strengthen domestic support and claim oil wealth, lacked transparency and has been widely dismissed as illegitimate.
  • The region covers about two-thirds of Guyana’s territory, houses around 100,000 mostly Indigenous inhabitants, and sustains local economies reliant on gold mining, fishing, and retail trade.
  • Venezuela’s electoral council reported over 95% support for annexation, but Guyana upholds International Court of Justice jurisdiction while the US and CARICOM condemn Venezuela’s unilateral actions and warn against military aggression.
  • The ongoing dispute raises risks of escalation amid Venezuela’s 2024 elections and poses economic uncertainty for Guyanese border communities, highlighting the need to prevent politicization and seek peaceful resolution through international law.
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Infobae broke the news in Buenos Aires, Argentina on Thursday, May 29, 2025.
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