TNPSC Thervupettagam

Essequibo region

December 11 , 2023 350 days 492 0
  • Venezuelan plans to take over Essequibo, the oil-rich region controlled by neighbouring Guyana.
  • More than 95% of Venezuelan voters approved a referendum claiming rights over Essequibo.
  • Essequibo has been under the authority of Guyana - and before its British Guiana - for more than a century, but Venezuela has long sought to control it.
  • Venezuela claims that the Essequibo River to the region’s east forms a natural border.
  • The region also has the world’s biggest reserves of crude oil per capita.
  • The estimated reserves are at least 10 billion barrels – more than Kuwait or the United Arab Emirates.

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