Exxon Mobil Announces Support for Guyana-Venezuela Border Dispute

Exxon Mobil, the largest oil company in the United States
announced on Tuesday that it will focus on producing oil in Guyana as efficiently
as possible in support of the South American country’s border dispute with Venezuela.

Topic

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Conclusion

in focus

In an interview with CNBC, Exxon Mobil CEO Darren Woods said the company is closely monitoring
the border dispute between Guyana and Venezuela and is working to help the Guyanese government
develop its oil resources responsibly.

Woods stressed that Exxon Mobil is not financially supporting
the Guyanese government in the dispute, but is focused on providing its expertise and technical services in the field of oil production.

Exxon Mobil’s announcement comes as Venezuelans voted on Sunday in a referendum
on whether to reclaim a disputed border region known as Essequibo,
which is currently controlled by Guyana.

The preliminary results of the referendum showed a “landslide victory” for the “yes” side,
as the Venezuelan government is using the issue to stoke nationalist sentiment
among voters ahead of the 2024 presidential election.

Conclusion

Observers see Exxon Mobil’s announcement as a significant step in support of Guyana’s position
in the border dispute with Venezuela.

Woods said Exxon Mobil is committed to supporting Guyana’s sovereignty
and developing its oil resources responsibly.

Exxon Mobil Announces Support for Guyana-Venezuela Border Dispute

Exxon Mobil Announces Support for Guyana-Venezuela Border Dispute

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