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April 16, 2023
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Guyana suspended bidding for oil wells in the Essequibo, according to political leader

Alejandro Terán Martínez, leader of Nuvipa, introduced a document in the ICJ to request that the tenders in the waters of the Essequibo be suspended. In his opinion, that document took effect because, apparently, Guyana put the process on “suspension”.


The political leader of the Nuvipa party Alejandro Terán Martinez assured the newspaper Last News that the Guyana government agreed to a measure, presumably, that puts the tender to exploit the 14 oil deposits found on the coasts off the Essequibo on “suspension”; territory that has been in dispute with Venezuela for more than 100 years.

Martínez bases his conclusions on a statement from the Guyana Ministry of Natural Resources in this regard, stating that the “diligence” carried out before the International Court of Justice (ICJ) “has paid off” due to a document that he filed to request the instance in The Hague to stop this.

Last 6 of Aprilthe ICJ issued a ruling against the preliminary considerations of Venezuela and admitted Guyana’s complaint to go to trial for the Essequibo territory with 14 votes against one.

*Read also: Venezuela has less chances of staying with the Essequibo due to its poor preparation

After this decision, informed by the judge in charge of the case and also president of the Court, Joan E. Donoghue, progress will also be made with the analysis of the lawsuit filed by Guyana against Venezuela to resolve the dispute over the validity or otherwise of the Arbitral Award. of 1899, with which said territorial jurisdiction was awarded to the United Kingdom.

Subsequently, the vice president delcy rodriguezin addition to “celebrating the incidental sentence” of the ICJ, denounced that currently three companies are illegally exploiting the Essequibo territory for concessions from the Republic of Guyana and affirmed that this is done “to enrich the large oil transnationals, which They are the ones that have financed the Guyanese lawyers in the case before the International Court of Justice”.

In Martínez’s opinion, the fact that the document has been accepted makes clear the “validity” of the 1966 Geneva Agreement as the only mechanism to solve the dispute over the Essequibo.

“If the ICJ said that there are possibilities of going through the courts to resolve this conflict, it is logical that Guyana does not continue to see the Essequibo as their territory, nor offer the energy resources that are there, because that belongs to Venezuela and This is how it is proven in documents, ”said Terán Martínez.

*Read also: AN-2015 repudiates mistaken policies of Chávez and Maduro in the fight for Essequibo

A note published by the portal Oil Now indicates that Guyana’s Ministry of Natural Resources is still accepting comments to prepare the draft of the Production Sharing Agreements (PSA) model, which is intended to be applied to tenders.

The Guyanese government has set a new deadline of mid-July for the submission of offers for the 14 offshore blocks, giving the government more time to update applicable legislation. In addition, to support the bidding round, they will review their Oil Law to regularize the process and other tariff measures.

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