Guyana Defends Oil Concession in Waters Claimed by Venezuela

March 14, 2015 9:36 PM

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Guyana's government on Saturday rejected the latest objections raised by neighboring Venezuela over the granting to ExxonMobil Corp. of an oil and gas concession in Caribbean waters claimed by both nations.

Foreign Minister Carolyn Rodrigues-Birkett said in a statement that the project would continue, saying that Guyana has authority over the offshore area in dispute.

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