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☆ U.S. reviewing Venezuelan sanctions policy in wake of court decision
▼ + stars: | 2024-01-28 | by ( ) www.cnbc.com time to read: +2 min

It is "an evident and overwhelming victory for the 'Yes' in this consultative referendum," said the president of the National Electoral Council, Elvis Amoroso. "The United States is currently reviewing our Venezuela sanctions policy, based on this development and the recent political targeting of democratic opposition candidates and civil society," State Department spokesman Matthew Miller said in a statement. Miller said the court ruling was a "deeply concerning decision" that ran contrary to the commitments made by Maduro to allow all parties to select candidates. Gerardo Blyde, head of the opposition negotiating team, denied members had been linked to acts of violence and demanded the court ruling be reversed. "We will never hesitate to remain in the talks, to remain in the discussion," said Hector Rodriguez, the ruling party governor for Venezuela's Miranda state.

Persons: Nicolás, Elvis Amoroso, Pedro Rances Mattey, PEDRO RANCES MATTEY, Maria Corina Machado, Machado, Matthew Miller, Nicolas Maduro's, Miller, Maduro, Gerardo Blyde, Hector Rodriguez, Miranda Organizations: Bolivarian, Electoral, Venezuelan, Electoral Council, Getty, U.S . State Department, Venezuela's, Department Locations: Bolivarian Republic of Venezuela, Essequibo, Caracas, Guyana, AFP, U.S, Venezuela, United States

☆ Venezuelans vote to claim sovereignty over a part of oil-rich nation Guyana
▼ + stars: | 2023-12-04 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

Venezuelan electoral authorities on December 3 claimed that 95 percent of voters in a nonbinding referendum approved of the nation's territorial claim on a huge chunk of neighboring oil-rich Guyana. The 61,600 square-mile Essequibo region makes up two-thirds of Guyana, and holds enormous oil reserves off its coast. Venezuela believes that Guyana has no right to grant oil concessions in the maritime areas off the disputed territory. In 1899, an international arbitral tribunal awarded the territory to Britain, when Guyana was still under its colonial rule. Maduro in November accused Guyana, the U.S. and oil firms of robbing Venezuela of its territory through "legal colonialism."

Persons: Nicolás, Elvis Amoroso, Pedro Rances Mattey, PEDRO RANCES MATTEY, Nicolas Maduro's Organizations: Bolivarian, Electoral, Venezuelan, Electoral Council, Getty Images, Voters, Associated Press, ExxonMobil, Court of Locations: Bolivarian Republic of Venezuela, Essequibo, Caracas, Guyana, AFP, Venezuela's, Venezuela, Venezuelan, Britain, U.S

[1/2] Venezuelan journalist Roland Carreno of the opposition party Popular Will is being greeted by family members and colleagues after he was released from prison, in Caracas, Venezuela October 19, 2023. REUTERS/Luis Gonzalo Perez Acquire Licensing RightsCARACAS, Oct 19 (Reuters) - Five people jailed in Venezuela, including well-known opposition figures, have been released, the opposition said around midnight on Thursday, following a deal with the government of President Nicolas Maduro and Washington's demand that certain prisoners be freed. Three U.S. citizens are still wrongfully detained in Venezuela, United States Assistant Secretary of State for Western Hemisphere Affairs Brian A. Nichols said on Thursday. A U.S. State Department official said on Wednesday he expects movement in the near term on releases of wrongfully detained Americans. For years the opposition has urged the government to free over 200 people that human rights organization Foro Penal considers political prisoners.

Persons: Roland Carreno, Luis Gonzalo Perez, Nicolas Maduro, Joe Biden's, Washington, Antony Blinken, Venezuela's, Gerardo Blyde, Juan Gonzalez, Jorge Rodriguez, Will, Juan Requesens, Blyde, Carreno, Maria Corina Machado, Western Hemisphere Affairs Brian A, Nichols, Eyvin Hernandez, Jerrel Kenemore, Joseph Ryan Cristella, Hernandez, Cristella, Requesens, Mayela Armas, Vivian Sequera, Matt Spetalnick, Marianna Parraga, Natalia Siniawski, Julia Symmes Cobb, Inti Landauro, Deborah Kyvrikosaios, Barbara Lewis, Jonathan Oatis, Richard Chang, Rod Nickel Organizations: REUTERS, Rights, Trump, Venezuelan, U.S, First, State Department, Reuters, United States, State, Western Hemisphere Affairs, U.S . State Department, Foro Penal, Maduro, Thomson Locations: Venezuelan, Caracas, Venezuela, Rights CARACAS, Bolivarian Republic, Maduro's, Three U.S, Los Angeles, Texas, Colombia, U.S

☆ World Court says it can rule on Guyana-Venezuela border dispute
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

THE HAGUE, April 6 (Reuters) - Judges at the International Court of Justice (ICJ) on Thursday ruled they had jurisdiction over a long-running border dispute between Guyana and Venezuela, which could determine which country has rights to offshore oil and gas fields. Guyana asked the ICJ, also known as the World Court, in 2018 to confirm that the border was laid down in an 1899 arbitration between Venezuela and the then-colony of British Guiana. The court "by 14 votes to 1, rejects the preliminary objection raised by the Bolivarian Republic of Venezuela," said presiding judge Joan Donoghue, while reading the decision. Venezuela does not want the ICJ to rule and instead insists on a bilateral negotiated solution to determine the course of the land border, which may ultimately determine which country has rights to certain offshore oil and gas fields. Offshore oil discoveries in recent years have given Guyana, which has no history of oil production, the potential to become one of the largest producers in Latin America.

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