Latest Breaking News On - Point barima - Page 1 : comparemela.com
April 28, 2021
Northern South America is heating up, and not just because of the massive oil fields being discovered offshore Guyana since May 2015.
Provocative Moves
On January 7, 2021, Venezuelan president Nicolás Maduro launched a series of saber-rattling measures against neighboring Guyana, most notably issuing Decree No. 4.415, which claimed exclusive rights in the waters and seabed extending 200 nautical miles off the Orinoco Delta. The decree created a strategic zone, the “Territory for the Development of the Atlantic Façade,” that abuts Guyana’s maritime space northwest of the Essequibo River where several oil fields have been discovered including the Atlantic façade of the Orinoco Delta up to 200 nautical miles.
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Saber-rattling and high stakes in Guyana’s geopolitical neighborhood
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On January 7, 2021 one day after insurrectionist rumblings shook Washington, D.C. Venezuelan president Nicolás Maduro engaged in some saber-rattling of his own with the issuing of Decree No. 4.415, which claimed exclusive Venezuelan sovereignty over the waters and seabed off of Guyana’s coast, west of the Essequibo River. Maduro’s decree created a strategic zone called the “Territory for the Development of the Atlantic Façade,” which extends 200 nautical miles from the Orinoco Delta into the Caribbean Sea.
According to President Maduro, the establishment of this zone represents a “part of the battery of legal, diplomatic, political and State actions to defend our sacred rights of 200 years of the Republic.” The decree provides for a single authority to manage all aspects of the “strategic area.” It has a Board of Directors with r
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