| Guyana vows to resist Venezuela offshore territory claim | |
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GEORGETOWN, Guyana (AP) -- A potentially rich oil discovery off the northern coast of South America has rekindled a border dispute between Guyana and its much larger neighbor Venezuela.
Guyana's Ministry of Foreign Affairs accused Venezuela on Monday of posing a "threat to regional peace and security" with a recent decree extending its territorial claims farther out into the Atlantic Ocean.
The decree is a "flagrant violation of international law and is inconsistent with the principle that all states should respect the sovereignty and territorial integrity of other states," the ministry said in a statement Monday.
Guyana said any attempt by Venezuela to enforce its claims will be "vigorously resisted" and brought to the attention of the international community.
Venezuela has long claimed about two-thirds of Guyana west of the Essequibo River. Last month, the government of President Nicolas Maduro announced it was expanding its "integral maritime zone" farther out into the Atlantic Ocean in waters claimed by Guyana, clearly encompassing an area where Exxon Mobil Corp. reported that it had made a significant oil discovery.
The decree came a week after Exxon Mobil Corp., exploring under an agreement with Guyana, announced the discovery about 120 miles (about 193 kilometers) off the country's coast and was working to determine the commercial viability of the find.
In October 2013, the Venezuelan navy detained an oil research vessel operating under contract for U.S.-based Anadarko Petroleum Corp. because it claimed it was conducting exploration in its waters without authorization. Guyana had said the vessel was operating in its territory.
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Anadarko
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CODE : APC |
ISIN : US0325111070 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Anadarko is a exploration company based in Canada. Anadarko is listed in Germany and in United States of America. Its market capitalisation is US$ 38.6 billions as of today (€ 34.5 billions). Its stock quote reached its lowest recent point on May 12, 1995 at US$ 10.00, and its highest recent level on May 23, 2014 at US$ 99.93. Anadarko has 531 000 000 shares outstanding. |