Rosa & Roubini Associates Copyright 2017 – 2023

POLICY COMPASS

Annexation Motivated by Oil?
Essequibo: Venezuela vis-a-vis Guyana (and its international allies)

by Marina Tovar i Velasco

3 January 2024

In this paper we discuss:

The recent non-binding referendum on Essequibo's annexation launched by Venezuelan President Maduro;
Maduro’s plans to explore Essequibo's resources, heightening tensions with Guyana and its supporters, like the United States;
The bilateral meeting between Irfaan Ali, President of Guyana, and Maduro, moderated by the CELAC;
Why the invasion of the Essequibo remains an unlikely scenario, due to the increased risk of sanctions to Venezuela from the US;