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Venezuela raises stakes in dispute with Guyana over oil riches

President Maduro claims mandate to incorporate Essequibo region but imminent war may be a ‘bluff’

Venezuela’s President Nicolás Maduro has dramatically raised the stakes in his country’s border dispute with Guyana, ordering state companies to exploit contested oil and mineral deposits and redrawing official maps after claiming an “overwhelming” mandate in a referendum last Sunday.

Maduro’s bellicose speeches have alarmed Guyana and sparked fears that Venezuela might use force to seize the remote Essequibo area, which accounts for two-thirds of its neighbour’s territory, as well as a big offshore oilfield operated by US oil major ExxonMobil.

Guyana’s President Irfaan Ali late on Tuesday said his country’s defence force was “on high alert” and promised to refer the matter to the UN Security Council. “Venezuela has clearly declared itself an outlaw nation,” he added.

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