BUSINESS

Guyana defends oil concession in waters claimed by Venezuela

Staff Writer
Columbus CEO

GEORGETOWN, Guyana (AP) — Guyana's government is rejecting the latest objections raised by neighboring Venezuela over the granting to ExxonMobil Corp. of an oil and gas concession in Caribbean waters claimed by both nations.

Foreign Minister Carolyn Rodrigues-Birkett says in a statement that the project will continue, saying that Guyana has authority over the offshore area in dispute.

Her statement comes a day after an advertisement appeared in Guyana newspapers expressing the unhappiness of Venezuela's government with Exxon starting exploratory drilling in the 26 million-acre tract earlier this month.