The Fort Worth Press - Rubio offers US security for oil-rich Guyana as Venezuela looms

USD -
AED 3.673075
AFN 70.874048
ALL 87.504313
AMD 382.662988
ANG 1.790208
AOA 917.999874
ARS 1076.412304
AUD 1.613333
AWG 1.8025
AZN 1.735859
BAM 1.730222
BBD 1.979349
BDT 119.093221
BGN 1.72826
BHD 0.376859
BIF 2913.826432
BMD 1
BND 1.309877
BOB 6.771506
BRL 5.887008
BSD 0.98034
BTN 84.38307
BWP 13.826695
BYN 3.20808
BYR 19600
BZD 1.969113
CAD 1.397995
CDF 2876.999575
CHF 0.824115
CLF 0.025783
CLP 989.390009
CNY 7.3145
CNH 7.331885
COP 4370.75
CRC 504.02325
CUC 1
CUP 26.5
CVE 97.514924
CZK 22.271903
DJF 174.390827
DKK 6.63233
DOP 60.70043
DZD 132.747419
EGP 51.330602
ERN 15
ETB 129.275688
EUR 0.888215
FJD 2.294699
FKP 0.783049
GBP 0.769915
GEL 2.760244
GGP 0.783049
GHS 15.187265
GIP 0.783049
GMD 72.000236
GNF 8485.02006
GTQ 7.559517
GYD 205.050179
HKD 7.756565
HNL 25.397823
HRK 6.678203
HTG 128.02534
HUF 361.863988
IDR 16809.9
ILS 3.736403
IMP 0.783049
INR 86.157804
IQD 1284.049791
IRR 42112.503248
ISK 128.890152
JEP 0.783049
JMD 155.094385
JOD 0.708904
JPY 143.949026
KES 129.697463
KGS 87.449707
KHR 3925.593329
KMF 444.501709
KPW 900.013215
KRW 1450.05984
KWD 0.306976
KYD 0.816856
KZT 505.763905
LAK 21236.009732
LBP 87833.911382
LKR 291.18096
LRD 195.976811
LSL 19.045247
LTL 2.95274
LVL 0.60489
LYD 5.447612
MAD 9.277034
MDL 17.414885
MGA 4454.904598
MKD 54.654783
MMK 2099.267437
MNT 3510.035407
MOP 7.835499
MRU 38.780683
MUR 44.500423
MVR 15.40088
MWK 1698.448482
MXN 20.470385
MYR 4.438015
MZN 63.910009
NAD 19.044068
NGN 1590.24987
NIO 36.069272
NOK 10.769245
NPR 135.067084
NZD 1.734805
OMR 0.384954
PAB 0.979976
PEN 3.642773
PGK 3.990958
PHP 57.064497
PKR 274.973678
PLN 3.798325
PYG 7851.568721
QAR 3.571757
RON 4.421301
RSD 104.078971
RUB 83.504493
RWF 1411.572294
SAR 3.754294
SBD 8.354365
SCR 14.328411
SDG 600.499594
SEK 9.817435
SGD 1.32857
SHP 0.785843
SLE 22.780225
SLL 20969.501083
SOS 560.247387
SRD 36.939787
STD 20697.981008
SVC 8.577293
SYP 13002.318778
SZL 19.034895
THB 33.689042
TJS 10.64815
TMT 3.5
TND 2.986399
TOP 2.342099
TRY 38.060765
TTD 6.655755
TWD 32.734023
TZS 2669.999984
UAH 40.618997
UGX 3610.877736
UYU 42.089158
UZS 12716.809031
VES 77.11805
VND 25710
VUV 126.180859
WST 2.884176
XAF 579.902754
XAG 0.03195
XAU 0.000313
XCD 2.70255
XDR 0.721784
XOF 580.379926
XPF 105.505277
YER 245.297909
ZAR 19.438899
ZMK 9001.194926
ZMW 27.639752
ZWL 321.999592
  • RYCEF

    0.1400

    9

    +1.56%

  • RBGPF

    62.0100

    62.01

    +100%

  • GSK

    -0.8800

    33.6

    -2.62%

  • CMSC

    -0.4500

    22.15

    -2.03%

  • NGG

    0.3800

    65.59

    +0.58%

  • CMSD

    -0.5500

    22.2

    -2.48%

  • SCS

    -0.4000

    10.21

    -3.92%

  • RIO

    -0.7400

    54.87

    -1.35%

  • RELX

    0.4800

    49.02

    +0.98%

  • BTI

    0.3400

    40.55

    +0.84%

  • VOD

    -0.1300

    8.45

    -1.54%

  • BCE

    -0.0200

    20.98

    -0.1%

  • JRI

    -0.2250

    11.765

    -1.91%

  • BCC

    -3.7600

    94.68

    -3.97%

  • BP

    -1.6700

    26.23

    -6.37%

  • AZN

    -1.8900

    64.87

    -2.91%

Rubio offers US security for oil-rich Guyana as Venezuela looms
Rubio offers US security for oil-rich Guyana as Venezuela looms / Photo: © POOL/AFP

Rubio offers US security for oil-rich Guyana as Venezuela looms

Secretary of State Marco Rubio heads Thursday to Guyana to offer to put the newly oil-rich nation under the US security umbrella as neighboring Venezuela asserts claims.

Text size:

A decade after the discovery of vast reserves, the small South American nation is poised this year to become the world's largest producer of oil on a per capita basis, outpacing Qatar and Kuwait.

With tensions on the rise between Guyana and US nemesis Venezuela, Rubio will sign a memorandum of understanding that outlines security cooperation, according to the State Department.

Rubio, who is flying to Guyana after talks with Caribbean nations in Jamaica, will also stop later Thursday in Guyana's neighbor Suriname, whose own oil production is on the rise.

President Donald Trump's administration said it envisioned a relationship with Guyana akin to those with oil-rich Gulf Arab nations, which welcome US troops for their security, particularly against larger neighbor Iran.

"The security of Guyana is a key priority for us in the same way that we have been working with countries in the Gulf states to ensure the security cooperation from the regional threats there," said Mauricio Claver-Carone, the US special envoy on Latin America.

"We've seen the threats from Venezuela," he told reporters ahead of the trip.

"Obviously, that's unacceptable and we want to work together," he said, to "find an agreement towards binding security cooperation."

Guyana, an English-speaking former British and Dutch colony where the majority of the 800,000 people still live in poverty, has for years had a long-shot movement that has sought to join the United States.

Such formal accession is not expected to be discussed, but Trump has made no secrets of his passion for expansionism in the hemisphere, even at the expense of traditional alliances.

Trump has vowed to take control of Greenland from Denmark, with Vice President JD Vance paying a visit Friday criticized by NATO ally Denmark, and has insisted that the United States will "take back" the Panama Canal.

- Rising oil, rising tensions -

Guyanese President Irfaan Ali, who faces reelection this year, has embraced closer defense cooperation with the United States, including through joint maritime patrols.

Venezuela, whose leftist leader Nicolas Maduro is despised by the Cuban-American Rubio, has laid claim to Guyana's Essequibo, which covers most of the country and is the center of oil production.

Guyana earlier in March denounced what it called a Venezuelan military vessel's incursion into its waters.

Venezuela denied any violation and requested a meeting with Ali, who dismissed the offer.

The parliament in Caracas last year approved a bill to declare Essequibo as Venezuela's 24th state, a move rejected internationally.

Guyana insists the border was finalized by an 1899 arbitration panel, but Venezuela claims the Essequibo River to the region's east as a natural border recognized as far back as 1777.

The Trump administration has put a high priority on ramping up oil production, seeing both economic and security incentives, and has brushed aside the push by previous president Joe Biden to diversify to renewables to address the planet's fast-rising temperatures and climate disasters.

Texas-based ExxonMobil has taken the lead in oil production in Guyana which has rapidly scaled up over the past five years.

ExxonMobil anticipates gross production from Guyana of 1.3 million barrels a day by the end of the decade, dwarfing current output from Venezuela, whose industry has slumped since the 1990s after mismanagement and US sanctions.

The Trump administration, under pressure from anti-communist Latino lawmakers, has canceled US oil major Chevron's exemption from US sanctions to operate in Venezuela.

S.Jordan--TFWP

Advertisement Image