LUCRATIVE OIL PROSPECTING TO PROCEED IN SOUTH AMERICA NOW GUYANA/SURINAM BOUNDARY DISPUTE SOLVED

BY RACHEL JONES, in Caracas OFF the coast of Guyana and Surinam, north of Brazil, lie what may be some of the world's largest untapped oil reserves. They have remained unexplored for years, thanks to a maritime border dispute between the two South American countries, the former an ex-British colony, and the latter once run by the Dutch. But a decision by the UN International Tribunal on the Law of the Sea in Hamburg last September means the political and diplomatic obstacles hindering exploration will quickly change. "Guyana looks forward to the prompt and ...


Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.