IBOV 186,299.96 ▼ 0.16% IPSA 11,426.61 ▲ 0.61% IPC MEX 63,536.96 ▲ 0.25% MERVAL 2,998,979 — 0.00% COLCAP 2,580.80 ▲ 0.59% BVL PERÚ 59,529.36 ▲ 1.61% USD/BRL5.11▼ 0.08% USD/MXN17.30▲ 0.44% USD/CLP946.35▼ 0.30% USD/COP3,199▲ 0.72% USD/PEN3.38— 0.00% USD/ARS1,514▼ 0.02% USD/UYU40.06▲ 2.88% USD/PYG5,918▲ 3.14% USD/BOB11.85▲ 25.24% USD/DOP59.17▲ 3.53% USD/CRC445.27▲ 2.84% USD/GTQ7.63▲ 3.24% USD/HNL26.86▲ 3.32% USD/NIO36.62▲ 2.80% USD/VES850.29▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74▲ 2.48% EUR/BRL5.84▼ 0.94% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 186,299.96 ▼ 0.16% IPSA 11,426.61 ▲ 0.61% IPC MEX 63,536.96 ▲ 0.25% MERVAL 2,998,979 — 0.00% COLCAP 2,580.80 ▲ 0.59% BVL PERÚ 59,529.36 ▲ 1.61% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Tuesday, September 22, 2026

The Guyanas North America

Maduro Slams ExxonMobil’s Esequibo Influence

By · September 23, 2023 · 2 min read

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “68 strikes, 223 people. A UN expert says murder.”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

ExxonMobil is partaking in oil extraction in the disputed Esequibo area. Brian Nichols, U.S. Undersecretary, supported Guyana’s right to develop this region.

This support refers to 14 oil blocks up for bid in the disputed zone. ExxonMobil has submitted a bid for these blocks.

Nichols criticized Venezuela’s challenge to Guyana’s claim. He urged Caracas to respect the 1899 arbitration and the ongoing legal proceedings.

Venezuelan President Nicolás Maduro accused the U.S. of meddling in the issue. Maduro claims that ExxonMobil influenced Guyana’s leaders.

Juan Eduardo Romero, a Venezuelan lawmaker, says Guyana is violating the 1976 Geneva Agreement.

According to him, Hugo Chávez, a former Venezuelan President, had tried for a peaceful resolution.

Maduro Slams ExxonMobil's Esequibo Influence.
Maduro Slams ExxonMobil’s Esequibo Influence.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

However, the stance has changed since David Granger took over as Guyana’s president.

Romero asserts that ExxonMobil follows policies that harm Venezuela, supported by the U.S. and the UK.

On September 21, Venezuela called for a referendum to confirm its claim over the Esequibo.

Romero calls this move a peaceful, diplomatic response to the challenges from ExxonMobil and Guyana.

Background Esequibo Conflict

The U.S.’s role in this dispute isn’t new. America has a history of involvement in resource-rich regions.

ExxonMobil’s participation raises questions about the influence of corporations in geopolitical disputes.

Nichols’ statement about supporting Guyana suggests a leaning in U.S. foreign policy. This move has reignited tensions between Venezuela and the U.S.

Maduro’s response is in line with his rhetoric about U.S. interference.

The referendum Venezuela has called for can be seen as an attempt to assert national sovereignty.

Romero’s claims add another layer of complexity to the issue. The Geneva Agreement is pivotal, but often ignored in discussions.

Given David Granger’s education there, it’s important to consider the UK’s role. Granger’s governance has been under scrutiny for a perceived shift in policy.

ExxonMobil’s involvement highlights the role corporations can play in escalating disputes. The U.S. and the UK backing ExxonMobil brings in an international dimension.

The Esequibo dispute has implications for both countries’ economies and their international relations.

Romero’s views suggest that the situation is not just a bilateral dispute, but part of larger global politics.

The issue is multifaceted, involving multiple countries and international corporations.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.