Despite a long-standing territorial dispute, the situation between Guyana and Venezuela is unlikely to be something that Guyana or investors in Guyana should be concerned about according to Remi Piet.
Piet, who is senior director at Americas Market Intelligence (AMI) was talking about the Guayana Esequiba, a densely-forested frontier region de facto owned by Guyana, but claimed by Venezuela and its predecessors since the 17th century.
The reason why the region is in contention today is due to the oil discoveries by Exxon Mobil (NYSE:XOM), which has major interests in offshore drilling. The discoveries are off the coast of the Esequibo.Investing News Network (INN)
Find out more about investing by INN @ http://investingnews.com/
Remi Piet will be speaking at the upcoming Mines and Money London, taking place 25-27 November at the Business Design Centre.