Chevron CEO Downplays Risk of Venezuelan Military Conflict with Guyana
Chevron Corp. Chief Executive Officer Mike Wirth downplayed the risk of a military conflict between Venezuela and Guyana over a long-running border dispute.
Venezuela-Guyana Border Dispute
The border dispute between Venezuela and Guyana dates back to the 19th century. In 1899, an international tribunal established the boundary between the two countries, but Venezuela has since rejected the ruling. The dispute has intensified in recent years as Guyana has become an oil-producing nation.
In May 2019, Venezuela sent a military vessel to the area, claiming it was part of its territory. The move sparked international condemnation and raised fears of a military conflict.
Chevron’s Involvement
Chevron is the largest oil producer in Guyana and has been operating in the country since the early 2000s. The company has invested billions of dollars in the country and is the largest foreign investor in Guyana’s oil and gas sector.
Mike Wirth’s Comments
In an interview with Bloomberg, Wirth said that he does not believe there is a risk of a military conflict between Venezuela and Guyana. He said that the two countries have been in a dispute for many years and that he does not believe it will escalate to a military conflict.
Wirth also said that Chevron is committed to working with both countries to resolve the dispute. He said that the company is working with the governments of both countries to ensure that the dispute is resolved peacefully and in a way that is beneficial to both countries.
Guyana’s Response
Guyana has welcomed Chevron’s involvement in the dispute. The country’s foreign minister, Carl Greenidge, said that Chevron’s involvement is a positive step towards resolving the dispute. He said that the company’s presence in the region is a sign of its commitment to the region and its commitment to finding a peaceful resolution to the dispute.
International Support
The United Nations, the United States, and other countries have expressed support for Guyana in the dispute. The U.S. has imposed sanctions on Venezuela in response to the country’s actions in the dispute.
Chevron’s Commitment
Wirth said that Chevron is committed to working with both countries to resolve the dispute. He said that the company is working with the governments of both countries to ensure that the dispute is resolved peacefully and in a way that is beneficial to both countries.
Conclusion
Chevron CEO Mike Wirth has downplayed the risk of a military conflict between Venezuela and Guyana over a long-running border dispute. He said that the company is committed to working with both countries to resolve the dispute peacefully and in a way that is beneficial to both countries. The United Nations, the United States, and other countries have expressed support for Guyana in the dispute.