Guyana and Venezuela Agree to Peaceful Resolution over Essequibo Dispute

Presidents Maduro and Ali commit to 'good neighborliness' and establish joint commission to address issues relating to the oil-rich region.

Guyana and Venezuela have agreed not to use military force to resolve their dispute over the oil-rich Essequibo region.
Venezuela recently revived its claim to the land following a 2015 discovery of oil off the region's coast.
Venezuelan President Nicolas Maduro and Guyanese President Mohamed Irfaan Ali reaffirmed their commitment to 'good neighborliness' and 'peaceful coexistence.'
The two countries declared that they would 'not threaten or use force against one another in any circumstances, including those consequential to any existing controversies between the two States.'
Maduro and Ali also agreed to establish a joint commission of foreign ministers and officials to address any matters relating to Essequibo, a 61,600 square-mile region that covers most of Guyana.