This is a CBS I in the world. I'm John Bachelor. Venezuela, the giant Venezuela under sanctions except the Biden administration has been lifting sanctions for

some time in reward for good behavior and then I welcome Mary Anastasio

Grady to take us to a part of South America that is remote, but it's a border dispute between

the giant Venezuela and the very small and modest former British colony Kianna.

Mary, a very good evening to you.

Thank you for this.

Where is Esquebo?

What does it represent to Venezuela?

Well, good evening, John.

There's a lot to impact there.

Let's start with Esquebo. There's a lot to impact there. Let's start with

Esikebo. That's about the region itself. It makes up about two-thirds of the

country of Guyana. Guyana is a former British colony now has its independence, speaks English, a member of the sort of community of English speaking Caribbean states, many of them small islands in the Caribbean.

And the Esakeboe is also a place where there's a lot of minerals in the land and the corresponding water, which is not international water, but more close to the shore, is considered belonging to whoever has the Esakebo region.

Now, Venezuela for many years, more than 100 years, has said that the British stole the Acequebo from Venezuela.

And of course Venezuela obviously a formerly Spanish colony but gained its independence much earlier. So when Venezuelans are born, they're sort of nurtured and

marinated in this idea that the Esquebo belongs to Venezuela and that it was stolen from them. And now come to

2024 and actually some years before 2024 there have been huge oil fines off in the deep waters there off the coast of the

Esquebo region.

So Nicholas Myloro looks at this and doesn't have the resources to bring that oil up, but knows that there's kind of a nationalist play there, like he can wave the flag and say, I'm going after what belongs to us and also knows that that oil is

is highly valued and you have a couple of companies that will be recognized by your listeners like ExxonMobil, Hesse, and the Chinese

state-owned oil company that signed contracts with Guyana just last year to explore for oil in that region.

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