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Venezuela's President Nicolas Maduro shows his ballot during a referendum over Venezuela's rights to the potentially oil-rich region of Esequiba in Guyana, in Caracas, Venezuela, on Dec. 3, 2023.

REUTERS/Leonardo Fernandez Viloria

Maduro’s weapon of mass distraction

Venezuela held a referendum Sunday on proposed statehood for the oil-rich region of Essequibo, currently governed by neighboring Guyana, with more than 95% reportedly voting to approve the proposed takeover.

At 61,600 square miles, Essequibo comprises two-thirds of Guyana’s territory and is home to 125,000 of its 800,000 citizens. An international arbitral tribunal awarded the area to Britain in 1899 when the latter controlled British Guiana, but Venezuela has never recognized the ruling. Its contestation took on new life after ExxonMobil discovered oil in Essequibo's offshore waters in 2015, leading to a case before the International Court of Justice at the Hague that remains unresolved.

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