Venezuela, Guyana to restore ambassadors amid border dispute

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After a tense meeting, the Presidents of Venezuela and Guyana agreed Sunday to restore ambassadors and hold talks to resolve a long-running border dispute that flared up recently following the discovery of oil in disputed waters. The current border between the South American countries was determined by international arbitration in 1899, but Venezuela has disputed that line for more than a half century and claims about 40 percent of Guyana’s territory that is rich in gold, bauxite, diamonds, and other natural resources. It extended its maritime claims recently after a subsidiary of Exxon Mobil Corp. announced it made a significant oil discovery off Guyana’s coast.
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