Dubai Telegraph - Guyana votes amid oil boom, Venezuela tensions

EUR -
AED 4.234305
AFN 73.206022
ALL 95.812234
AMD 436.184273
ANG 2.063925
AOA 1057.280409
ARS 1587.291241
AUD 1.667055
AWG 2.077953
AZN 1.961064
BAM 1.949927
BBD 2.330401
BDT 141.992303
BGN 1.970794
BHD 0.435312
BIF 3436.663292
BMD 1.152977
BND 1.479051
BOB 7.994884
BRL 6.053341
BSD 1.157025
BTN 108.831715
BWP 15.767643
BYN 3.429201
BYR 22598.351259
BZD 2.327111
CAD 1.595536
CDF 2628.787676
CHF 0.914658
CLF 0.026844
CLP 1059.885276
CNY 7.957269
CNH 7.976186
COP 4267.571808
CRC 537.981872
CUC 1.152977
CUP 30.553893
CVE 109.933392
CZK 24.476208
DJF 206.042059
DKK 7.472157
DOP 69.760177
DZD 153.327594
EGP 60.872574
ERN 17.294657
ETB 180.6651
FJD 2.59218
FKP 0.862237
GBP 0.864946
GEL 3.10733
GGP 0.862237
GHS 12.649842
GIP 0.862237
GMD 84.749724
GNF 10141.496666
GTQ 8.855288
GYD 242.069809
HKD 9.020571
HNL 30.638845
HRK 7.536091
HTG 151.723649
HUF 388.485269
IDR 19502.607732
ILS 3.606368
IMP 0.862237
INR 108.477969
IQD 1515.840693
IRR 1514031.885631
ISK 142.66913
JEP 0.862237
JMD 182.251828
JOD 0.81743
JPY 184.046854
KES 149.766145
KGS 100.827377
KHR 4640.043795
KMF 492.321403
KPW 1037.746034
KRW 1737.415627
KWD 0.354517
KYD 0.9642
KZT 558.260877
LAK 24946.076013
LBP 103458.959416
LKR 363.897058
LRD 212.319549
LSL 19.490063
LTL 3.404441
LVL 0.697425
LYD 7.377873
MAD 10.783173
MDL 20.231237
MGA 4822.515874
MKD 61.638053
MMK 2421.233218
MNT 4132.071286
MOP 9.317276
MRU 46.101338
MUR 53.763579
MVR 17.813319
MWK 2006.373981
MXN 20.570881
MYR 4.605059
MZN 73.671727
NAD 19.489979
NGN 1597.611466
NIO 42.581923
NOK 11.111258
NPR 174.132249
NZD 1.995233
OMR 0.443302
PAB 1.157015
PEN 4.001066
PGK 4.998964
PHP 69.383888
PKR 322.936082
PLN 4.273193
PYG 7528.388952
QAR 4.219572
RON 5.097888
RSD 117.448046
RUB 95.007374
RWF 1689.51831
SAR 4.325551
SBD 9.272285
SCR 16.055447
SDG 692.939845
SEK 10.837521
SGD 1.481118
SHP 0.865031
SLE 28.305819
SLL 24177.365885
SOS 661.211226
SRD 43.052736
STD 23864.298223
STN 24.426531
SVC 10.124548
SYP 128.491078
SZL 19.500432
THB 37.926607
TJS 11.078682
TMT 4.03542
TND 3.395258
TOP 2.776092
TRY 51.153211
TTD 7.867337
TWD 36.827174
TZS 2963.219161
UAH 50.801122
UGX 4281.086328
USD 1.152977
UYU 46.838713
UZS 14111.555625
VES 532.779606
VND 30382.099695
VUV 137.231179
WST 3.170146
XAF 653.989946
XAG 0.017078
XAU 0.00026
XCD 3.115978
XCG 2.085328
XDR 0.813357
XOF 653.995601
XPF 119.331742
YER 275.157775
ZAR 19.696538
ZMK 10378.184071
ZMW 21.665928
ZWL 371.258157
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSC

    -0.1000

    22.81

    -0.44%

  • CMSD

    0.1800

    22.86

    +0.79%

  • RIO

    -1.7000

    85.84

    -1.98%

  • BCC

    0.4450

    75.095

    +0.59%

  • NGG

    -1.5700

    82.72

    -1.9%

  • BCE

    0.0700

    25.56

    +0.27%

  • GSK

    -0.1700

    54.53

    -0.31%

  • RELX

    -0.0750

    32.395

    -0.23%

  • RYCEF

    -0.6000

    15.3

    -3.92%

  • AZN

    -2.5200

    184.62

    -1.36%

  • BTI

    0.0550

    58.505

    +0.09%

  • VOD

    0.0250

    14.745

    +0.17%

  • BP

    0.8400

    46.25

    +1.82%

  • JRI

    0.0400

    12.14

    +0.33%

Guyana votes amid oil boom, Venezuela tensions
Guyana votes amid oil boom, Venezuela tensions / Photo: Joaquin Sarmiento - AFP/File

Guyana votes amid oil boom, Venezuela tensions

Guyana voted Monday in elections to decide who will manage the South American nation's new oil riches, as tensions rose in a territorial dispute with neighbor Venezuela.

Text size:

As some 750,000 eligible voters began casting their ballots for one of six presidential hopefuls, Venezuela said its neighbor was "trying to create a war front."

This came after Georgetown on Sunday publicly accused Venezuela of firing shots on a boat transporting election materials in the oil-rich Essequibo region which both neighbors lay claim to.

Venezuelan Defense Minister Vladimir Padrino Lopez on Monday rejected the claims and said they were intentionally provocative.

For his part, Guyana's President Irfaan Ali said his country "will support anything to eliminate any threat to our security" in response to a question about the deployment of US warships to the Caribbean near the Venezuelan coast.

Guyanese voters, meanwhile, had other issues on their mind in one of Latin America's poorest countries.

According to a 2024 report by the Inter-American Development Bank, 58 percent of Guyanese lived in poverty despite an oil boom that has quadrupled the state budget to $6.7 billion in 2025 since production began in 2019.

"We need 100 percent change in our country. So we are voting for a change," Mary Welchman, a 48-year-old nurse, told AFP at a polling station in the capital Georgetown.

Center-right incumbent Ali is seeking a second five-year term at the helm of the People's Progressive Party/Civic (PPP/C).

He and other candidates have vowed to put more money in the pockets of Guyanese, improve health care and education services and increase wages -- mainly by exploiting the oil reserves of which the country has more than any other per capita.

Guyana, with its breakneck pace of economic growth at 43.6 percent in 2024 -- the highest in Latin America -- aims to boost oil output from 650,000 barrels per day to over a million by 2030.

Most of its crude reserves are in the Essequibo region, which makes up two-thirds of Guyana's territory but is also claimed by Venezuela in a dispute that has intensified since ExxonMobil discovered massive offshore oil deposits a decade ago.

Essequibo has been administered by Guyana for over 100 years.

- 'Three great enemies' -

Three candidates led opinion polls ahead of Monday's vote: Ali, opposition candidate Aubrey Norton of the leftist People's National Congress Reform (PNCR), and multi-millionaire populist Azruddin Mohamed, who founded his own We Invest in the Nation (WIN) party.

Norton was the first to cast his ballot Monday at a school on the outskirts of the capital, proclaiming that "bar any irregularities," he was sure to emerge victorious.

"Guyana has three great enemies. One, Venezuela. Two, the PPP (ruling party). And three, poverty. We will rid this society of all our enemies," added Norton.

Ali, for his part, said he was "very confident about... victory."

Polls opened for 12 hours at 6:00 am (1000 GMT) for a vote fraught with logistical challenges.

Ninety-five percent of the territory of Guyana, an English-speaking country of some 850,000 people, is covered by tropical rainforest.

Voting has traditionally taken place along ethnic lines, with Guyanese of Indian descent supporting the PPP/C and those of African origin backing the PNCR.

Results are expected by Thursday at the latest.

Z.W.Varughese--DT