The Prague Post - Guyana votes amid oil boom, Venezuela tensions

EUR -
AED 4.282402
AFN 77.737112
ALL 96.638842
AMD 448.941074
ANG 2.087247
AOA 1069.287525
ARS 1696.372661
AUD 1.794329
AWG 2.101844
AZN 1.986214
BAM 1.955979
BBD 2.354715
BDT 142.393028
BGN 1.955979
BHD 0.44074
BIF 3445.815264
BMD 1.166072
BND 1.513638
BOB 8.078739
BRL 6.309569
BSD 1.169107
BTN 102.906415
BWP 15.666433
BYN 3.982664
BYR 22855.005044
BZD 2.351315
CAD 1.634332
CDF 2571.188292
CHF 0.925109
CLF 0.028569
CLP 1120.770223
CNY 8.310652
CNH 8.309876
COP 4497.200332
CRC 586.853692
CUC 1.166072
CUP 30.9009
CVE 110.275089
CZK 24.302082
DJF 208.189048
DKK 7.468059
DOP 73.936765
DZD 150.863803
EGP 55.423971
ERN 17.491075
ETB 173.764298
FJD 2.651472
FKP 0.867166
GBP 0.868508
GEL 3.14678
GGP 0.867166
GHS 12.538147
GIP 0.867166
GMD 83.957219
GNF 10144.928177
GTQ 8.954819
GYD 244.552375
HKD 9.057788
HNL 30.704809
HRK 7.535267
HTG 153.324028
HUF 389.388689
IDR 19325.306051
ILS 3.854456
IMP 0.867166
INR 102.618564
IQD 1531.540123
IRR 49047.891909
ISK 141.829368
JEP 0.867166
JMD 187.88719
JOD 0.826728
JPY 176.033726
KES 150.995275
KGS 101.973076
KHR 4705.430508
KMF 492.662132
KPW 1049.464813
KRW 1657.58244
KWD 0.35662
KYD 0.974289
KZT 628.927542
LAK 25369.321084
LBP 104692.378489
LKR 353.962385
LRD 213.939574
LSL 20.386765
LTL 3.443106
LVL 0.705345
LYD 6.345581
MAD 10.690878
MDL 19.716804
MGA 5200.475801
MKD 61.625638
MMK 2448.318311
MNT 4193.585485
MOP 9.352856
MRU 46.754278
MUR 52.507785
MVR 17.840644
MWK 2027.185471
MXN 21.424393
MYR 4.927804
MZN 74.523741
NAD 20.386765
NGN 1713.996785
NIO 43.023936
NOK 11.729869
NPR 164.650064
NZD 2.035189
OMR 0.447521
PAB 1.169107
PEN 3.958562
PGK 4.986456
PHP 67.773226
PKR 330.95898
PLN 4.244824
PYG 8297.759177
QAR 4.26139
RON 5.088504
RSD 117.180721
RUB 94.911939
RWF 1696.955257
SAR 4.373118
SBD 9.605366
SCR 16.229433
SDG 701.394737
SEK 10.993496
SGD 1.510827
SHP 0.874856
SLE 26.959445
SLL 24451.939669
SOS 668.161131
SRD 45.961923
STD 24135.32961
STN 24.502242
SVC 10.229936
SYP 15161.123778
SZL 20.379865
THB 38.201068
TJS 10.784887
TMT 4.081251
TND 3.413612
TOP 2.731057
TRY 48.908714
TTD 7.929726
TWD 35.724821
TZS 2877.234105
UAH 48.793664
UGX 4086.37387
USD 1.166072
UYU 46.804282
UZS 14217.300766
VES 234.634205
VND 30716.660351
VUV 142.316954
WST 3.275489
XAF 656.01702
XAG 0.022579
XAU 0.000275
XCD 3.151367
XCG 2.106993
XDR 0.815875
XOF 656.01702
XPF 119.331742
YER 278.574046
ZAR 20.26727
ZMK 10496.036457
ZMW 26.509425
ZWL 375.474607
  • RBGPF

    0.0000

    79.09

    0%

  • GSK

    0.1400

    43.91

    +0.32%

  • SCS

    -0.0100

    16.55

    -0.06%

  • BP

    0.3500

    33.13

    +1.06%

  • RIO

    -0.7300

    68.02

    -1.07%

  • CMSC

    0.3801

    24.1

    +1.58%

  • NGG

    1.0500

    76.95

    +1.36%

  • RELX

    0.0100

    45.23

    +0.02%

  • AZN

    0.8600

    84.69

    +1.02%

  • RYCEF

    -0.3900

    14.91

    -2.62%

  • BTI

    0.4800

    51.62

    +0.93%

  • CMSD

    0.2000

    24.29

    +0.82%

  • JRI

    -0.0100

    13.77

    -0.07%

  • VOD

    0.1900

    11.67

    +1.63%

  • BCE

    0.5700

    24.26

    +2.35%

  • BCC

    0.1900

    71.03

    +0.27%

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.

S.Danek--TPP