A total of $200 million has been set aside in the 2016 budget to retain legal consultants to help the government in its resistance to Venezuela’s claim to Guyana’s Essequibo Region and its oil rich maritime space.
Foreign Affairs Minister Carl Greenidge made the clarification during the consideration of the 2016 estimates of expenditure for his Ministry on Thursday.
He said the $200 million will cover the cost of retaining international and local lawyers and advisors to assist with the exercise.
He was at the time responding to queries from Opposition Chief Whip and Former Foreign Affairs Minister Gail Teixeira.
Last week during a presentation to the National Assembly, Greenidge faulted the Nicolas Maduro administration for attempting to disrupt an ongoing United Nations process that seeks a peaceful resolution.
In May 2015, Venezuela renewed claims to more than 2/3 of Guyana’s territory following the discovery of oil in the Stabroek block offshore Guyana.
These claims came days after a change in government in Guyana. The neighboring country has relentlessly laid claims to Guyana’s territory.
Guyana says it intends to utilize its diplomatic resources to its fullest to resist these claims and now awaits a final and peaceful UN resolution to the controversy.