Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts

abcnews.go.com:

The government of Venezuela accused neighboring Guayana of granting illegal oil exploration concessions in territory the two nations are disputing

CARACAS, Venezuela — The government of Venezuela accused neighboring Guayana Sunday of granting illegal oil exploration concessions in territory the two nations are disputing. Venezuela said it would reserve the right to take any diplomatic actions necessary.

The comments Sunday came after Guyana said Saturday that it has satellite imagery showing Venezuelan military movements near the South American country’s eastern border with Guyana.

Venezuela's statement did not deny Guyana's claim of a military and infrastructure buildup. Rather, it said it was within its rights to beef up its border forces.

Venezuela claimed Guayana had granted “illegal oil concessions… in a maritime area that is indisputably Venezuelan.”

Oil giant ExxonMobil has said it will keep ramping up production in offshore fields off Guyana despite the escalation of the territorial dispute.

The two sides have feuded over border lines for decades. Venezuela has been laying claim to the mineral-rich Essequibo region, which covers about two thirds of Guyana’s surface area.

Both sides accused the other of breaching a peace agreement signed in the Caribbean in December to ease tensions over border demarcation lines.

Under the Argyle Agreement signed on the island of St. Vincent in December, the two countries agreed not to use force or to threaten each other. The talks were brokered by Brazil and Caribbean governments.

The latest developments came hours after satellite images posted by the US Center for Strategic and International Studies (CSIS) showed Venezuela is extending its base on Ankoko Island, half of