Borderline Decision

October 2007 | Risk Summary

The Guyanese government has expressed its joy at a UN tribunal resolution that will put an end to a long-running maritime border dispute with Suriname. The decision, which both sides have accepted, has provided Guyana with sovereignty over a large section of previously contested sea, which is estimated to hold considerable reserves of oil and natural gas. With international oil companies keen to explore the area, the discovery of hydrocarbon deposits could be a milestone for the struggling economy, and make for a considerably more upbeat medium-term outlook. This would also shore up support for the government amid a highly

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