Brazil attacks Guyana: “It is sucking up our oil resources”

Brazil attacks Guyana: “It is sucking up our oil resources”
Brazil attacks Guyana: “It is sucking up our oil resources”

With the explorations carried out in what is called the “equatorial margin”, the Guyana steals Brazil’s oil. This was stated by the Brazilian Minister of Mines and Energy, Alexandre Silveira, during a meeting on the energy transition within the G20, held on Monday in Belo Horizonte. “Our Guyanese brothers are sucking Brazil’s wealth with a straw, they are exploring beyond the border, in a block acquired under the Dilma government,” Silveira said, referring to the former president’s government. Rousseff, in office from 2011 to 2016. “We cannot break contracts. It is the right of the Brazilian people to know their wealth,” said the minister, commenting on the extraction of crude oil that Georgetown is carrying out via an underwater cable in the Stabroek block. It is this area which gives Guyana an unexpected role as a world oil power, but whose extension touches disputed borders with neighboring countries, Brazil but also Venezuela.

Silveira also returned to the internal institutional conflict which makes it complicated for Brazil to exploit the equatorial margin, a basin that a large part of the government of Brazil it would like to upgrade to supply its oil reserves during the predictable and long period necessary to complete the energy transition. The minister once again criticized the “dogmatic” approach of those who – like the Minister of the Environment, Marina Silva – oppose drilling, citing reasons of protection of natural resources and the rights of resident populations, detriment to the “development” of the country. Last May, the agency responsible for granting operating rights (Ibama) rejected the “margin” development plans drawn up by the energy company Petrobras, denouncing the limits in the presentation of environmental impact studies. A decision that Petrobras contested by launching a new review which is still ongoing.

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