The two countries pledged to refrain from escalating the conflict and cooperate to avoid events that could

Venezuela and Guyana have reached an agreement to resolve a territorial dispute over the Essequibo region, which is famous for its mineral resources. 

This is reported by local media. 

The Presidents of Guyana, Irfaan Ali, and Venezuela, Nicolas Maduro, issued a joint statement after a meeting in St. Vincent and the Grenadines, where they reaffirmed their willingness to resolve their differences in accordance with international law. The two countries also pledged to refrain from the use of force and to cooperate to avoid any incidents that could worsen relations between them.

However, the issue of involving the International Criminal Court in resolving the dispute remains unresolved, as Guyana insists on its involvement, while Venezuela does not recognize its jurisdiction. In three months, representatives of both countries are to meet again in Brazil for further discussions.

The dispute between Venezuela and Guyana arose in 2015 after the discovery of oil fields in the Essequibo region. At the end of 2023, the International Court of Justice recognized Guyana's territorial integrity and banned Venezuela from violating it. This decision caused tensions, and Venezuela announced a referendum on the issue of Essequibo's accession to its territory. Guyana turned to its allies for support, but both sides have now agreed to refrain from conflict and work toward the common interests of Latin America and the Caribbean.