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In recent days, news came of two major triumphs: the overturning of ExxonMobil’s $12 billion asset freeze against Venezuela’s state oil company, and a resolution by the OAS rejecting Colombia’s deadly military raid into Ecuador. At the heart of both issues is the question of sovereignty.
First, in the dispute with ExxonMobil, Venezuela went to court to stand up for its decision to bring oil projects in the Orinoco region under the legal framework for majority state control of the oil industry that was established in the 1970s. ExxonMobil challenged that decision in UK courts, but a judge ruled the firm’s move was inappropriate.
A second headline is the OAS resolution to reject Colombia’s March 1st raid in Ecuador, which killed a top guerrilla leader as well as two dozen others, including 4 Mexican university students. The resolution was approved unanimously by the 34 member states of the OAS. OAS representatives are pictured here applauding the decision.
Venezuela took the lead in denouncing the breach of sovereignty by Colombia. This is due to the fact that Venezuela shares a 1,500 mile-long border with Colombia — one of the longest common borders in the hemisphere. Also, refugees and communities displaced by the violence in Colombia are increasingly granted asylum in Venezuela.