The President of Guyana, David Granger, and his foreign minister, Carl Greenidge, traveled to Saudi Arabia to participate in the summit between Arab nations of South Countries (ASPA) America and consider the event "of national importance as an emerging State in oil production. "
"It is of national importance to Guyana as an emerging oil producing state in part of this strategic peak," said Granger said in a statement.
Granger led the Guyanese delegation at a summit in which oil-related issues and the implementation of measures to increase trade and investment between the two geographical blocks are addressed.
In late May, the company Exxon Mobil discovered oil deposits in coastal waters of the Essequibo region, a territory whose sovereignty dispute with Venezuela.
The differences between Venezuela and Guyana through the waters off the coast of Essequibo are more than a century and also include the claim of sovereignty over a territory of 160,000 square kilometers, rich in natural resources and accounts for two thirds of Guyanese territory.
The area is under constant mediation of the United Nations since the signing of the Geneva Agreement in 1966.
The last summit of ASPA was held in Lima in 2012, meeting in which were represented all the countries of the Union of South American Nations (UNASUR) and the Arab League, except for Paraguay and Syria were not invited to be suspended their respective blocks.