CARICOM has expressed disgust over threats by Venezuela against Guyana following its auctioning of offshore oil blocks.
In a statement on Friday, CARICOM said it noted with grave concern a communique from Venezuela in relation to Guyana's intention to open bids for oil blocks in waters adjacent to Guyana's coast.
CARICOM, in its statement on the matter, said it viewed the stated intention of Venezuela to `apply all the necessary measures' to prevent the operations licensed by Guyana in its waters, as a threat of the use of force contrary to international law.
Caricom contends that the intended actions run counter to the long-standing position of the Latin American and Caribbean countries that the Region must remain a Zone of Peace.
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