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► zhang jingjuan from observer.com

"(u.s. oil giant) exxonmobil is drilling for oil in guyana, and china is winning the battle for influence." the u.s. wall street journal reported on the 26th that in addition to oil projects, chinese companies are squeezing western rivals out of large-scale projects on extremely competitive terms. u.s. diplomats and lawmakers are concerned that years of chinese investment in guyana are being translated into so-called "political influence."

according to reports, china has increased investment in guyana, but the united states has become increasingly picky about which projects it supports. some analysts also say china has jumped ahead of the united states in providing much-needed investment in projects in guyana.

“we ignored this at our own peril,” said dennis hays, a former u.s. diplomat and former acting ambassador to guyana. if china continues to dominate the next bidding cycle, it will be detrimental to the united states.

“the united states is paying close attention to china’s activities in guyana”

guyana is located on the northern coast of south america, bordering venezuela, suriname and brazil, and is noted for its vast oil resources.

exxonmobil launched oil and gas exploration activities in guyana in 2008. in 2015, exxonmobil made its first oil exploration discovery in guyana's deepwater stabroek block and achieved first production in december 2019. since then, exxonmobil has discovered multiple oil fields in guyana. exxonmobil currently extracts hundreds of thousands of barrels of oil per day from guyana's fields. according to reports, the discovery of oil fields is changing the south american country.