UN rules on Guyana-Suriname oil dispute.(THE REGION)(United Nations)(Brief article)

A UN tribunal favored Guyana in a ruling setting its border with Suriname in a century-old dispute over an oil basin off the eastern shoulder of South America in the Atlantic Ocean, reports Reuters (Sept. 21, 2007):

Canada's CGX Energy, which had operated in the disputed waters until Surinamese gunboats expelled the company in 2000, welcomed the decision, said CEO Kerry Sully. Oil and gas exploration in the area has been frozen because of the dispute. In 2004, Guyana, a former British colony, took the dispute to the UN International Tribunal …