HOUSTON, March 11 (Reuters) - Guyana is considering a
plan to export crude oil to the United States for refining and
to bring back fuel for domestic supply and possibly for sale to
nearby countries, Guyanese President Irfaan Ali said at a
conference in Houston on Tuesday.
Guyana has one of the world's fastest-growing economies
thanks to rapidly rising oil output at the country's prolific
offshore oilfields, which are operated by a consortium led by
U.S. oil major Exxon Mobil ( XOM ).
The government is entitled to a portion of output as profit
oil, which it exports through trading firms that allocate
cargoes in different markets, particularly Europe.
Guyana does not have refineries, but is discussing projects
with companies and the Dominican Republic to build a small
refinery.
Guyana would do anything to keep regional peace, Ali also
said at the CERAWeek conference in Houston, when asked about
tension with Venezuela.
The South American neighbors are involved in a long-running
dispute about which country owns the 160,000-square-km
(62,000-square-mile) Esequibo area, which is the subject of an
ongoing case at the International Court of Justice
"We just ask that Venezuela respect the ICJ and the rule of
law," he said.