GEORGETOWN, Guyana — Guyana voted Monday to decide who will manage the South American nation's newfound oil riches and navigate rising tensions in a territorial dispute with neighbor Venezuela.

As some 750,000 eligible voters cast their ballots for one of six presidential hopefuls, Venezuela upped the ante by accusing Guyana of "trying to create a war front."

This came after Georgetown on Sunday publicly accused Venezuela of firing shots on a boat transporting election materials in the oil-rich Essequibo region that both neighbors lay claim to.

Venezuela denied the allegations.

Despite the tensions, "the day went well," a spokeswoman for Guyana's electoral commission, Yolanda Ward, said -- an assessment shared by anti-corruption NGO Transparency International., This news data comes from:http://www.gyglfs.com

The results are not expected before Thursday at the earliest.

The rising cost of living in one of Latin America's poorest countries was one of voters' top concerns.

According to a 2024 report by the Inter-American Development Bank, 58 percent of Guyanese lived in poverty despite an oil boom that has quadrupled the state budget to .7 billion in 2025 since production began in 2019.

And while the windfall has seen a rise in social spending, it is not seen as enough by many.

"We do not have a proper social security net so that people are cushioned from the high cost of living," opposition presidential candidate Amanza Walton-Desir told AFP ahead of the vote.

"The way the government is unrolling infrastructure projects and cash grants, they're contributing directly to inflation. And so salaries are stagnant, but prices are skyrocketing."

Voter Mary Welchman, a 48-year-old nurse, told AFP at a polling station in Georgetown: "We need 100 percent change in our country. So we are voting for a change."

Center-right incumbent Irfaan Ali is seeking a second five-year term at the helm of the People's Progressive Party/Civic (PPP/C).

He and other candidates have vowed to put more money in the pockets of Guyanese, improve health care and education services and increase wages -- mainly by exploiting the oil reserves of which the country has more than any other per capita.

Guyana, with its breakneck pace of economic growth at 43.6 percent in 2024 -- the highest in Latin America -- aims to boost oil output from 650,000 barrels per day to over a million by 2030.

Most of its crude reserves are in the Essequibo region, which makes up two-thirds of Guyana's territory but is also claimed by Venezuela in a dispute that has intensified since ExxonMobil discovered massive offshore oil deposits a decade ago.

Essequibo has been administered by Guyana for over 100 years.

'Three great enemies' 

Three candidates led opinion polls ahead of Monday's vote: Ali, opposition candidate Aubrey Norton of the leftist People's National Congress Reform (PNCR), and multi-millionaire populist Azruddin Mohamed, who founded his own We Invest in the Nation (WIN) party.

Norton was the first to cast his ballot Monday at a school on the outskirts of the capital, proclaiming that "bar any irregularities," he was sure to emerge victorious.

"Guyana has three great enemies. One, Venezuela. Two, the PPP (ruling party). And three, poverty. We will rid this society of all our enemies," added Norton.

Ali, for his part, said he was "very confident" of victory.

The election was fraught with logistical challenges.

Ninety-five percent of the territory of South America's only English-speaking country is covered by tropical rainforest.

Voting has traditionally taken place along ethnic lines, with Guyanese of Indian descent supporting the PPP/C and those of African origin backing the PNCR.

Guyana votes amid oil boom, Venezuela tensions