Archive · 25 May 2025
Suriname Votes, Awaits Oil Wealth and Economic Transformation
Suriname, a small South American country, recently held elections.
They're hoping to use the money from new oil discoveries to help their people.
The country has been struggling with debt, inflation, and poverty.
A new parliament was elected, which will choose the president and vice president.
The country could earn billions from oil in the next few decades.
A company plans to start producing oil in 2028.
The government has a plan to give some oil money directly to citizens.
Suriname is also working with China, and is rich in forests.
Suriname held parliamentary elections to determine leadership.
The country is facing economic challenges, including debt and inflation.
Offshore oil discoveries could generate billions in revenue.
Production from an oil field is expected to begin in 2028.
Suriname is seeking to leverage oil revenue for citizen benefit and green energy transition.
- Who
- Citizens of Suriname voted. Key figures include current President Chan Santokhi and Vice President Ronnie Brunswijk.
- What
- Suriname held elections to select members of parliament, who will then choose a new president and vice-president.
- When
- Parliamentary elections were held recently. Oil production is expected to start in 2028.
- Where
- Suriname, South America
- Why
- To determine leadership and manage the country's new oil wealth.
- Population
- 600,000
- Official Language
- Dutch
- Parliamentary Members
- 51
- Independence Anniversary
- 50th
- Oil Production Start (Estimated)
- 2028
- TotalEnergies Project Value
- $10.5 billion
- Oil Field Production Capacity
- 220,000 barrels per day