Archive · 24 May 2025
Suriname's Oil Wealth: Direct Payments and Future
Suriname, a small South American country, is about to start making a lot of money from oil in 2028.
The government plans to give some of this money directly to the people, especially those who were born before 2025.
This payment can be saved or withdrawn, but the government hopes people will save it.
There are also concerns about whether everyone will benefit, especially those in rural areas.
The country's leaders hope to avoid problems other oil-rich countries have had by managing the money well.
Suriname is preparing for substantial revenue from offshore oil.
Oil extraction is scheduled to start in 2028, producing 220,000 barrels daily.
The government plans to give citizens a direct share of the oil wealth.
Citizens can receive a one-time payment equivalent to $750.
Some worry about how funds will be accessed by all citizens, particularly those in rural communities.
- Who
- Citizens of Suriname and government officials.
- What
- Suriname prepares for oil revenue and a citizen payment program.
- When
- Extraction to begin in 2028.
- Where
- Suriname
- Why
- To manage and distribute oil revenue.
Concerns over Wealth Distribution
Government Plans and Citizen Benefits
Access to Funds
Concerns over Wealth Distribution
Some worry that funds and bureaucracy will be difficult for rural, Indigenous, and Maroon communities to access.
Government Plans and Citizen Benefits
The government is implementing a program named 'Royalties for Everyone' to provide direct payments.
- Country
- Suriname
- Oil Production Start
- 2028
- Projected Oil Output
- 220,000 barrels daily
- Expected Revenue
- $10 billion (next decade or two)
- Current President
- Chan Santokhi
- Major Investor
- TotalEnergies ($10.5 billion)
- Citizen Savings Program
- 7% annual yield