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Economy & Business - January 2020

SURINAME: Suriname finds oil at last

Back in August 2019, the CEO of Suriname’s state-owned oil company Staatsolie, Rudolf Elias, said that the company would make its first oil discovery within three weeks. He was wrong as the ‘Kankantrie’ well proved dry. Now, five months on, Suriname has at last made its first major oil discovery, raising hopes that it can emulate Guyana from where the good news (and now ‘first oil’) keeps flowing.

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