Suriname Poised For Cash Inflow From Newly Discovered Oil

Source: International Business Times

Suriname expects to rake in about $10 billion from a huge offshore oil find AFP Suriname, South America's smallest country, is preparing for an inflow of cash from a huge offshore oil find, with the president insisting the population will receive a direct share of the wealth. The Dutch-speaking nation of about 600,000 people expects to rake in about $10 billion in the next decade or two, with crude extraction set to begin in 2028. Projected output is 220,000 barrels per day (bpd) -- up from about 5,000 to 6,000 -- in a country where one in five people live in poverty.