226:. In February 1995 Staatsolie signed a US$ 36 million loan contract with Dutch bank ABN-AMRO and Swiss bank EFAG to help build a refinery. ABB Lummus Global was commissioned to build the refinery. By 1997 the refinery was officially operational and producing about 8,000 barrels of oil a day. In June of 1998, the Managing Director Eddie Jharap was fired for refusing to sell Staatsolie to Korean conglomerate and automobile manufacturer Daewoo. After a court case, the release of Jharap from the company was ruled unfair and was reversed.
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233:. In 2004 Staatsolie continued to expand by becoming co-owner of Ventrin Petroleum Company (a marine bunker company based in Trinidad) and two years later the Calcutta, Suriname oil field were put into production. That same year Staatsolie announced their own power company (Staatsolie Power Company Suriname) mainly operating under the electric power sector. Statsolie continued to expand their refineries and improve their oil fields and in 2011 they acquired
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261:) to ease the extreme poverty in the country which was endorsed by the current CEO of Staatsolie (Annand Jagesar). As Suriname receives growing interest from the world for its oil, Staatsolie has been excited to work together with corporations. In 2022, Chevron and Staatsolie expanded their cooperation by signing a sharing contract for offshore Block 7.
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Despite growing outsider competition, Staatsolie is dedicated to serving the
Surinamese people through sustainable projects and providing significant profits to state revenue. The company has been planning on creating solar projects to help reduce their CO2 emissions. In 2023 the CEO said "If we want
218:. On 13 December 1980, Staatsolie was established to manage Suriname's own oil industry instead of selling the oil fields to multi-nationals cooperations. On 25 November 1982, the first drilling started in Tambaredjo. In 1988 the first
253:(Malaysian owned oil company) found an extensive amount of crude oil in the Guyana-Suriname Basin in Block 52. Both Exxonmobil and Petronas own 50 percent participating interest in Block 52. In 2023, the French Company
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oil and gold company which was established to execute the oil policy which includes exploration, drilling and processing oil. In 2014 Staatsolie expanded its business to gold. Staatsolie is wholly state-owned.
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In 2014 it was announced that
Staatsolie would participate for 25% in a recently discovered gold field in the Merian area. In 2019 the production was 524,000
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to survive as a company, we have to transition to providing clean energy." In the year 2021, they contributed $ 558 million dollars to the state treasury.
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operations in
Suriname. Throughout the 2010's Statsolie focused on sustainability projects and exploration missions to find more oil reserves.
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announced
Suriname's first ever offshore drilling project which is a $ 9 billion dollar project imposed by the International Monetary Fund (
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Staatsolie has seen more competition recently as more companies begin to explore the oil opportunities in the
Surinamese region. In 2020
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have come to an agreement for new mines. Staatsolie will participate for 30% in a joint venture with
Rosebel.
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In the 2000's
Staatsolie continued to grow by building a 22 kilometer pipeline from Tout Lui Faut to
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534:"Staatsolie shapes Suriname's game-changing oil and gas sector - Annand JAGESAR - The Energy Year"
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485:"Suriname prepares for its first offshore oil project that is expected to ease deep poverty"
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559:"Staatsolie - Suriname's National Energy, Oil & Gas Company - Investors"
510:"Staatsolie - Suriname's National Energy, Oil & Gas Company - Investors"
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437:"Staatsolie - Suriname's National Energy, Oil & Gas Company - History"
413:"Staatsolie - Suriname's National Energy, Oil & Gas Company - History"
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609:"Staatsolie en Rosebel Goldmines bezegelen deal nieuwe mijngebieden"
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583:"Abdoel: Deelname Staatsolie in goudmijn 'meesterlijk plan'"
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of gold, resulting in an annual revenue of US$ 101 million.
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461:"ExxonMobil discovers hydrocarbons offshore Suriname"
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105:R.T. Elias (CEO) and A.K. Moensi-Sokowikromo (CFO)
332:"Bruto-omzet Staatsolie US$ 500 miljoen in 2019"
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658:This corporation or company article is a
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719:. You can help Knowledge (XXG) by
662:. You can help Knowledge (XXG) by
302:"Staatsolie – Refining the future"
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280:On 27 April 2019, Staatsolie and
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179:Staatsolie Maatschappij Suriname
31:Staatsolie Maatschappij Suriname
781:1980 establishments in Suriname
210:In 1965 oil was discovered in
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27:Suriname oil and Gold company
391:International Monetary Fund
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192:Suriname State Oil Company
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241:Staatsolie's competition
133:US$ 180 million (2019)
121:US$ 500 million (2019)
715:-related article is a
206:Oil extraction history
58:State-owned enterprise
776:Gold mining companies
766:Companies of Suriname
269:Gold mining history
224:Trinidad and Tobago
154:1,114 (2019-01-01)
150:Number of employees
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563:www.staatsolie.com
514:www.staatsolie.com
441:www.staatsolie.com
417:www.staatsolie.com
306:Endeavour Magazine
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538:theenergyyear.com
358:"Company Profile"
282:Rosebel gold mine
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617:. Retrieved
613:De Ware Tijd
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540:. 2023-10-27
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86:Headquarters
54:Company type
587:Star Nieuws
72:gold mining
760:Categories
615:(in Dutch)
589:(in Dutch)
568:2024-05-13
544:2024-05-13
519:2024-05-13
495:2024-05-13
470:2024-05-13
465:ExxonMobil
446:2024-03-06
422:2024-03-06
338:(in Dutch)
288:References
247:Exxonmobil
199:Surinamese
175:Staatsolie
164:staatsolie
128:Net income
101:Key people
90:Paramaribo
18:Staatsolie
220:crude oil
216:Saramacca
141:State of
113:Oil, gold
68:Petroleum
713:Suriname
619:27 April
593:18 April
397:18 April
370:18 April
342:18 April
311:18 April
251:Petronas
212:Calcutta
197:), is a
143:Suriname
110:Products
94:Suriname
64:Industry
489:AP News
235:Chevron
231:Paranam
186:
159:Website
118:Revenue
78:Founded
275:ounces
711:This
361:(PDF)
138:Owner
717:stub
660:stub
621:2019
595:2020
399:2020
372:2020
344:2020
313:2020
249:and
183:lit.
166:.com
259:IMF
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
