Despite Delays Suriname’s Oil Boom is Fast Becoming a Reality

It is a long time coming, but the impoverished South American country of Suriname is poised to enjoy the fruits of a major oil boom. For nearly a decade, the government, in the capital Paramaribo, hungrily eyed neighboring Guyana’s drilling success, which transformed that country into the world’s newest petrostate. Yet Suriname’s offshore drilling, despite yielding positive results, repeatedly experienced uncertainty and delays. This took place as the economic situation in the former Dutch colony deteriorated, causing to President…