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Sat, May

Voters in Suriname to choose government to helm predicted oil boom under accusations of corruption

Voters in Suriname to choose government to helm predicted oil boom under accusations of corruption

World Maritime
Voters in Suriname to choose government to helm predicted oil boom under accusations of corruption

Voters in Suriname, which is on the cusp of a predicted oil boom, will go to the polls on Sunday to elect a new parliament, which will later choose the South American country's next president.

The contest, marked by fraud allegations, has seen little debate about what the next government, which will hold power until 2030, should do with income from the offshore oil and gas Gran Morgu project, set to begin production in 2028.

The project, led by TotalEnergies, is Suriname's first major offshore effort. The former Dutch colony, independent since 1975, discovered reserves that may allow it to compete with neighbor Guyana - whose economy grew 43.6 per cent last year - as a prominent producer.

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Original Source BAIRD MARITIME

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Original Source BAIRD MARITIME

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