Portuguese 
English 
Spanish 
2 min of reading 
0 comments 
Suriname To Distribute Oil Profits From The Equatorial Margin: Each Inhabitant Will Receive An Annual Benefit
The President of Suriname, Chan Santokhi, announced an ambitious program called “Benefits for All”, which seeks to redistribute the profits from the oil reserves discovered in the Equatorial Margin. Each Surinamese citizen will benefit from this plan, receiving an initial payment of 750 dollars (approximately 4,300 reais), with an annual yield of 7%. The announcement, made during the celebration of Independence Day, marks a milestone in the country’s economic policy.
An Inclusive Approach to Oil Profits
The initiative, which will be funded by revenues from the oil exploration of “Block 58”, aims to ensure that the country’s natural wealth directly benefits the population. According to Santokhi, this program represents a new stage in the management of national resources. “Every Surinamese is a co-owner of the oil profits. It’s time to give something back to the people, and we will do this fairly,” he declared.
The government is finalizing the details to implement the program as soon as oil production in Block 58, led by TotalEnergies, comes online in 2028. Additionally, measures are being assessed to expedite payments to individuals over 60 years old and citizens with disabilities, prioritizing their access to the benefits.
-
Petrobras implements a severe adjustment and confirms a 55% increase in the price of aviation kerosene with a proposal for installment payments for the companies.
-
The rise in oil prices could ensure an extra revenue of R$ 100 billion for the Federal Government, indicates a recent economic study.
-
Naturgy begins an investment of R$ 1.6 million to expand the gas network in Niterói and benefit thousands of new residences and businesses.
-
A major turn in the Justice system suspends tax increases and directly impacts oil and gas companies in Brazil by affecting costs, contracts, and financial planning, leaving uncertain what could happen to the sector if these costs had increased.
Foreign Investment and The Economic Future of Suriname
The Equatorial Margin has established itself as a strategic area for oil and gas exploration in South America. Suriname, like other countries in the region, has attracted interest from international oil giants. In October, TotalEnergies announced a 10.5 billion dollar investment to develop Block 58, with offshore production expected to start in 2028.
The “Benefits for All” program seeks to improve the quality of life for citizens and also position Suriname as a model for equitable redistribution of revenues from natural resources. This approach differs from other countries in the region, where oil wealth has primarily been managed by states or large corporations.
Seja o primeiro a reagir!