Neighboring Country Decides to Distribute Oil Profits Directly to Citizens: Each Citizen Will Receive $750 Annually with 7% Returns

Written by Noel Budeguer

Published on 31/05/2025 at 18:45

País vizinho decide distribuir lucros do petróleo diretamente à população: Cada cidadão receberá 750 dólares anuais com rendimentos de 7%; inclusão ou estratégia política?

Be the first to react!

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.

ARTICLE CONTINUES BELOW

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.

The President of Suriname, Chan Santokhi, visiting Brasília in 2023. Photo: Brenno Carvalho

0 Comments

most recent

older Most voted

Neighboring Country Decides to Distribute Oil Profits Directly to Citizens: Each Citizen Will Receive $750 Annually with 7% Returns

Suriname To Distribute Oil Profits From The Equatorial Margin: Each Inhabitant Will Receive An Annual Benefit

An Inclusive Approach to Oil Profits

Foreign Investment and The Economic Future of Suriname

The end of Nokia: the brand that was the cellphone of an entire generation has ended its smartphones, left Brazil, and today survives only in basic phones in India while seeking a new partner.

Dissatisfied with seeing people sleeping on the street, a man named Ryan Donais started building small mobile homes so that homeless people can escape the cold, each equipped with a bed, running water, electricity, and heating.

Workers were opening a modern road in Dover when they found, 6 meters below the asphalt, a 3,500-year-old boat made of stitched oak and plant fibers.

Consumers eat six times more chicken than in the 1960s, global meat supply quadruples in 60 years, and FAO report reveals the invisible cost on the plate: livestock could drive 80% of the increase in agricultural emissions over the next decade.

An Indonesian fisherman pulls a mysterious object from the sea and discovers that it is a Chinese underwater monitoring system, part of the so-called Underwater Great Wall that Beijing uses to track submarines and unmanned vehicles in strategic straits of the region.

Man built a 5-acre lake to raise bass, but after 1,000 days the project turned into a wildlife sanctuary with eagles, deer, ducks, owls, and live cameras that transformed the farm into a biodiversity laboratory.

Man built a 5-acre lake to raise bass, but after 1,000 days the project turned into a wildlife sanctuary with eagles, deer, ducks, owls, and live cameras that transformed the farm into a biodiversity laboratory.

Chinese construction companies take on the project to transform the former historic port of Benin into a seaside tourist complex: the project in Ouidah will connect La Marina, a 2 km route, and the Gate of No Return memorial to redesign the African Atlantic coast with global appeal.

Up to R$ 10,000 is what some ads are asking for the golden and extremely rare Cristiano Ronaldo sticker from the 2026 World Cup album, an exclusive edition from the United States and Canada that has become a coveted item among collectors on the eve of the tournament.

Maricá records historic decline in monitored indicators and expands use of technology for urban management

Nvidia built the infrastructure of artificial intelligence and became the largest company in the world, but Jensen Huang now needs to defend his throne against Huawei, Google’s TPUs, chip startups, and customers who want to escape dependence on more expensive GPUs.

NASA captures Typhoon Jangmi with a giant eye spinning in space, winds of 130 km/h, and huge clouds advancing over Japan in images that impress with the storm’s strength.

Neighboring Country Decides to Distribute Oil Profits Directly to Citizens: Each Citizen Will Receive $750 Annually with 7% Returns

Suriname To Distribute Oil Profits From The Equatorial Margin: Each Inhabitant Will Receive An Annual Benefit

An Inclusive Approach to Oil Profits

Foreign Investment and The Economic Future of Suriname

The end of Nokia: the brand that was the cellphone of an entire generation has ended its smartphones, left Brazil, and today survives only in basic phones in India while seeking a new partner.

Dissatisfied with seeing people sleeping on the street, a man named Ryan Donais started building small mobile homes so that homeless people can escape the cold, each equipped with a bed, running water, electricity, and heating.

Workers were opening a modern road in Dover when they found, 6 meters below the asphalt, a 3,500-year-old boat made of stitched oak and plant fibers.

Consumers eat six times more chicken than in the 1960s, global meat supply quadruples in 60 years, and FAO report reveals the invisible cost on the plate: livestock could drive 80% of the increase in agricultural emissions over the next decade.

An Indonesian fisherman pulls a mysterious object from the sea and discovers that it is a Chinese underwater monitoring system, part of the so-called Underwater Great Wall that Beijing uses to track submarines and unmanned vehicles in strategic straits of the region.

Man built a 5-acre lake to raise bass, but after 1,000 days the project turned into a wildlife sanctuary with eagles, deer, ducks, owls, and live cameras that transformed the farm into a biodiversity laboratory.

Man built a 5-acre lake to raise bass, but after 1,000 days the project turned into a wildlife sanctuary with eagles, deer, ducks, owls, and live cameras that transformed the farm into a biodiversity laboratory.

Vaca Muerta can supply gas to Brazil, Chile, Uruguay, Bolivia, and Argentina for up to 124 years, but it requires more than $10 billion in infrastructure to distribute the gas.

Criminals dig a secret tunnel to tap into Petrobras pipeline, steal 100,000 liters of fuel and put thousands of people at risk of explosion in the Federal District.

Oil surges again after attacks and standoff between the US and Iran increase global tension

HIDDEN TREASURE AT THE BOTTOM OF THE SEA? Oil discovery nearly 20,000 feet deep challenges engineering limits off the coast of Brazil

Chinese construction companies take on the project to transform the former historic port of Benin into a seaside tourist complex: the project in Ouidah will connect La Marina, a 2 km route, and the Gate of No Return memorial to redesign the African Atlantic coast with global appeal.

Up to R$ 10,000 is what some ads are asking for the golden and extremely rare Cristiano Ronaldo sticker from the 2026 World Cup album, an exclusive edition from the United States and Canada that has become a coveted item among collectors on the eve of the tournament.

Maricá records historic decline in monitored indicators and expands use of technology for urban management

Nvidia built the infrastructure of artificial intelligence and became the largest company in the world, but Jensen Huang now needs to defend his throne against Huawei, Google’s TPUs, chip startups, and customers who want to escape dependence on more expensive GPUs.

NASA captures Typhoon Jangmi with a giant eye spinning in space, winds of 130 km/h, and huge clouds advancing over Japan in images that impress with the storm’s strength.