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Subject
The impact of a potential major oil find.
Significance
Two oil companies, Apache and Total, have announced what may be a major new offshore oil find. This potentially offers Suriname significant economic development while at the same time heightening reputational risks for investors stemming in part from association with the controversial president.
Impacts
If production potential is confirmed, Suriname will experience major economic and societal impacts.
The conduct and outcome of elections may have further reputational implications for investors.
Given increasing pressure to limit and/or reduce hydrocarbons consumption, a new oil province does not automatically imply a bonanza.
Keywords:
economy,
industry,
politics,
corruption,
debt,
election,
foreign investment,
government,
oil,
regulation,
Fossil fuels,
Suriname,
LA/C,
China,
Guyana
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
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