Suriname's president, Desi Bouterse
Suriname’s election setback
Development of the country’s oil sector faces a slowdown in the face of political instability and dire economic conditions
National elections in Suriname were supposed to bring much-needed stability to the country following a string of political scandals and an economy poised to suffer significant recession. The landmark offshore oil discoveries announced by French operator Total in the first quarter offered a rare reprieve from the sense of gloom. But the fallout from the election has highlighted Suriname’s fractious political scene and the potential risks of investing in the country. President Desi Bouterse, who was standing for a third term in office, demanded a recount ahead of the official result, and international observers fear a lengthy dispute. “The risk of political violence and civil unrest is c
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
