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South Sudan sees oil shutdown complete by Saturday
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No energy industry backing for the word 'fracking'
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US citizen kidnapped in Nigeria freed
US Embassy: US citizen kidnapped in Nigeria freed
US deal maker may swoop to save bust Coryton
Market Report: Smoke signal from Citi says Imps looks like a buy
Gas
Guest Commentary: The state of shale gas in Colorado
Subsidizing natural-gas cars is bad policy
Alliance Resource Partners LP sees record-breaking figures for 2011
No energy industry backing for the word 'fracking'
Role of federal government in natural gas boom debated
Pennsylvania eyes tax deals to lure Shell's 'ethane cracker'
Mega hub of opportunities
China Inching Towards Bigger Role in Persian Gulf
Atlanta's going Shen Yun this weekend: Cobb Energy Performing Arts Shen Yun show
All hail mighty Aussie dollar, as it's here to stay
Nuclear Energy
Iran says ready for talks, blasts sanctions
French nuclear giant Areva's revenue falls 2.6 pct
French Nuclear Giant Areva's Revenue Falls 2.6 Pct
Fracked-off: Gas extraction 'causes quakes'
Hague: 'No plan' for military action in Iran
Cheaper, Safer, Smaller Nuclear Reactors Will Put The US Back On Top
Hague says Iran oil embargo is aimed at avoiding conflict
Bid for Iran nuclear talks confronts old snags
European oil ban to turn the screws on Iran
Regulators: Nuclear plan could cost Iowa residents
Renewable Energy
No energy industry backing for the word 'fracking'
Clean energy projects face waning federal subsidies
In Defense of Clean Energy
Petrochemical industry to see slower growth
BP contract shields Transocean in spill
The Presidential Energy Narrative
Weekly US oil, gas rig count unchanged at 2,008
Refinery business is a drag on Chevron earnings
The Climate Post: Obama Calls for "All of the Above" Energy Strategy for America
BNP Paribas O&G Loan Sale is Bad News for Explorers Seeking Funds
Solar Power
Sins of a Solar Empire: Rebellion warps in first screens
European stocks edge lower
Sins of a Solar Empire: Rebellion warps in first screens
Out & About, 1/28/12
Subsidizing natural-gas cars is bad policy
West Raleigh apartments sold
GERC's tariffs for solar projects announced
Underwater caves could give clues about life
More solar meters in Albany
Northville OKs plans for former hospital site
Maritime
Cruise Ship Victims Mull $14,460 Compensation Deal
Ship passengers offered $14,460; many decline
Ship rips apart bridge in Kentucky
Cruise ship victims mull $14,460 compensation deal
Navy to launch 'mothership' floating base in the Middle East this summer
After cruise ship wreck, a call to protect Bali’s sailors
Late start didn't keep Port from mastering golf
Watch Real Navy SEALs Go To Work In New Act Of Valor Behind The Scenes Featurette
Port Authority OKs comment period on cuts
Navy Plans to Make Base From Old Ship
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Suriname Map

Background Suriname

Independence from the Netherlands was granted in 1975. Five years later the civilian government was replaced by a military regime that soon declared a socialist republic. It continued to rule through a succession of nominally civilian administrations until 1987, when international pressure finally forced a democratic election. In 1990, the military overthrew the civilian government, but a democratically elected government returned to power in 1991.

Economy - overview:

The economy is dominated by the mining industry, which accounts for more than a third of GDP and subjects government revenues to mineral price volatility. The short-term economic outlook depends on the government's ability to control inflation and on the development of projects in the bauxite and gold mining sectors. Suriname's economic prospects for the medium term will depend on continued commitment to responsible monetary and fiscal policies and to the introduction of structural reforms to liberalize markets and promote competition. The government of Ronald VENETIAAN, in his first term, implemented an austerity program, raised taxes, and attempted to control spending. Economic policies are likely to remain the same during VENETIAAN's second term. Prospects for local onshore oil production are good, as a drilling program is underway. Offshore oil drilling was given a boost in 2004 when the State Oil Company (Staatsolie) signed exploration agreements with Repsol, Mearsk, and Occidental.

GDP (purchasing power parity): $2.818 billion (2005 est.)

GDP (official exchange rate): $1.3 billion (2005 est.)

GDP - real growth rate: 2% (2005 est.)

GDP - per capita (PPP): $4,100 (2005 est.)

GDP - composition by sector:
agriculture: 13%
industry: 22%
services: 65% (2001)

Labor force: 156,700 (2004)

Labor force - by occupation:
agriculture: 8%
industry: 14%
services: 78%

Unemployment rate: 9.5% (2004)

Population below poverty line: 70% (2002 est.)

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 9.5% (2005 est.)

Budget:
revenues: $392.6 million
expenditures: $425.9 million (2004)

Agriculture - products: paddy rice, bananas, palm kernels, coconuts, plantains, peanuts; beef, chickens; shrimp; forest products

Industries: bauxite and gold mining, alumina production; oil, lumbering, food processing, fishing

Industrial production growth rate: 6.5% (1994 est.)

Electricity - production: 2.014 billion kWh (2003)

Electricity - consumption: 1.873 billion kWh (2003)

Electricity - exports: 0 kWh (2003)

Electricity - imports: 0 kWh (2003)

Oil - production: 12,000 bbl/day (2004 est.)

Oil - consumption: 14,000 bbl/day (2004 est.)

Oil - exports: 1,370 bbl/day (2003)

Oil - imports: 1,644 bbl/day (2003)

Oil - proved reserves: 150 million bbl (2005)

Natural gas - production: 0 cu m (2003 est.)

Natural gas - consumption: 0 cu m (2003 est.)

Natural gas - proved reserves: 0 cu m (2005)

Exports: $881 million f.o.b. (2004 est.)

Exports - commodities: alumina, crude oil, lumber, shrimp and fish, rice, bananas

Exports - partners: Norway 29.4%, US 15.2%, Canada 12.5%, Belgium 10.2%, France 8.5%, UAE 6.2% (2004)

Imports: $750 million f.o.b. (2004 est.)

Imports - commodities: capital equipment, petroleum, foodstuffs, cotton, consumer goods

Imports - partners: US 26.2%, Netherlands 19.3%, Trinidad and Tobago 13.5%, Japan 6.6%, China 4.6%, Brazil 4.1% (2004)

Debt - external: $504.3 million (2005 est.)

Economic aid - recipient: Netherlands provided $37 million for project and program assistance, European Development Fund $4 million, Belgium $2 million (2003)

Currency (code): Surinam dollar (SRD)

Exchange rates:
Surinamese dollars per US dollar - 2.7317 (2005), Surinamese guilders per US dollar - 2.7336 (2004), 2.6013 (2003), 2.3468 (2002), 2.1785 (2001) note: during 1998, the exchange rate splintered into four distinct rates; in January 1999 the government floated the guilder, but subsequently fixed it when the black-market rate plunged; in January 2004, the government introduced the Surinamese dollar as replacement for the guilder, tied to a US dollar-dominated currency basket

Fiscal year: calendar year



Country Energy Data Report
Suriname Year:
2002
Energy Production (Quads) = .0383 Energy Consumption (Quads) = .0397

Oil (Thousand Barrels per Day)



Refinery


Stock


Production
Output
Imports
Exports
Build
Consumption

Crude Oil
10.00


0.00
1.71
0.00
0.00

NGL's
0.00

0.00
0.00
0.00
0.00

Other Oils
0.00

0.00
0.00
0.00
0.00

Refinery Gain
-.50





Gasoline

0.00
1.58
0.00
0.00
1.58

Jet Fuel

0.00
.47
0.00
0.00
.47

Kerosene

0.00
.09
0.00
0.00
.09

Distillate

.77
2.13
0.00
0.00
2.89

Residual

5.79
0.00
.96
0.00
4.83

LPG's

.01
.67
0.00
0.00
.68

Unspecified

.16
.17
0.00
0.00
.91

TOTALS
9.50
6.73
5.11
2.67
0.00
11.45

Natural Gas (Billion Cubic Feet and Quadrillion Btu)

Gross Production (Billion Cubic Feet) 0.00
Dry Imports (Billion Cubic Feet) 0.00

Vented and Flared (Billion Cubic Feet) 0.00
Dry Exports (Billion Cubic Feet) 0.00

Reinjected (Billion Cubic Feet) 0.00

Marketed Production (Billion Cubic Feet) 0.00

Dry Production (Billion Cubic Feet) 0.00
Dry Production (Quadrillion Btu) 0.0000

Dry Consumption (Billion Cubic Feet) 0.00
Dry Consumption (Quadrillion Btu) 0.0000

Coal (Thousand Short Tons and Quadrillion Btu)

Production
Imports
Exports
Stock Build

(1000 Tons)
(Quads) (1000 Tons)
(Quads)
(1000 Tons) (Quads)
(1000 Tons) (Quads)

Hard Coal

0
0.0000
0 0.0000
0 0.0000

--- Anthracite
0
0.0000



--- Bituminous
0
0.0000



Lignite
0
0.0000 0
0.0000
0 0.0000
0 0.0000

Coke

0
0.0000
0 0.0000
0 0.0000

Total Coal
0
0.0000 0
0.0000
0 0.0000
0 0.0000

Consumption : (1000 Tons) = 0
(Quads) =
0.0000

Electricity (Million Kilowatts, Billion Kilowatt Hours, and Quadrillion Btu)

Capacity
Generation

(Million kw)
(Billion kwh)
(Quads)
(Billion kwh) (Quads)

Hydroelectric .189
1.500
.0153
Total Imports 0.000
0.0000

Nuclear 0.000
0.000
0.0000
Total Exports 0.000
0.0000

Geothermal and Other 0.000
0.000
0.0000
Losses .139

Thermal .200
.484

Totals .389
1.984
Consumption 1.845