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Rupee gains six paise against dollar in early trade
Oil below $ 72 in Asian trade
Iran's Two-Edged Bomb
Oil falls under $72, euro zone worries weigh
Oil rebounds on weakening dollar
When seconds count, human psychology and cars' complexity can make it hard to steer to safety
Asian stocks mixed after Wall St decline
Asian stocks mixed after Wall St decline
Business Highlights
Grain prices rally ahead of February crop report
Gas
The Venting of Gas From Pipes Has Been Fatal in the Past
Blast Victims Served Their Communities
Blast Probe Looks at Gas-Line Clearing
FG, Gas Producers Meet over Power Generation Slump
Criminal probe is launched in Conn. plant blast
Vandals compound fuel crisis, break NNPC pipeline
Lost Workers Remembered
Fourth contract to company with one specialty: default!
Turkey alters its compass
West wants political stability in Ukraine
Nuclear Energy
IAEA Offers Guidance on Radiation Protection for Patients, Travelers
In pursuit of nuclear energy
Iran says to start work on 20 pct nuclear fuel
Nuclear second coming could run out of steam - Expert
Unit at nuclear plant shut down
How the IAEA Fights the Cancer Epidemic
Cut Off From Care
The Hidden Epidemic
Toward Sustainable Nuclear Innovations
Iran Is Ready for Nuclear Deal, Leader Says
Renewable Energy
Mexico's Pemex awards Saipem $345 mln refinery deal
US company aims to store energy in air
EIA funding request will fill critical gaps in energy innovation planning says UTD professor
Wintry weather drives energy prices higher
Small BP shareholder group protests oil sands production
Climate Change: Five Facts and a Corollary
Sea change at Kuwait top oil body
Addressing the food versus fuel debate in Ghana
Napocor to set up 42 MW biomass project for off-grid
Middletown explosion, Kleen energy plant blast details
Solar Power
Making Solar Power Portable
U.N. Climate Panel and Chief Face Credibility Siege
Ashton Kutcher extolls green movie set on Valentine`s Day
Public health hazard must not be downplayed
Supply glut could hurt solar makers' stocks
France's Areva buys Silicon Valley solar startup
The politics of cosmic catastrophe
Tubular structures on lunar surface, ideal landing sites
Catering to lighting needs of remote agency villages
Plea to erect solar fence to prevent elephant herd
Maritime
Port of Gladstone returns to operation
Shipping boosted by spike in exports
Falling oil rig deployment threatens new fields development
Port concession and high charges four years after
Navy training camp concludes
Port pensioners seek clarification
Coast Guard evacuates man from ship
Marines officer cleared on Erap bio-pic charge
ENI, PPL start offshore oil, gas exploration
Marine in court martial over Erap biopic CDs cleared
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(Photo: WN / marzena)
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Ten great road trips – without the stress of driving
| Fancy a driving holiday but not the driving? Then let someone else do it, on one of these epic bus journeys or chauffeured tours | Filling station ... a tea break in Libya on the Tunis-Cairo tr...
(Photo: WN / Janice Sabnal)
photo: WN / Janice Sabnal
Duque breezes through confirmation at CA
| MANILA, Philippines—After rejecting a former Cabinet secretary appointed to the post by President Gloria Macapagal-Arroyo for not being a lawyer, the Commission on Appointments (CA) gave the nod to ...
» Into the Wild in Lush Guyana
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» Nine billion people by 2050?
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» Iamgold's gold reserves up by 17%, niobium reserves up by 32%
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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