Annand Jagesar

Managing Director and CEO of Staatsolie Maatschappij Suriname N.V., Suriname’s national energy, oil and gas company. He has held senior Staatsolie roles in downstream, business development, and corporate planning, and is publicly associated with Suriname’s offshore oil strategy, including GranMorgu, production scenarios, royalties, taxes, and long-term national oil development.

Suriname Bets $10.5 Billion Offshore Oil Project Can Fund a Greener Future

Suriname is tying its economic future to GranMorgu, a $10.5bn offshore oil project developed by TotalEnergies and APA Corporation. The Financial Times film argues that the bet is attractive because global energy markets still reward new low-cost, lower-emission barrels, but that its payoff depends on whether Suriname can turn oil revenue into durable development. That means reducing debt, strengthening institutions, diversifying the economy and protecting one of the world’s most forested countries without letting the boom overwhelm it.

Financial TimesMay 14, 202616 min read