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Suriname Seeks 1.5 Billion Dollars to Fund Oil Project

Summary by Oil Price
Suriname’s state oil company needs to find $1.5 billion in funding this year in order to be able to take part in the development of the Gran Morgu deposit, Reuters has reported, noting the project got a final investment decision late last year. Staatsolie is already talking with banks, the managing director of the company told Reuters, and “They're very eager to do it.” The Gran Morgu deposit lies in Block 58—an offshore block explored by TotalE…

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Oil PriceOil Price

Suriname Seeks 1.5 Billion Dollars to Fund Oil Project

Suriname’s state oil company needs to find $1.5 billion in funding this year in order to be able to take part in the development of the Gran Morgu deposit, Reuters has reported, noting the project got a final investment decision late last year. Staatsolie is already talking with banks, the managing director of the company told Reuters, and “They're very eager to do it.” The Gran Morgu deposit lies in Block 58—an offshore block explored by TotalE…

·London, United Kingdom
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Vogon TodayVogon Today

Suriname is seeking 1.5 billion dollars to exploit its oil - Economic Scenarios

Suriname's state oil company Staatsolie needs to find $1.5 billion in financing this year to participate in the development of the Gran Morgu field, Reuters reported , noting that the project got a final investment decision late last year. Staatsolie is already talking to banks, the company's chief executive told Reuters, and "they are very keen to do so." The Gran Morgu field is located in Block 58, an offshore block explored by TotalEnergies a…

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Oil Price broke the news in London, United Kingdom on Friday, February 21, 2025.
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