Suriname’s president Desi Bouterse has conceded defeat in the emerging oil producer’s 25 May parliamentary elections, two days after the country’s electoral council declared the official results, Argus Media said in a report on Monday.
This clears the way for the installation of a new government likely to be led by former justice minister Chandrikapersad Santokhi of the main opposition Progressive Reform Party (VHP).
In its policy statement, the VHP pledges a “reconstruction” of the country’s natural resources, without providing further details.
State-owned Staatsolie is seeking to emulate neighboring Guyana, where ExxonMobil’s offshore discoveries will make the country a significant producer in five years.
Read the full report HERE
