Paramaribo, Suriname – Surinamese President Chandrikapersad Santokhi, addressing the Suriname Awareness Symposium on Monday, called for unity, economic diversification, and sustainable development as the nation prepares for significant oil and gas revenues.
Santokhi stressed that collaboration is vital for Suriname’s future.
He urged citizens to strengthen local communities and partnerships between government, private sector, and civil society. Supporting local businesses and talent, he noted, is essential for national growth.
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While oil and gas revenues promise substantial economic gains, Santokhi warned against over-reliance on these resources. He also stressed the importance of diversifying the economy into agriculture, tourism, technology, and renewable energy.
“Oil and gas must be seen as a stepping stone, not a destination,” he said.
He outlined the need for “strategic investments and partnerships” to unlock the potential of various sectors. Initiatives aimed at supporting entrepreneurs through funding, mentorship, and collaboration with academic institutions were highlighted as critical to achieving this vision.
Santokhi also called for public awareness campaigns to ensure citizens understand the energy sector and its implications. “We must balance economic growth with environmental sustainability and transform our energy sector toward renewables,” he said.
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The President called for “a national shift in mindset”, rejecting complacency and entitlement while fostering accountability and adaptability. He called on all stakeholders to work together for a prosperous and united Suriname.
“Suriname’s potential is immense,” Santokhi said. “Together, we can harness it to build a nation rich in resources, opportunity, and innovation.”
Suriname is preparing for its first offshore oil project, the US$10.5 billion Block 58 development.
The Gran Morgu field holds an estimated 750 million barrels of oil, with first oil expected in 2028. A floating production, storage, and offloading (FPSO) vessel will produce up to 220,000 barrels per day from around 30 wells. This is being constructed by SBM Offshore.
