Suriname is hoping to replicate the hydrocarbon success being enjoyed by neighboring Guyana. The country’s vast hydrocarbon potential could be a boon to its struggling economy. While Suriname’s offshore petroleum blocks are still in the early exploration phase, it is already drawing the attention of oil majors like TotalEnergies and Shell. The deeply impoverished South American country of Suriname, which has been sharply impacted by the COVID-19 pandemic, is hoping to replicate the hydrocarbon success being enjoyed by neighboring Guyana . While Suriname’s economy shrank by 16% during 2020 because of the fallout from the pandemic, Guyana’s gross domestic product soared by a massive 43.5% and the unwelcome news does not stop there. For 2021, the former Dutch colony’s GDP is only expected, by the IMF , to expand by a paltry 0.7%, likely the worst performance in South America, whereas Guyana’s will surge by over 20%. This is […]