Suriname’s Economy Forecast To Grow 55% In 2028 With First Oil

Suriname’s GDP will expand at a brisk 55% annual clip in 2028 when offshore block 58 comes online, the IMF has predicted. That’s a big jump compared to growth of 2.5% in 2023 and 3% by the tiny South American country. The IMF has pointed to October’s final investment decision (FID) announcement for block 58 and the expected spend of US$10.5bn. The IMF sees crude production in Suriname peaking at 73Mb in 2030 and 2031 before declining. “In the long term, the oil reserves are not as large as that of Guyana, though Suriname…