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 TotalEnergies and APA Corp. The French supermajor announced a massive investment plan…