Suriname's $26 Billion Oil Bet Is Finally Paying Off The Middle East is in turmoil, and global energy markets are reeling from the consequences.
Amid this chaos, a South American country has emerged as an unlikely beneficiary: Suriname. The former Dutch colony was once on the brink of disaster, but its nascent oil industry is finally hitting its stride.
Suriname's oil boom can be attributed to the rich hydrocarbon reserves discovered in Block 58, an offshore concession shared with Guyana.