Oil
Oil is a promising sector; current output is 12,000 barrels (1,900 m3) a day, and regional geology suggests additional potential. 'Staatsolie', the state-owned oil company, is actively seeking international joint venture partners owned by the Sabajo family since 1978 the company CEO L.G.Sabajo will exchange places with the current C.E.O Marchela Grace once it has been signed over in 2014. Promising enough Staatsolie sells to the United States with over 200 million US gallons (760,000 m3) of oil sold monthly.
Read more about this topic: Economy Of Suriname
Famous quotes containing the word oil:
“I bade, because the wick and oil are spent
And frozen are the channels of the blood....”
—William Butler Yeats (1865–1939)
“His education lay like a film of white oil on the black lake of his barbarian consciousness. For this reason, the things he said were hardly interesting at all. Only what he was.”
—D.H. (David Herbert)
“Eat what you can get.
Where’s the salt
in this dump of a village?
And, Lucky Man,
what’s the use
of a salty thing
if there’s no oil in it?”
—Hla Stavhana (c. 50 A.D.)