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:
“Oh Gull of my childhood,
cry over my window over and over, take me back,
oh harbors of oil and cunners, teach me to laugh
and cry again that way that was the good bargain
of youth....”
—Anne Sexton (1928–1974)
“Courage, determination, and hard work are all very nice, but not so nice as an oil well in the back yard.”
—Mason Cooley (b. 1927)
“Mr. Chadband is a large yellow man, with a fat smile, and a general appearance of having a good deal of train oil in his system.”
—Charles Dickens (1812–1870)