The proceeds of the facility will support Staatsolie in partially refinancing existing debt and funding its 20 per cent working interest in the GranMorgu upstream offshore oil project
CAIRO, Egypt, June 16, 2025/APO Group/ --
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has acted as global coordinator and joint mandated lead arranger for a senior secured term loan facility amounting to US$1.6 billion, in favour of Staatsolie Maatschappij Suriname N.V. (Staatsolie), Suriname’s state-owned energy company, in a major boost to the country’s GranMorgu upstream offshore oil project.
Afreximbank, Banco Latinoamericano de Comercio Exterior, S.A. (Bladex), along with another major international bank and Staatsolie signed the agreement on the 14th of May 2025. Perella Weinberg acted as an advisor to Staatsolie on the transaction.
According to the terms of the agreement, the proceeds of the facility will support Staatsolie in partially refinancing existing debt and funding its 20 per cent working interest in the GranMorgu upstream offshore oil project.
The transaction, the first syndicated loan for which Afreximbank has been mandated on in the Caribbean region, also represents the largest project financing transaction in Suriname’s history and paves the way for the country’s initial offshore oil production by mid-2028.
Capital investments in the project are expected to exceed US$12 billion, with Staatsolie contributing 20 per cent, or US$2.4 billion. The expected revenue generation, depending on oil price, is projected at over US$26 billion for Staatsolie and the Government of Suriname over the operational life, significantly boosting economic development.
The project, which stands out for its low-carbon design, featuring a fully electric floating production, storage, and offloading unit with a production capacity of 220,000 barrels per day, will more than double Staatsolie´s production, providing Suriname with royalties and dividends.
Commenting on the transaction, Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, said that it will significantly transform the Surinamese economy. “Afreximbank is most pleased to have played a pivotal role in arranging this financing for Suriname's Staatsolie. It marks a significant milestone in the Bank's interventions in the Caribbean and a firm statement of intent by the Bank to support investments in strategic programmes/projects that are consequential to the transformation of the Surinamese economy. Beyond this investment, the Bank is supporting initiatives that will catalyse local participation in the country’s oil and gas sector with the aim of ensuring maximum benefits from the natural resource accrue to the indigenes of Suriname and the larger Caribbean.”
Staatsolie is engaged in exploration, production, refining, retail fuel distribution and power generation. Staatsolie also has a working interest in two gold projects in Suriname. It seeks to develop energy resources to maximise the long-term value for Staatsolie and Suriname, energizing a bright future for Suriname
Annand Jagesar, Managing Director of Staatsolie said: “We have built a solid foundation for Staatsolie to participate in GranMorgu and possible future projects and are embarking on a new phase of transformational growth for the company and the country.”
BLADEX, a multinational bank founded in 1979, provides financial solutions to companies and investors doing business in Latin America. It is headquartered in Panama City and has five offices in Latin America and the United States.
Distributed by APO Group on behalf of Afreximbank.
If you are a Somalilander that means originally from one of the clans of Somaliland republic, than you need not to say that: YO ARE A PATRIOTIC BOY FROM THE GREAT NATION OF SOMALILAND REPUBLIC. TO ACQUIRE THE TITLE ''PATRIOT FROM SOMALILAND, YOU MUST DEMONSTRATE YOUR YOUR LOVE FOR YOUR NATION AND SOIL. HOW CAN YOU SHOW THAT IS BY FIRST OF ALL UNDERSTAND THE HISTORY OF OUR NATION. OUR NATION LIBERATED ITSELF FROM THE DICTATORSHIP OF SOMALI OCCUPATION WHICH LASTED THIRTY YEARS OF WAR AGAINST DAAROOD AND HAWIYE CLANS OF SOMALIA. WE DEFEATED THEM AND RE-ESTABLISHED AND REBUILT OUR COUNTRY OUT OF SCRATCH. VIVA SOMALILAND REPUBLIC. VIVA THE GREAT AND NOBLE NATION OF SHIEK ISXAAQ BIN AHMED. DEATH TO ALL DAAROOD AND HAWIYE CLANS OF SOMALIA.
Brother i'm from Somaliland and I want prosperity for my country but not at the cost of blood from another Muslim. I remember the civil war and all the bodies and remember saying to myself I can never become the very people I hated. The only way brother Halyey for us to succeed is to become better the than the oppressor not equal to or less then but BETTER. Don't wish no death even though they pray for ill thoughts to happen again to other Muslims (Somaliland). We need to strive for better equality in Somaliland, easier access to medical treatment and clean water and subsidies food program. We need to have clean pure hearts for Somaliland for our sake for our people for our land.
Abdul-fatah, I am very proud to see our beloved nation of Somaliland establish almost single-handedly successful national reconciliation, democtratic institutions, freedoms and a constitutions. Islam recquires us to take/ exact just revenge from those Somalis (daarood-doofaar and hawiye Afar-qooble) who commited all the genocides in a grand scheme to eradicate the great and noble nation of Shiek Isxaaq Binu Ahmed in order to occupy our land. In order to teach the aggressors a lesson, they must taste what suffering is. Only after thawe can move forward. Mind you, remnants of Faqash forces are still active in Taleeh. They are still commited to their aggression. They devoted active websights and war of propogands for that. They still claim whole regions of Somaliland and call them selves SSC (Sanaag, Sool and parts of Togdheer they named Cayn. In these three regions the majority population belong to the great nation of Reer Shiekh Isxaaq, yet these Faqash forces spread lies and their educated fellows write almost daily to the UN, AU, IGad and EU claiming those three regions. stop self defeating yourself, while youth of the faqash forces actively preparing to re-occupy your land. Islam says: YOUR REVENGE ON YOUR ENEMY MUST BE SIMILAR TO THE AGGRESSION THEY COMMITED AGAINST YOU.
You are an adult now not a boy. You say you are fellow Somalilander but you are wearing blue shirt representing the useless Somali flag!!!!!!!!!!!!! Nothing on you picture shows us that you are Somalilander.
My advice to you: Stop day dreaming about a just wrold. You become better than your enemy after you exacted revenge and moved on to build a better future for you and your nation. Islam does not tell you to day dream or stay passive and turn the other cheak. That will be only cowardness that will surely encourage faqash aggressors to run all over you. You are certainly a gifted peot, but the material of your poems must reflect the literature of Somaliland war of liberation against the aggressors—Somalis. What Irish?!!!!!!! They are the poorest and weakest nation in Europe. Ask the British about that. We are proud and patriotic Somalilanders (not Somalis).
I hope you could understand the name somali-land… Let me translate it for you stupid idiot . Waa dhulkii Somalia …. Nacas yohoow xaarka Cuna magac dhulkiina u raadsada…. Somaliya soomaali baa leh…..at least qoowdan land la baxa xooloyohoow is aruursaday caqli qaad baxa cooska la daaqa xoolaha. Qurun wada like la…
My brothers, first of all, let me say i appreciate all your comments but there is one thing i would like to make clear. The poem had an introduction eloborating why i composed it and everything but i am afraid the owners of this website have deleted. And that is what caused u to have anegative view about me. The poem is not about me and i just wrote it so that it could atleast raise awareness regarding the considereble numbers of children deprived the right to own access to education and shape their future. Thanxxx
masha ALLAAAH it realy touches anybody who has superior blood to ou beloved children,ccountry,mothers and the old. dia abtifitaah don't think only somaliland, somalia is one insaha ALLAAH as u submitt alot of poems is the more our people cme closer…………. am fatuam am somali girl also in war'torn ravaged home …………………