IBC Suriname Recap, SGCC Canawaima Ferry Proposal & Staatsolie Opportunities

Newsletter

September 12, 2025•3 min read

Click below to learn more about each of our Members exhibiting with us at the Guyana Energy Conference & Supply Chain Expo 2025

On Tuesday, February 11th, 2025, Guyana's Minister of Foreign Affairs Hugh Hilton Todd met with Suriname’s Ambassador to Guyana, H.E. Liselle Blankendal to discuss the International Business Conference (IBC) and the strengthening of Guyana-Suriname bilateral relations.

Staatsolie Issues New Bond to Support Offshore Oil Project

Staatsolie Maatschappij Suriname N.V. has launched the Staatsolie Bond 2025-2033 to raise US$250 million and EUR 50 million for its investment in the GranMorgu offshore oil field in Block 58. The bond, with an 8-year term, offers interest rates of 7.75% (USD) and 7.25% (EUR). Investors can participate from as little as US$100 or EUR 100, ensuring accessibility, while a US$30,000 option is available for larger investors in Suriname, Curaçao, and Sint Maarten. Proceeds will help fund Staatsolie’s US$2.4 billion stake and refinance previous bonds.

Subscriptions run from February 3-25, with trading on the Dutch Caribbean Securities Exchange (DCSX) and the Suriname Stock Exchange (SSX).

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Guyana Showcases Local Industry in Suriname

During a trip to Suriname to participate in the IBC, the Guyana Office for Investment, in collaboration with the Ministry of Foreign Affairs, has outfitted the Guyana Embassy in Suriname with a locally made canoe, Guyanese products, and investment materials. Dr. Peter Ramsaroop, Chief Investment Officer, Office of the President and Agency Head, Guyana Office for Foreign and Local Investments, highlighted Guyana’s economic growth, bauxite discoveries, and upcoming energy developments, including lower energy costs and a deep-water port. This initiative strengthens trade relations and supports local manufacturers in expanding to foreign markets. Ambassador of Guyana to Suriname, H.E. Virjanand Depoo welcomed the effort, reinforcing the commitment to regional collaboration and economic opportunity.CLICK BELOW TO READ MORE

Strengthening Regional Ties

At the IBC Suriname held Feb. 2-4, 2025, the Curaçao Investment & Export Promotion Agency - CINECuraçao Investment & Export Promotion Agency (CINEX) signed two strategic MoUs with the Suriname Energy Chamber (SEC) and the Suriname Investment and Trade Agency (SITA). These agreements aim to strengthen economic ties, attract foreign investment, and drive sustainable growth between Curaçao and Suriname, marking a significant step in regional economic collaboration.

SGCC Advances Proposal for Privatization of Canawaima Ferry Service

The Suriname Guyana Chamber of Commerce (SGCC) has taken a significant step towards improving regional connectivity by formally presenting a proposal for the privatization of the Canawaima Ferry Service. This momentous occasion took place during the International Business Conference Suriname, held February 4th - 6th at the Assuria Events Center, Paramaribo.

The privatization initiative is aimed at enhancing the efficiency, reliability, and long-term sustainability of the ferry service, which serves as a vital trade and travel link between the two nations. The SGCC believes that a public-private partnership model could introduce much-needed investment, modern infrastructure, and streamlined operations, ultimately benefiting businesses and passengers alike.

By engaging top-level government officials and investment stakeholders, the SGCC is reinforcing its commitment to driving solutions for regional trade and economic development. The chamber looks forward to continued discussions and collaboration on the next steps toward implementing a more effective and sustainable ferry service.