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International Business Times
International Business Times
World

Suriname Poised For Cash Inflow From Newly Discovered Oil

Suriname expects to rake in about $10 billion from a huge offshore oil find (Credit: AFP)

Suriname, South America's smallest country, is preparing for an inflow of cash from a huge offshore oil find, with the president insisting the population will receive a direct share of the wealth.

The Dutch-speaking nation of about 600,000 people expects to rake in about $10 billion in the next decade or two, with crude extraction set to begin in 2028.

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