IBOV 208,295.98 ▲ 1.57% IPSA 10,926.50 ▼ 0.42% IPC MEX 69,258.58 ▲ 0.36% MERVAL 3,017,221 — — COLCAP 2,533.22 ▲ 0.47% BVL PERÚ 59,903.86 ▼ 0.06% USD/BRL5.03▲ 0.01% USD/MXN18.50▲ 0.41% USD/CLP974.55▼ 0.68% USD/COP3,173▲ 0.45% USD/PEN3.43▼ 0.05% USD/ARS1,525▼ 0.02% USD/UYU40.13▲ 3.22% USD/PYG5,704▲ 2.30% USD/BOB11.65▲ 2.95% USD/DOP61.21▲ 2.67% USD/CRC448.07▲ 1.91% USD/GTQ7.64▲ 3.18% USD/HNL26.86▲ 3.38% USD/NIO36.62▲ 2.82% USD/VES881.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 2.46% EUR/BRL5.64▼ 0.07% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 208,295.98 ▲ 1.57% IPSA 10,926.50 ▼ 0.42% IPC MEX 69,258.58 ▲ 0.36% MERVAL 3,017,221 — — COLCAP 2,533.22 ▲ 0.47% BVL PERÚ 59,903.86 ▼ 0.06% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Wednesday, October 21, 2026

Suriname Latin America

Suriname Seeks More US Investment in Oil

By · October 21, 2026 · 5 min read
Blue Department of State sign in front of a cream stone State Department building with windows and a hedge
The US State Department in Washington. File photo, 2024. (Photo: U.S. Department of State, public domain, via Wikimedia Commons)
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

SURINAME · DIPLOMACY

Key Facts

  • The country Suriname is a former Dutch colony of about 657,000 people on South America’s north-east coast, with its first offshore oil due in 2028.
  • What happened On Thursday 15 October 2026, Foreign Minister Melvin Bouva asked US officials in Washington for more investment in oil and gas, agriculture and infrastructure.
  • The meeting Bouva spoke at the US-Caribbean Dialogue and held separate talks with Christopher Landau, the US Deputy Secretary of State.
  • The money No contract, dollar amount or financial commitment was announced, so the request is an opening move rather than a deal.
  • Security Bouva also asked for closer work on cross-border crime, maritime security and cyberattacks.
  • Why it matters US investors and energy firms are being invited into a country whose first offshore oil project is priced at US$10.5 billion.

Suriname asked Washington on Thursday 15 October for more US investment in its oil and gas, farming and infrastructure. Foreign Minister Melvin Bouva made the request at the US-Caribbean Dialogue in Washington, according to the Surinamese government.

Suriname is a small South American country that expects its first offshore oil in 2028, which makes American money and know-how a live question. No contracts or dollar amounts were announced, so the meeting is a signal of intent rather than a deal.

What Bouva Asked For

Bouva told the dialogue that Suriname wants more US investment in energy, agriculture and infrastructure, according to the government’s account. He said the country’s offshore oil and gas discoveries should also lift other parts of the economy.

He promised sustainable growth and open, transparent management of the oil and gas sector. He added that Suriname’s offshore energy could help meet the energy needs of the wider Caribbean.

On security, he asked for closer US-Caribbean work against crime across borders, for maritime security and for protection against cyberattacks. He called for equal partnerships between the Caribbean and the United States.

Who Met in Washington

Suriname sent a delegation led by Bouva to the dialogue in Washington on Thursday 15 October. The government’s account does not list the other delegations or the full agenda.

On the sidelines Bouva met Christopher Landau, the US Deputy Secretary of State and the second-ranking official at the State Department. They discussed regional security, renewable energy and wider trade and investment, the Surinamese government said.

Landau has spoken about the region before. In August he said in Trinidad and Tobago that US ties with the Caribbean had fallen short, according to Caribbean National Weekly.

Who Is Asking

Suriname lies between Guyana and French Guiana and became independent from the Netherlands in 1975. Its president, Jennifer Geerlings-Simons, is preparing the country for its first offshore oil, as our earlier coverage describes.

Suriname’s state oil company, Staatsolie, produces oil on land, but no offshore field is producing yet. The US is already present: Chevron and APA hold offshore exploration contracts and Newmont has mined gold there since 2016, says the Congressional Research Service.

US goods exports to Suriname were about US$382.0 million in 2024, against imports of about US$90.8 million. The same report says Washington calls the relationship strong and growing.

Black-and-white view of the white colonial Presidential Palace in Paramaribo through trees
The Presidential Palace in Paramaribo, the capital of Suriname. File photo, 2024. (Photo: Junie609, CC BY-SA 4.0, via Wikimedia Commons)

The Oil Behind the Request

The first offshore project is GranMorgu, led by France’s TotalEnergies with US company APA Corporation as its 50-50 partner. The partners approved it in October 2024 at US$10.5 billion, with 220,000 barrels a day expected from 2028, according to World Oil.

Washington has shown interest before. Secretary of State Marco Rubio met the then president, Chan Santokhi, at the airport in late March 2025, Keynews reported.

Keynews reported that Rubio said a country should plan how oil and gas income benefits society, not only collect it. He said the US wanted a supporting role and that Suriname should keep a stable climate in which investors feel safe, politically as well.

For more on how the country sees its position, read our explainer on Suriname’s geopolitics. For the offshore workforce, see Suriname’s search for training partners before 2028.

What It Means for You

For US investors, the request shows Suriname wants US investment beyond the single large offshore project, including farming and infrastructure. Shareholders in US oil companies with Suriname exposure, such as APA, should watch for follow-up announcements rather than assume new money.

For US energy firms and suppliers, more US investment could matter as Suriname builds out its infrastructure ahead of 2028. Nothing in the announcement names a contract, a tender or a US company.

The security items on Bouva’s list were crime across borders, maritime security and cyberattacks. The Surinamese account gives no detail on any US commitment.

What Is Not Known

The Surinamese government’s account names no American company, no dollar amount and no timetable. It also does not say whether the US side made any commitment.

It is not clear which projects in agriculture and infrastructure Suriname has in mind. The announcement describes the meetings as talks about future cooperation.

What Comes Next

Suriname’s government says preparations for its 2027 chairmanship of CARICOM, the Caribbean regional bloc, began on 7 October with the installation of committees. The government’s account does not name a next meeting with US officials.

Frequently Asked Questions

What did Suriname ask the United States for?

Foreign Minister Melvin Bouva asked for more US investment in oil and gas, agriculture and infrastructure. He also asked for closer work on crime across borders, maritime security and cyberattacks.

Did the United States agree to invest in Suriname?

No contracts or financial commitments were announced. The talks were about future cooperation.

Who is Christopher Landau?

Christopher Landau is the US Deputy Secretary of State, the second-ranking official at the State Department. Bouva met him on the sidelines of the US-Caribbean Dialogue.

When will Suriname’s first offshore oil start?

The GranMorgu project, led by TotalEnergies and APA Corporation, expects first oil in 2028. Its approved cost is US$10.5 billion.

Sources: Government of Suriname, 19 October 2026; GFC Nieuws, 19 October 2026; Government of Suriname, foreign ministry news, 8 October 2026; World Oil, 1 October 2024; Congressional Research Service, 19 November 2025; Keynews, 28 March 2025; Caribbean National Weekly, 11 August 2026.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.