Staatsolie Maatschappij Suriname N Vis A State Owned Energy Company Based In Paramaribosurinameestablished On December 131980It Plays A Vital Role In Managing The Country S Hydrocarbon Resourcesthe Company Operates As Both A Commercial Enterprise And An Institutional Arm Of The Statefocusing On Evaluating Offshore Hydrocarbon Potential And Negotiating Petroleum Contracts With International Oil Companies Staatsolie Is Involved In Various Operationsincluding Onshore And Offshore Oil Explorationdrillingand Crude Oil Productionit Also Operates Refineries To Process Crude Oil Into Petroleum Products And Generates All Renewable Energy Consumed In Surinameadditionallythe Company Has Interests In Gold Mining Through Partnerships With International Firmsin 2019Staatsolie Reported $500 Million In Revenue And Employed Over 1 100 Personnelmaking It A Key Player In Suriname S Energy And Mining Sectors
