Contract Disclosure in Hydrocarbons

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Contract Disclosure in Hydrocarbons

No PSCs were signed in 2016 with IOCS, therefore no disclosure is mentioned. Staatsolie emphasizes that, based on the Petroleum Act, they are entitled to conclude commercial contracts with IOCs which therefore are not publicly available. However, Staatsolie has the PSC-model 2017 and the ‘open door invitation’ on its website.

There are no Government rules that regulate the transparency of these contracts and other contracts in general nor in the context of EITI-reporting.

2019-12-20T09:57:14-03:00Friday 20 December 2019|EITI Suriname Report 2016|