Other payment flow to /income of the Government

Other payment flow to /income of the Government

Income of the Government other than Legal and Fiscal based can be reported by each reporting company on specific circumstances and/or arrangements. For 2017 the following payment flows to the Government have been identified in the reporting and reconciliation phase:

Table 4 4 Other Payment to the Government by RGM and Staatsolie
√= applicable; / M: material/ D= to be disclosed

Payments towards NV1 by RGM

With reference to requirement 4.2, the following financial situation applies to NV 1, which is an SOE, and the GOS: RGM should pay NV 1 for acquiring of the Saramacca concession from NV1.

The terms and conditions for this acquisition of the Saramacca Concession as agreed between RGM, the Republic of Suriname and NV1 are laid down in the Letter of Agreement (LOA) dated August 30, 2016, as amended on December 12, 2016 (1st Amendment LOA) and as further amended December 8, 2017 (2nd Amendment LOA).

These payments and the conditions will be disclosed in section 5.2.3 for 2016 and 2017.

Payments made by Staatsolie to GOS

These payments made by Staatsolie to GOS differ from those listed in table 4.3 and arise from a specific financing relationship between GOS and Staatsolie. These payments and the conditions will be disclosed in section 5.3.3 for 2016 and 2017.

2020-02-12T00:53:55-03:00Thursday 23 January 2020|EITI Suriname Report 2017|