• Wednesday, October 09, 2024
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Nigeria slumbers as TotalEnergies pumps $10bn into Suriname

Nigeria slumbers as TotalEnergies pumps $10bn into Suriname
Africa’s biggest oil producer is struggling to attract investments into its energy sector whereas Suriname, a tiny South American country, is getting serious investment attention from one of the biggest oil majors in the world, TotalEnergies. With a population of about 700,000 and less than 1 percent of Nigeria’s gross domestic product (GDP), Suriname has recently discovered significant offshore oil reserves, positioning it as a rising star in the global energy market, thanks to favourable, attractive investment conditions. Meanwhile, Nigeri