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Suriname's president warns against lavish spending even as country makes another oil discovery

Suriname president Chandrikapersad Santokhi has warned against lavish spending in the future as oil companies predict that the Dutch-speaking CARICOM country could receive an estimated US$50 billion in revenue from three major oil finds over the next two decades.
 
On Sunday, oil company officials, announced a third oil discovery along the coast of Suriname.
 
Mr. Santokhi said the expected revenue would not make the country rich and prosperous and there will be no wealth if the other sectors of the economy are not able to benefit.


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