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Petroleum Sources Through Seismic Studie
EN

Project Detail

Country

Regional

Project Number

RG0029

Approval Date

March 26, 1981

Project Status

Closed

Project Type

Loan Operation

Sector

ENERGY

Subsector

ENERGY

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

ESP (Specific Investment Operation)

Facility Type

-

Environmental Classification

-

Total Cost

USD 35,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 35,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
398/OC-RG Sovereign Guaranteed USD - United States Dollar Ordinary Capital Single Currency Facility
Operation Number 398/OC-RG
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Single Currency Facility
Publications
Published 2020
Suriname in Times of COVID-19: Navigating the Labyrinth
Suriname is facing severe macroeconomic disequilibrium characterized by large fiscal and external imbalances and a sharp decline in economic growth. Although the country is in a precarious economic situation in the short term, there are high expectations that recent developments in the oil sector will make an important contribution to economic recovery over the medium term. However, much work on policy reforms is needed to put Surinames economy on a sustainable path. In the coming years, policy makers have the salient task of strengthening the countrys macroeconomic policy framework and related institutions to prudently manage any proceeds from the oil sector as well as the countrys natural resource wealth. This will be important to restore and sustain macroeconomic stability, advance on socioeconomic outcomes, and stimulate competitiveness in the private sector. The COVID-19 pandemic has also elevated longstanding issues such as the lack of digitalization and Fintech and inadequate infrastructure, all of which have become even more critical to inclusive growth and development as the pandemic continues. This note examines the ongoing impact of the COVID-19 pandemic on Suriname and highlights some opportunities to achieve macroeconomic stabilization and to prepare the private sector to navigate the pandemic and support inclusive and sustainable socioeconomic recovery for Suriname.
Blogs
Published 2020
Negative Oil: What Is behind the Negative Oil Price?
“Oil is at a negative price, -US$37 a barrel.” Those were the headlines on April 20. A negative price for oil? That makes no sense many friends told me. To understand this, let’s take a few steps back. There are two standard prices for the global oil market. In the United States, a futures market
Blogs
Published 2020
Petróleo negativo: ¿qué hay detrás del precio negativo del petróleo?
“El petróleo llega a precios negativos de -US$37 el barril.” Ésos eran los titulares el 20 de abril. ¿Un precio negativo para el petróleo? Muchos amigos me decían que no tenía sentido. Para entender lo que pasa, demos unos pasos atrás. Hay dos precios estándar para el mercado global del petróleo. En Estados Unidos, un
Publications
Published 2021
Reverse Causality between Oil Policy and Fiscal Policy?: The Venezuelan Experience
This paper uses a model of intergenerational accounting to simulate the intergenerational distribution of oil wealth in Venezuela. Venezuelan oil production does not seem to follow an optimal extraction path. Nevertheless, this is true if we do not consider what the government does with the resources received from the oil sector. In this paper we explored the interaction of oil policy and fiscal policy using an intergeneration accounting model. We found that these interactions could explain certain outcomes. In particular, the model could explain why the sector was open for investment in 1991 and then “re-nationalized” in 2001. Results suggest that when fiscal policy could leave an important burden to future generations, voters seem to favor a more tax oriented oil policy, leaving the oil in the subsoil.
Blogs
Published 2022
La energía renovable es más barata y menos contaminante, ¿pueden los gobiernos acelerar la transición?
Imagina tu día en el futuro. Te levantas para preparar tu desayuno en una cocina de inducción eléctrica, que, al igual que todos los electrodomésticos de tu casa, funciona con electricidad procedente de los paneles solares que tienes en tu tejado. Luego, vas a trabajar en tu bicicleta eléctrica o en el tranvía que funciona gracias a la energía de un parque eólico situado en las afueras de la ciudad. Un día más sin huella de carbono. Lo mejor de todo: el precio. La energía renovable es tan barata que no te cobran por la cantidad que consumes. En su lugar, pagas una pequeña cuota mensual que no se ve afectada por los precios internacionales del petróleo o las guerras. Tendrás la luz siempre encendida, ¡aunque pase un huracán!
Blogs
Published 2020
Caminhos para o licenciamento ambiental de petróleo e gás offshore avançar no Brasil
Entre o enorme potencial apresentado pelo setor de petróleo e gás (P&G) offshore (ao longo do litoral) no Brasil e seu desenvolvimento pleno, seguro e ambientalmente responsável há, literalmente, um mar de oportunidades de aperfeiçoamento. Promovê-las permitirá ao país tirar proveito e, ao mesmo tempo, proteger a sua “Amazônia Azul” (saiba mais sobre o conceito no fim deste texto).
Blogs
Published 2022
Boosting Trade to Alleviate Pressures from the Russia-Ukraine Conflict
When war broke out between Russia and Ukraine at the end of February, businesses and governments in Latin America and the Caribbean worried that the war’s disruptions would cause significant harm to the region’s trade. What now seems clear is that rather than being deeply harmed, Latin America and the Caribbean has a significant opportunity
Blogs
Published 2023
¿Es posible alcanzar la descarbonización de la región Andina para 2050?
Los compromisos globales para reducir las emisiones de gases de efecto invernadero (GEI) impulsan una transformación en los procesos de producción hacia tecnologías más limpias y sostenibles, desplazando los combustibles fósiles por energías renovables. La reducción del uso de fuentes de energía como el carbón, petróleo y gas, y la adopción de tecnologías limpias y
Blogs
Published 2021
¿Están los combustibles fósiles de América Latina en riesgo de convertirse en activos abandonados esta década?
La reciente imagen apocalíptica del océano en llamas en el Golfo de México a raíz de la explosión de un gasoducto nos hizo recordar al Señor de los Anillos. Sin embargo, la dependencia del mundo en los combustibles fósiles y su desastroso impacto en el calentamiento global y en el medio ambiente está lejos de
Blogs
Published 2020
Formas de avanzar en la concesión de licencias ambientales de petróleo y gas en el Brasil
En el estudio se analizan procedimientos similares en países con una importante producción de petróleo y gas offshore y se examina la evolución de los procesos de concesión de licencias ambientales en el sector del petróleo y gas offshore en el Brasil, con recomendaciones para su mejora. Brasil es un país con características marinas. Tiene
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