Staatsolie Closes 2025 on Strong Note, Looks Forward to Pivotal 2026 [Yahoo! Finance]
TotalEnergies SE Ordinary Shares (TTE)
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Source: Yahoo! Finance
With offshore developments advancing and institutional frameworks taking shape, the coming year will be closely watched by investors, operators, and policymakers alike. State-owned Staatsolie closed 2025 on a strong note. The company expects revenue of about $802 million and pre-tax profit of roughly $418 million, supported by oil production of 6.35 million barrels and refinery output of 3.1 million barrels of diesel and gasoline. Staatsolie's total contribution to the state is estimated at nearly $387 million—around 32% of government revenues—while its contribution to GDP is put at about 9%. Production from the Saramacca field held steady at an average 17,400 barrels per day, while the refinery exceeded targets and delivered its first commercial sulfuric acid to Suralco. Power subsidiary SPCS supplied 69% of the electricity demand in Paramaribo and the surrounding areas. Offshore, the GranMorgu project in Block 58 remains the centerpiece of Suriname's oil ambitions. Led by TotalE
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TTE
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