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Oil and gas companies


Staatsolie Maatschappij Suriname N.V., the National Oil Company of Suriname, is a vertically integrated state-owned company founded in 1980. It explores, drills, produces, refines, markets, sells and transports petroleum and products refined from it. Staatsolie also generates electricity and aims to use the production and supply of energy to meet the growing energy needs of our society.

Staatsolie, as one of the leading companies in our country, supports the Extractive Industry Transparency Initiative (EITI) and is committed to encourage initiatives for transparency on the full extractive resources value chain and to fight against corruption.

Statement of support

Engagement with the EITI

Staatsolie was part of the first steering committee to set up a multi-stakeholder group (MSG) with extractive industry companies and civil society organisations in Suriname. The company also actively participated in the process led by the government of Suriname to become a candidate country as of 24 May 2017. Since then Staatsolie has been an active member of the MSG for the oil and gas company constituency in Suriname.

Strengthening transparency

The company has produced an audited annual report, including its payments to the government. Since 2007, Staatsolie has been publishing its annual report on its website. Staatsolie’s 2019 annual report is available on Staatsolie’s website.  

Recently, the company launched its Corporate Governance Code, which is a set of guidelines for good governance.

For more information of Staatsolie’s participation in the EITI please contact Daniela Herkul, Counsel Upstream & Corporate Secretary at Staatsolie. 

Learn more about the company's sustainability efforts.

Company assessment

Download the results of the 2023 assessment of company progress in meeting the Expectations for EITI supporting companies.

EITI countries