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Suriname's Staatsolie needs to raise $1.5 billion for major energy project in 2025

Reuters
Summary
Nutrition label

79% Informative

Suriname's Staatsolie needs to secure $1.5 billion in bank financing this year to participate in the country's Gran Morgu energy project.

The state-owned company wants to partner with TotalEnergies and APA Corp in the project, to be developed at Block 58 .

The project's development is expected to cost about $12.2 billion in real terms.

The company may need to raise even more money in coming years if it decides to invest in natural gas project.

VR Score

90

Informative language

96

Neutral language

70

Article tone

formal

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English

Language complexity

47

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not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

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short-lived

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