Annual Report 2009

The global economic recession of 2009 had a major impact on the business environment of Staatsolie. The reference price for Staatsolie.s crude oil, USGC Fuel Oil No.6, 3% S, decreased from US$ 72.56 per barrel in 2008 to US$ 55.86 per barrel in 2009 (23%). With regard to the operations this price development had a major impact on revenues and profits of Staatsolie. Besides, international and regional banks stepped up their risk profile and were reluctant to finance investment projects, especially in emerging countries. This is of relevance, with regard to the expansion, as Staatsolie is implementing the investment program 2008?2012 of approximately US$ 1,000 million of which US$ 275 million will be secured in the regional and international market.

Download Annual Report 2009 here
(pdf - 2.090 kb)


Staatsolie Magazine
Take a look inside the world of Staatsolie. Our quarterly, bilingual (Dutch/English) magazine Staatsolie Nieuws provides news, backgrounds and other info about the company. The June 2010 edition is now available. Download Staatsolie Nieuws June 2010 here (pdf - 4 MB) Previous issues available here

Vision and Values

Values

Excellence
We shall be strong result-oriented and strive for continual improvement in everything we do. We shall meet or exceed the product quality that our clients expect.
Integrity
We shall be honest and transparent in our dealings with employees, clients, suppliers, shareholders and the community in which we work.
Employee-focus
We consider our employees the most distinctive factor to our success.
Growth
We shall focus on continuous growth and maximize shareholders value.
Public spirit
As a responsible member of the community, we shall base our business principles on sustainable development and regard for the environment. Moreover, we shall make a strong contribution to the advancement of our society.

Vision

The core business of Staatsolie is the development of energy resources. Activities include exploration, development, production and refining & marketing of hydrocarbons and the generation of power. Staatsolie may pursue other business opportunities, if these are aligned with its business vision. To this end the following vision has been formulated.

Staatsolie Vision 2020

Leading the Sustainable Development of Suriname's Energy Industry.
Making a Strong Contribution to the Advancement of our Society.
Becoming a Regional Player with a Global Identity in the Energy Market.

Specials

Realization of a Dream: Staatsolie, a Model for the Development of Natural Resources in Suriname By Edddy S. Jharap, former Managing Director of Staatsolie

Summary
In order to obtain development and prosperity, we cannot continue to have the hands out, but have to work ourselves. Eddy Jharap shows with an example from his own, how a descendant from indentured immigrants, born in an illiterate and poor family, have built a non traditional, but technological advanced petroleum company, Staatsolie, almost from scratch, in a politically turbulent small developing country, Suriname, South America.
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Job Openings / Vacatures

At this moment there are no job openings

Momenteel zijn er geen vacatures