Suriname’s oil Affordable housing
find brings new
hope to economy
like Tullow Oil and Repsol which have
been active in Suriname had been waiting
on such a moment for decades especially
because industry experts had long
declared the Guyana-Suriname Basin as
containing one of the largest untapped
reserves in the world decades ago.
The find now means that like Trinidad,
Suriname has found oil reserves
both on and offshore. Its onshore wells
currently produce about 16,000 barrels
daily of high sulphur content oil but
Apache says that the black gold from
the Maka-I well is sweet light crude
similar to that found across the border
with Guyana. This type requires less
refining than those with high sulphur
content and largely fetches higher prices
on the international market.
Additionally, the discovery also
means that the country could breathe a
collective sigh of relief after a string of
dry holes that both Staatsolie and Texas
based Kosmos Energy have encountered
in recent months.
The news comes just over a week
after Suriname took control of a major
hydroelectricity project from US-based
Alcoa bauxite company after nearly 100
years. The dam produces about 180
Caribbean L 14 ife, JANUARY 10-16, 2020
megawatts of power for the national
grid.Rufolf Elias, director of Staatsolie,
said the find could change the economic
circumstances of the country
of about 500,000 people. The country’s
economy has been taking a beating in
recent years largely because of declining
bauxite production and fluctuating
prices for gold and rice, the major
exports.
“We have been waiting for this
moment for years,” said Elias. “Let’s
see if we, like Guyana, also get discovery
after discovery. This is of course
wonderful. It is especially for my children
and children’s children that I am
happy.”
Continued from Page 1
commitment to create 4,000 units of
affordable housing in Central Brooklyn
. Cuomo said the Kingsbrook Estates
will offer affordable housing and a wide
array of health, wellness, employment
and support services for residents and
the broader community.
“The transformation of the Kingsbrook
Jewish Medical Center North
Campus is the latest step forward in our
effort to revitalize Central Brooklyn with
a $578 million investment in affordable
housing,” said Cuomo in making the
announcement. “The new Kingsbrook
Estates will be an outstanding development
that delivers top-quality affordable
housing and much needed health and
social services to residents of Central
Brooklyn.”
As part of the proposal, the governor
said three existing buildings on the
102,000 square-foot Kingsbrook Jewish
Medical Center North Campus will
be demolished and replaced with two
newly-constructed buildings.
The Leviton Building, another building
on the campus, will be redeveloped
from hospital use into housing units,
he said.
Cuomo said the final development
will be 266 apartments in three buildings,
with units affordable to a range of
income levels.
He said residents will include older
adults and disabled veterans.
“There will be access to health and
wellness classes, vocational training and
employment skills development, physical
activity programs and integrated
care,” he said. “On-site amenities will
include a therapeutic garden, outdoor
exercise equipment, walkways, children’s
play areas, outdoor kitchens and grills,
as well as an indoor teaching kitchen.”
Additionally, Cuomo said the development
will provide a nurse’s station,
with on-site services and counseling
space, fitness, activity, and community
rooms, lounges, laundry rooms and bike
storage.
The governor said free Wi-Fi will
also be provided in residential units
and throughout the campus, “which
is a hallmark of Vital Brooklyn’s commitment
to increasing internet access
across Central Brooklyn.”
He said One Brooklyn Health System
(OBHS) and Kingsbrook Estates will also
provide all-inclusive care for the elderly
in the development’s 7,000 square-foot
PACE Center.
These services will be available to residents
of the development and the surrounding
community, Cuomo said.
He said the development will include
a host of energy efficiency strategies,
such as Enterprise Green Communities
Certification, addressing more than
three times the energy savings requirement.
Continued from Page 1
President of Suriname, Desi Bouterse.
Associated Press / Andres Leighton
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