Energy trading group eyeing Guyana-Suriname basin

Liwathon Group, which operates petroleum terminals and trades crude and refined products, is looking at opportunities in Guyana and Suriname.

Suriname’s government made the announcement following a meeting between President Chandrikapersad Santokhi and a delegation from the Estonian company led by chair Edmund Rowland.

Cooperation would include working with the South American country’s national oil company Staatsolie.

BAHAMAS RELAUNCH

The meeting followed the relaunch of the Liwathon South Riding Point terminal in East Grand Bahama that Liwathon acquired from Equinor in 2023.

The terminal’s storage capacity is 1.1Mm3 or 6.88Mb across 12 tanks which handle dark and light petroleum products, as well as blend crude oil and refined products.

The infrastructure includes an offshore jetty for discharging and loading of crude oil between vessels.

Also read Liwathon Receives Loan Guarantee from EXIM for the Relaunch of Liwathon B.O.S. Terminal in Bahamas