‘Royalties for everyone’: Suriname president plans to share oil wealth

All Surinamese adults to receive payment from recently discovered oil and gas reserves - no one will be left behind'

Suriname's president has announced a program of royalties for everyone" as the South American nation plans for a boon from recently discovered oil and gas reserves.

Suriname and its neighbor Guyana, both former Dutch colonies, expect to make billions in the years to come from rich offshore crude deposits. Earlier this month, Guyana announced all adult citizens living at home and abroad would received a payout of around 370 as part of an effort to redistribute its oil wealth.