The development stages:In operation/2016-06.The investment is US$700mn.The modernization of Suriname's Tout Lui Faut refinery entails construction of a new refinery to process high quality fuels from Saramacca crude, including premium diesel, gasoline, fuel oil and asphalt bitumen, for local sale. Sulfuric acid will be produced for export. Throughput will increase to 15,000b/d from 7,200b/d and cut dependence on imports. Italian contractor Saipem holds a US$424mn EPC contract for the US$700mn overhaul.