During the past 28 years Staatsolie has developed from a grass-roots operation into an integrated oil company, contributing significantly to the Surinamese economy. Nowadays, Staatsolie explores for, produces and refines crude oil. The various petroleum products are sold in Suriname and the region. Since 2006 the company owns and operates a 14 Mega Watt power plant. Besides its own onshore operations, Staatsolie as agent for the State, actively promotes the hydrocarbon potential of Suriname, and monitors petroleum agreements on behalf of the State.