29-10-2024, 12:40 AM
Wirtschaftsnachrichten für Artania
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NordOl and Kanjorian government agree to new oil deal.
January, 5561
Dorvish and Kanjorian officials met to solidify a trade deal that would send approximately 100m barrels per year, a major export deal for the Kingdom as it seeks to regain its economic dominance in the northern energy game. According to the Organization of Petroleum Exporting Nations (OPEN), Dorvik is listed as a "Tier II" producer, as most of its wealth comes from the White Ocean that is claimed as Dorvik's exclusive economic zone (EEZ), and has been dominated by the Dorvish Natural Resources Technical Management Corporation for centuries. Northern Oil's (Dundorfian: NordOl) representatives announced the opening of an office in Kanjor and the news prompted an uptick in the Dorvish Stock Exchange (DSE) and the Wasse Mercantile Exchange (WSE). According to NordOl, the Dorvish produce approximately 2m barrels per day, fluctuating due to demand, leading amongst the Tier II producers according to data from OPEN. Kafuristan, the leading producer as of December, 5561, produces approximately 11.7m barrels per day as it seeks to develop its oil and natural gas infrastructure in the wake of the restoration of the Majalite Kingdom. Dorvik has ramped up production as the situation in its northeastern counter-parts remains dire, and should the Dorvish go full tilt with production, they can produce approximately 2.9m to 3m barrels per day at maximum capacity, but according to the NTVS that would be "unsustainable" for significant periods of time.
The deal also sheds new light on continued relations between Dorvik and Kanjor. The Dorvish have sought continued investment into "hard infrastructure" in Kanjor, approximately $1b LOD worth of investments have flooded into "hard infrastructure" projects throughout Kanjor, mostly in the transportation infrastructure sector and with the news of the oil deal, the Dorvish will seke to bolster investment into port terminals and infrastructure related to oil transportation. The Dorvish will look to expand to include LNG (liquid natural gas) in future trade deals with Kanjor.