Luthori

[Ligbruderkrieg]

---

Luthorian Petroleum jumps in controversial oil bidding process in New Englia; join hands with Luthorian banking.
November 5711

---

Fort William - Luthori's state-owned oil company, Luthorian Petroleum has, for the first time, publicly addressed its interest in acquiring the resources exploitation rights in the new Rossfadda oil fields in New Englia.  

Luthorian Petroleum’s CEO Kim Ann-Hyung has announced the company’s intention on Wednesday. She said that Luthorian Petroleum’s bid was encouraged to answer the company’s growing interest in international cooperation in oil refinery and extraction operations.  

“We have addressed our interests in one of the two-term contracts that the New Englian government laid forward for the exploitation rights of the Rossafadda oil fields”, said Mrs. Ann-Hyung, when announcing Luthori’s bid. 

Luthorian Petroleum is already engaged in long-term extraction operations in both Hobrazia’s small oil reserves in collaboration with Hobrazian firms and in the South Ocean. While Fort William’s rethoric has slowly been turning against the expansion of the petroleum lobby, with former Prime Minister Seddon openly discussing Luthori’s overreliance on fossil fuels on the campaign trail in 5704 – with some considering this stance as the reason for the Conservative minority following this election cycle. 

When assuming office as Luthorian Petroleum’s CEO, she, alongside Chairman Joseph Loon-Fellinger, announced “serious reforms” to the company’s focus, now LP will be focusing on the expansion of international oil operations, alongside local partners. 

“In New Englia, we’ll work with Petroenglia, of course, in a mutually beneficial agreement on the exploitation of these oil fields”, she said when asked about the specifics of Luthori’s bid, she moreover added that the Luthorian bid was aiming at “securing co-prosperity between the New Englian and Luthorian people”.  

If the Luthorian Petroleum bid was successful, the multinational corporation would assist in the extraction of the relatively untamed oil reserves in the Red Bass Ocean. Besides, Luthorian Petroleum will also help with the exportation of said ressources through Luthorian shipping corporations. The bid was also joined by Luthorian banking, which supported the LP’s bid in New Englia. 

Luthorian banking promised billions of pounds of additional investment in New Englian education, economic sectors, tying said investment with LP’s bid in the country’s oil reserves.  

“Investments and Luthorian help on oil extraction and exportation shall be a great way for New Englia to continue developing its economy by avoiding the same old mistake that every oil-rich nation does, becoming reliant on it.” said Professor Jay Livingstone of the University of Fort William. 

This offer received cautious support from 10 Crown Street, the Luthorian government seemingly eager to push for the LP bid, which would help the company's development and be a great boost on bilateral ties with New Englia.