Gaduridos

[Elena1012]

Expanding the oil industry; The first step to the PED Phase One.
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November 9th, 5725
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The oil industry in Gaduridos remains one of the most vital and tightly regulated industries in the economy. With PeGad being a major employer, it's no surprise that the oil industry is vital to the Gaduri economy, and with the PED being formally adopted as an economic doctrine, the de la Cruz administration is looking to begin Phase One, and it starts with investments into various strategic industrial sectors, and what better route to start with than the oil sector, which did receive modernizations earlier this decade, so it's not only more efficient but cheaper to expand. As such, significant investments will go into the expansion of the oil sector to ensure it isn't purely reliant on just extraction and exporting.

As such, the first step to that, is expanding refining capacity, such as refineries. After all, if we produce our own oil, we might as well refine it domestically to support local economies. Alongside this, petrochemicals. Whether it be plastic production, fertilizers, synthetic materials, or industrial chemicals, petrochemical jobs will be vital and also will assist in diversifying the oil industry significantly. Because most of the oil industry is dominated by the state, the state will take the initiative in paying for these expansions (most especially for PeGad). Whatever the case, diversifying the oil industry will only provide positives for the economy and especially for local Duchy economies.

Of course, this is just the start to Phase One, which will require investments into agriculture, as well as steel and iron and that's just for phase one. The PED will certainly be a long and arduous plan, but it will most certainly pay off if enacted well. Whatever the case, the first step is often the one that seems insignificant.
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In Other News;

Partido de Acción Verde (Green Action Party) forms; Peculiar platform calls for environmentalism and anti oil efforts.

Efforts to form a farmers party fails to gain traction; Farmers largely remain behind PSSG.
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El Mensajero de la Mañana (Morning Courier) is the nationwide daily morning newspaper, located in Ciudad de Gadur.