05-01-2025, 06:11 AM
Wirtschaftsnachrichten für Artania
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Dorvik and Lodamun agree to lifting tariffs, sending a boom for Dorvish oil.
June, 5594
Foreign Minister Augustin Gerstner confirmed that that Harrington Company, based out of Lodamun, had lifted the tariffs on Dorvish energy exports. Officials from the Foreign Office, the Natural Resources Technical Management Corporation and the NordOl corporation met with Harrington Company officials to discuss the next steps. Dorvish oil, which are indexed as "Northern Oils" which includes Dorvish extracted and refined oil and natural gas from the Falristan Sands and the Althorcaea Shelf, remain a potent source of oil, petroleum products and natural gas for Artania and parts of the world. While Dorvik is considered to be a "Tier 2" producer of oil, natural gas and petroleum-based products, the access to the Hutorian resources prompted them to become a major exporter of oil, natural gas and petroleum-based products. The CEO of NordOl AG, Eugen Vogelweide, confirmed that they would be negotiating with the Harrington Company in regards to pricing. "We're eager to work with Lodamun to discuss new avenues of cooperation when it comes to energy supply to Lodamun." The Dorvish stand to benefit massively from the lifting of tariffs and the expansion of a new market, which has largely been small due to the increased tariffs. Northern Oils have always traded slightly lower in overall price compared to the standard, Bier Qassem Crude which as of January, 5594 was hovering around $72.97 with Northern Oils trading at around $70.44; it is possible that in return for favorable or "majority" purchasing from Dorik, they will provide a "special price" for Lodamun.