Badara

[Drax]

FOREIGN MINISTER ANNOUNCES OIL TRADE ARRANGEMENT WITH ISTALIA


Foreign Minister Hakim al-Sabah
 
MANARA  ALBRAYD SRIA AL-MUSAMI
(IF it’s in the Monsoon, it’s got to be true)
 
Foreign Ministry, November 17, 5645:  In view of the optimism surrounding the State Visit of Istalian Emperor Alessandro V and Minister Secretary of State Annalisa Saragat, the Monsoon caught up with  Foreign Minister Hakim al-Sabah after he had welcomed new Ministry employees recruited after their graduation and asked him if anything concrete had developed with Istalia. He replied:
 

Certainly think so. The Istalian Emperor Alessandro V and Minister Secretary of State Annalisa Saragat were welcomed by the whole Sovereign People of Jumhuriat al-Badara. All of us want to renew the close friendly ties we once had.  They met with Chsancellor Khalifi al-Qassem and me for discussions of working together on trade, security and energy.
 
A truly positive development has been the Istalian National Congress re-establishng all civil, political and cultural protections for the Majatran Minority in Istalia  including the remaining limitations on military service. We are very aware this was not an easy step for them.
 
We have also worked out an arrangement which should greatly enhance the energy security of Istalia.  As you know all our oil reserves belong to the Sovereign People of Jumhuriat al-Badara. They are exploited by the state owned corporation Petroleum Development of Badara (PDB) which extracts and sells crude oil, leases drilling and exploitation rights to individuals and businesses that are Badaran subject to royalties.
 
The arrangement made allows Istalian petroleum businesses to buy crude oil from PDB, oil reserve lessees, and companies such as Qat Oil Services (QOS) that does actual exploration, drilling, extraction and marketing for a great many lessees.  Further Istalian businesses may purchase refined petroleum products and liquefied natural gas from Majatran Refining Company.  Also, its oil drilling and marketing companies may sell their services to oil reserve lessees.
 
Most important, to the extent the domestic petroleum and natural gas needs of Istallia are not met by access as heretofore described, PDB will insure that these oil and natural gas needs are supplied in preference to all others except our own domestic demands which are quite modest since we are a quite small country.
 
The royalties and lease rental fee profits  go into a fund to insure the health, retirement and other benefits due our citizenry are fully funded; the health of this fund is assured by this arrangement.
 
We have not forgotten that when we were reentering the petroleum business 800 years ago, it was Istalia’s petroleum exploiters tat provided the expertise for us to get in the game.  We are very glad for our renewed economic partnership.