25-10-2024, 04:16 PM
Kafuri Majatran News Agency
Kanjor and Kafuristan sign major oil trade deal.
March, 5560
al-Kasraj, Abi'nadi - Officials from Sharnaft joined in welcoming the deal signed with Kanjor for the supply of up to 225m barrels of oil annually, expected to bring in billions in revenue for the corporation and provide the Kafuri people with numerous benefits. Sharnaft and the government of Kanjor agreed to a limited price band that the oil will be kept within, depending on market conditions. Officials from Sharnaft visited Kanjor over the period of a week and were joined by the Kafuri Ambassador to Kanjor, Abdur Razzaaq el-Anwar, to develop this deal. While the deal for oil was discussed, the ambassador noted that the two governments would seek to develop further economic ties. Kafuristan and Kanjor, close in proximity to each other but on different continents, have historical had relatively neutral relations. The ambassador said that they intend to change that and develop wider cooperation, notably in the field of economics and local regional security.
The Organization of Petroleum Exporting Nations (OPEN) welcomed the news and Secretary-General of OPEN, Dhareef el-Moradi, and stated that Kanjor restoring its position as a top tier oil and natural gas producer was key to the international economic situation stabilizing. Kafuri oil, known commonly as "Majatran light", is a light, sweet crude oil that is entirely extracted and refined within Kafuristan, leading to significant reductions in cost for customers as well as providing top of the line oil and other petroleum products for its customers. Bier Qassem Crude cost has risen due to the increase in global tensions, reaching a high of $90.43; Majatran light remains slightly less expensive at $88.91 a barrel.