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Region: The League of Conservative Nations

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The constitutional republic of zion

Malgax wrote:Official Communique Ministry of the Interior-Ministry of Foreign affairs

Upon Further review, due to the new international operations of the Malgan Petroleum corporation, the Malgan Ministry of the Interior and the Malgan Ministry of Foreign Affairs have decided to share their stocks within the the MPC, co-owning their 51% controlling share.
On the Matter of the Sequoyan's request for a price increase of 500CR and the creation of a combined Malgan-Sequoyan board for the management and setting of oil prices, Malgax will deny the former, and agree to the latter. As a counter offer, Malgax offers to raise the price per barrel by 400 Currac instead of the suggested 500. In regards to the Oil price board, Malgax suggests a 5 person council made up of 2 Sequoyans and 2 Malgans with an independent representative occupying the the fifth seat to avoid both an unfair majority for either nation and removing the chance of partisan deadlock paralyzing the council.

Sequoyah agrees to the terms. Admiral Adama places an immediate 40% tax on profits from the Gowen Iron and Petroleum company from this deal. Offshore oil drills and land-based oil wells are looking to hire more personnel for an immediate ramp-up of drilling. It is expected that 3 million barrells of petroleum will be produced weekly by the company now that demand for petroleum has ramped-up.

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