Royal Caven Petroleum: Difference between revisions

 

In 2017, following the annexation of the [[Kohatu Isles]] by [[the Oan Isles]] in the aftermath of the [[Kohatu War]], the Oan Petroleum Corporation (Oan Oil) entered into a joint venture for the exploration and exploitation of the natural gas and petroleum resources located in the Greater Gemica Natural Gas and Oil Reef which spanned the Territorial waters of the Kohatu Isles and East Gemica (Free Pax States) called Greater Gemica Oil and Gas Plc. The half of Greater Gemica Oil and Gas Plc owned by the [[Politics of the Oan Isles|Oan government]] through Oan Oil was transferred to the Kohatu Sovereign Wealth Fund in 2020, leaving Royal Caven Petroleum as the remaining shareholder. Royal Caven Petroleum was enlisted as a partner to develop the natural resources of the reef due to its experience, expertise and capital. Its share is through its contribution of the physical and human capital while Oan Oil paid through a financial capital injection.

 

[[Category:Companies]]