Nadiya

[Svetlana]

Nadiya to temporarily cut back oil production in order to stabilize prices, Brakav and Radin begin industrial investments: tightening the black belt

Petrograd, Kozacchyna. Given the continued trend of oil prices decreasing globally ever since Nadiya joined Vamaj, the central government finally stepped into action to handle the issue. At first, the Nadiyan Commission of Petroleum, Natural Gas and Refinement held a press conference in which its commissioner, Nina Savivna Rud announced that all oil and gas companies operating within Nadiya will forced to scale back their oil quotas in order to help stabilize the oil prices, the decision most notably targets Nadcomp who has already announced that they will reduce the number of barrels extracted by their exploitation sites. Petro Royale has also announced that they will too refrain from over producing and that they will cooperated with the NCPNGR in their goal to stabilize the oil markets, Neftkomp alongside the Pontesi oil company haven't made their opinion public but many expect them to fall in line because of the high fines the Comission set up if oil production wasn't reduced. Furthermore, Commissioner Rud announced that Vrosnok will receive extra funds through the Nadiyan Commission of Confederal Economic Equity which helps the constituent republics close up their budgets through loans from the NCB. Furthermore, the Chief Executive Snezana held a meeting with the presidents of Brakav and Radin in which they discussed plans for the central government to invest even more in those republics with Brakav wanting to focus on lightweight industries such as cars, food manufacturing, etc, while Radin wants to invest into the IT sector given their rich silicone and REM resources that would help make that industry flourish more easily thus helping the central government in their mission to diversify the Nadiyan economy.