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Bill: Kalistani National Petroleum Company (KALNAPECO)

Details

Submitted by[?]: Socialist Party of Kalistan (SPoK)

Status[?]: passed

Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.

Voting deadline: July 3913

Description[?]:

This Bill hereby formally nationalizes the exploration, extraction, refinement and distribution of all petroleum and petrochemical resources in Kalistan and in all sovereign national territorial waters off Kalistani shores.

Major Deposits covered by this Act include:
* The Ananto Formation in the Anantanese Ocean
* The Suldanor Formation

This Bill also directs the Finance Minister to allocate funds sufficient to open, fully staff and operate for a contract term of 10 years a National Oil Refinery at or near Sulari, Suldanor, with automatic renewal, pending waiver of optout. The refinery should include a modern port facility capable of receiving large scale modern oil tankers from the Ananto Formation, as well as expanding the Suldanor overland Infrastructure to include rail and pipeline to the refinery from the Suldanor Oil field. The Finance Minister will furthermore allocate all necessary funds to purchase, construct or contract for all infrastructure needed to take petroleum and petrochemicals from the Ananto Formation to the refinery, as well as transport refined petroleum across Kalistan and/or ship petroleum to foreign ports. Only Kalistani ships and pipelines may carry petroleum within Kalistan, and only Kalistani ships may transport KALNAPECO petroleum products to foreign points of sale. Direct sales from the National Oil Refinery at Sulari, Suldanor, to foreign purchasers is not permitted.

The Ministry of Industry shall oversee the operation and the maintenance of KALNAPECO. Petroleum refined at the Suldanor National Oil Refinery will be designated to supply local demand first and shall be sold to Kalistani distributors at cost. Any surplus will then be offered to the world market at market prices.

KALNAPECO will adopt the dual economic system with regard to management. Stock will be publicly traded on world markets. The Kalistani Republican Government will control 51% of all stock released, and the remaining 49% of the stock will be available to be sold with preference to Kalistani investors. The corporate structure of KALNAPECO shall imitate all other Dual Economy structures, with more than half of all officers hired from existing employees, who themselves are subject to Employee votes of confidence, while the remaining offices are filled by the stockholders, or their representatives on the Board of Directors. The Chief Executive Officer will be directly elected by the Employees of the Company, while the Chief Financial Officer will be appointed by the Stockholders.

The Government of Kalistan is hereby prohibited from transference of any of its stock in the company into private ownership or trusteeship. In the event that Kalistan seeks to divest itself of its controlling interest in the firm, the entire company shall be considered liquidated, and all operations in regards to exploration, extraction, refinement and distribution of Kalistani Petroleum and petrochemicals from Kalistani deposits shall cease.

Proposals

Debate

These messages have been posted to debate on this bill:

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Voting

Vote Seats
yes
  

Total Seats: 750

no

    Total Seats: 0

    abstain

      Total Seats: 0


      Random fact: The Real-Life Equivalents Index is a valuable resource for finding out the in-game equivalents of real-life cultures, languages, religions, people and places: http://forum.particracy.net/viewtopic.php?f=11&t=6731

      Random quote: "The answer to global warming is in the abolition of private property and production for human need. A socialist world would place an enormous priority on alternative energy sources. This is what ecologically-minded socialists have been exploring for quite some time now." - Louis Proyect

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