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by Siberiia. . 11 reads.

2021 Indo-Arabian Oil Deal

PARTIES
  • Siberiia | The Hashemite Caliphate

  • Indian commonwealth | The Commonwealth of Indian States

  • The democratic republic of yemen | The People's Democratic Republic of Yemen


TERMS
  • Arabia will sell 5.75 million barrels of unrefined petroleum per day to India at a 5% discount from the current market price

  • If Arabian oil prices are to fall below $20 per barrel, India will continue to buy at $20 per barrel until the price moves above this limit

  • Yemen will allow India to open a naval base in Yemen

  • India will work with Arabia to construct the first-ever Hashemite Caliphal aircraft carrier

  • Arabia will add India to the OIC Green Notice


EXPENSES
  • Standard price of unrefined petroleum per barrel: 57.00 USD

  • Price of unrefined petroleum per barrel with 5% discount: 54.15 USD

  • Price of 5.75 million barrels of unrefined petroleum per day at 5% discount: 311,362,500 USD

  • Yearly payment to Arabia: 113,647,312,500 USD

  • Amount of unrefined petroleum barrels purchased by India annually: 2,098,750,000 USD


OTHER NOTES
  • The Indo-Arabian Oil Deal (IOD) was signed in Cairo in the United Arab Federation and was brokered by the UAF.

  • It put an end to a tense, albeit short, diplomatic struggle between the CIS and Arabia.

Siberiia

Edited:

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