by Max Barry

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Region: Greater Middle East

Basurwelat

Zhen Dynasty wrote:

OOC: This is a work of fiction. Names, characters, businesses, places, events and incidents are either the products of the author's imagination or used in a fictitious manner. Any resemblance to actual persons, living or dead, or actual events is purely coincidental, and does not reflect the current real-life situation regarding said topics.

Board of Revenues - Encrypted

The Board of Revenues congratulates the YPG in establishing the People's Republic of Basurwelat.

The Board has liaised with various private companies across the Zhen, all of whom are interested in investing and/or expanding operations into Basurwelat.

Sinopec, the world's largest oil refining, gas and petrochemical conglomerate, has expressed its request and interest in constructing a $560 million ZGD oil refinery near in the outskirts of Erbil. It is also interested in expanding operations to the Duhok region, with the construction of a small ethanol plant in the city.

Sinofert has also asked for government approval to construct a fertilizer plant in Duhok, which is expected to produce organic and phosphate-based fertilizers. Production is expected to be around 100 tonnes per day, with a projected increase in increments of 5 tonnes per week until it reaches peak capacity of 1,200 tonnes.

COFCO's ZhenCo brand, the Zhen's premier Cola-based soft drink created from citrus oils, cinnamon, vanilla, syrups, and acidic flavours, will reportedly be interested in exporting the drink to Basurwelat, as well as construct a bottling and syrup plant in Duhok to allow its exportation into the Middle East.

Kurdish Response
The most senior YPG economic advisor, Azan Jaziri, has responded to the offers of investment from the Zhen Board of Revenues with pleasure. Jaziri stated: "We thank the Zhen for their offers of investment and once we have properly set up the Ministry of Industry & Agriculture we assure Sinopec, Sinofert and ZhenCo that their projects will be approved, though we must stress that Sinopec, or any other petroleum company, will never be granted exploration rights or the right to extract crude oil from Kurdistan. We thank the Zhen Board of Revenues for their faith in the People's Republic and the Revolution, and I am sure we will continue to be firm partners for years to come."

Detailed economic policy for the new government has not yet been released, but Jaziri, a leading Kurdish economist forced into hiding by the regime due to socialist sympathies, is expected to assume a leading role, along with representatives from the current Kurdish Socialist Party and the YPG. The YPG have been pressured to support land redistribution and private ownership for the poor locals, as their support base is amongst rural poor farmers. This may temper some of the more collectivist ambitions of some leading intellectuals on the Kurdish left.

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