Nemoco

Nemoco (/nɛmˈoʊ.koʊ/), officially the Nemedian Oil Corporation (Nemidi: Σηαρικατ-Ναφτ αλˈΝαμιδιύαη, riadicized: Sharikat-Naft alˈNamidiyah), is the state-owned national peitriliam and natural gas company exclusively responsible for locating, producing, refining, distributing and exporting the oil and natural gas resources of the country of Nemed. Although subject to strict government oversight, it is a private corporation controlled by the Nemedian royal family.

Based in alˈQaru, Tel Khanbar province, the company is administered by the Royal Ministry of Peitriliam and Mineral Resources. It was established on 1 Hestrew 1962 as part of the nationalization of the Nemedian peitriliam industry, acquiring the assets of its predecessor, the foreign-owned Oriental Peitriliam Consortium (OPC), consisting of eleven Heremonian peitrichemical concerns.

Since its inception, Nemoco has grown into the largest peitriliam company in the world, and one of the largest commercial concerns of any kind when measured by consolidated revenue. It controls the world’s largest known crude oil reserves and leads all other peitriliam producers in daily production, managing over 100 oil and gas fields throughout Nemed.

History

On the morning of 11 Fearda 1936, while hunting near the ma' Muhalaa oasis, a young Beidúin named Jed al'Mishbikhu fired his rifle in the direction of a small herd of gasailles. Although he failed to bring down his target, the bullet penetrated a fissure beneath the sand and released a torrent of high quality light sweet peitriliam that would become the new world standard, known as “Nemedian Honey.”

When news of the strike reached western oil men, the competition for drilling licenses in the Alcafran Desert increased rapidly. By the end of the year, a consortium of eleven western oil companies under the umbrella of the OPC had secured the first of many leases and began to develop the peitriliam industry in Nemed.

The drilling leases issued by the Nemedian government were limited to 25 years, and almost immediately the foreign interests began negotiating for extensions. Despite numerous lucrative offers, Sultan Umut VIII (1948 – 1963) refused to extend the OPC contract. In 1962, Nemoco was formed and all foreign oil interests were expelled from the country, their assets purchased by the new national oil company. Litigation regarding the takeover and compensation for the western companies finally concluded in 1979.

Nemedian Oil Corporation

Σηαρικατ-Ναφτ αλˈΝαμιδιύαη

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STATE-OWNED ENTERPRISE

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Nemoco Brand Mark

Nemoco World Headquarters

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^{Image Credit:
 1. The Author
2. Eagleamn, Public domain, via Wikimedia Commons, Manipulated by the Author}