Zeed Petroleum Company
 | |
| Type | State-owned enterprise |
|---|---|
| Industry | Oil and gas |
| Predecessor(s) | Revolutionary Armed Forces Oil Division |
| Founded | 1701 AN |
| Founder(s) | Allied Control Commission |
| Headquarters | Rusjar, Zeed |
| Number of locations | Nationwide |
| Area served | Zeed, Euran Economic Union |
| Key people |
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| Products |
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| Revenue | ZDR 85.2 billion (1737 AN) |
| Operating income | ZDR 23.4 billion (1737 AN) |
| Net income | ZDR 18.7 billion (1737 AN) |
| Total assets | ZDR 312.6 billion (1737 AN) |
| Total equity | ZDR 156.3 billion (1737 AN) |
| Owner(s) | Government of the Commonwealth of Zeed |
| Employees | 45,000 (1737 AN) |
| Parent | Ministry for State Enterprises and National Industry |
| Divisions |
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The Zeed Petroleum Company (ZPC) is the state-owned oil and gas company of the Commonwealth of Zeed, headquartered in Rusjar. Established in 1701 AN following the 1701 Armistice of Alduria City, it controls all hydrocarbon exploration, production, refining, and distribution within the Commonwealth of Zeed. The company emerged from the nationalized oil assets previously operated by the Revolutionary Armed Forces during the period before the Third Euran War.
History
Prior to the Third Euran War, Zeed's oil industry operated under direct military control through the Petroleum Directorate of the Revolutionary Armed Forces. Production primarily served domestic military needs, with limited exports conducted through an elaborate network of blockade runners. The Sazavar fields, discovered in the 1670s, were producing approximately 450,000 barrels per day by 1693 AN, though antiquated equipment and lack of foreign investment severely hampered efficiency.
During the war, Zeed's petroleum industry suffered significant degradation. The Operation Galatás bombing campaign in 1699 AN devastated the Sazavar refinery complex, reducing national refining capacity by 70%. Production plummeted to merely 120,000 barrels per day by war's end, with most facilities operating at minimum capacity due to equipment failures and parts shortages.
The Allied Control Commission established ZPC in 1701 AN to professionally manage Zeed's hydrocarbon resources at the end of the Third Euran War. Under Energy Minister Orestis Kouratos, the company secured crucial technical assistance from Constancia, Nouvelle Alexandrie, and the Suren Confederacy. By 1705 AN, production had recovered to 300,000 barrels per day, with most output exported to Raspur Pact nations at preferential rates. The rehabilitation of Sazavar, costing over 12 billion Imperial Staters, was completed using ESB Group contractors.
Commonwealth era (1716-present)
ZPC's reformation as a state corporation under the Ministry for State Enterprises and National Industry in 1716 AN marked its transition to a commercial entity. The company emerged as the Commonwealth's primary source of foreign exchange, contributing approximately 15% of government revenues alone by 1720 AN. Production reached 600,000 barrels per day in 1725 AN, though aging infrastructure and deferred maintenance began causing increasing technical problems.
Despite its financial success, ZPC faces significant operational issues. Much of its pipeline network dates to the pre-war period, with some sections over 50 years old. A 1735 AN audit identified critical maintenance backlogs at all three refineries, while production decline rates at mature fields average 8-12% annually. The company's attempts to modernize are hampered by bureaucratic inefficiencies and the government's reliance on its dividend payments. Despite these challenges, ZPC remains a crucial instrument of Zeedic economic policy and a major supplier to Raspur Pact markets, providing a significant portion of the Pact's total oil imports as of 1737 AN.
Operations
ZPC operates four major petroleum-producing regions across Zeed, each with distinct characteristics and development stages. The Sazavar Complex remains the cornerstone of ZPC's operations, having undergone extensive rehabilitation and modernization following the Third Euran War. The Northern Fields provide important supplementary production through a network of smaller but reliable deposits. The company's future growth strategy focuses on developing the natural gas potential of the Nyongolo Basin and exploring the promising offshore blocks near Avey, which represent ZPC's first venture into maritime petroleum development.
| Field/Region | Location | Type | Status | Notes |
|---|---|---|---|---|
| Sazavar Complex | Sazavar | Oil & Gas | Active Production | Largest producing region, fully rehabilitated by 1705 AN following damage from Operation Galatás |
| Northern Fields | Republic of Malirusenia | Oil | Active Production | Collection of smaller interconnected fields with moderate production |
| Nyongolo Basin | Republic of Nyongolo | Natural Gas | Exploration | Promising gas deposits under evaluation for future development |
| Offshore Blocks | Waters off Avey | Oil & Gas | Early Exploration | Recently acquired exploration rights with potential for deep-water discoveries |
Infrastructure
ZPC operates an extensive network of petroleum infrastructure across Zeed, centered on three major refineries with a combined processing capacity of 670,000 barrels per day. The company maintains 2,800 kilometers of pipelines connecting its production facilities to refineries and export terminals, primarily through the port facilities at Avey. Domestic distribution is handled through a nationwide network of 1,200 retail fuel stations providing gasoline, diesel, and other petroleum products to consumers and businesses.
| Facility | Location | Processing Capacity (bbl/day) |
|---|---|---|
| Sazavar Refinery Complex | Sazavar | 320,000 |
| Avey Export Refinery | Avey | 200,000 |
| Rusjar Refinery | Rusjar | 150,000 |
| Total Capacity | 670,000 |
Production
As of 1738 AN, ZPC maintains significant hydrocarbon production operations across its various assets in Zeed. The company's daily operations focus on three main product streams: crude oil extraction, natural gas production, and refined petroleum products. The company's crude oil production of 670,000 barrels per day primarily comes from the Sazavar Complex and Northern Fields, while natural gas production of 15 billion cubic meters annually is distributed between the Nyongolo Basin and associated gas from oil fields. The refined products output of 620,000 barrels per day represents approximately 93% of the company's total refining capacity, indicating high operational efficiency across its three major refineries.
| Product | Annual Production (1738 AN) |
|---|---|
| Crude Oil | 670,000 barrels per day |
| Natural Gas | 15 billion cubic meters |
| Refined Products | 620,000 barrels per day |
