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News > Politics > World > Central Islands
New oil deposits in Conaro’s EEZ stir up the Comunopio
By Naiara Rivera, 19 April 2024.
The Central Islands has become the breeding ground of brewing political tensions. The recent discovery of one of Pacifica’s maritime sea deposits within Conaro’s exclusive economic zone, has instigated a precarious geopolitical situation between the Commonwealth nations. Although the Principate holds the rights to the oil, Stoinian companies hold a large stake as Conegasque billionaires form a significant amount of their shareholders.
However, continued efforts to transition to green energy has brought the oil industry at a crossroads. While green parties in Stoinia aren’t as prevalent as other countries, outside consumers continue to target Stoinian oil companies as CSR plays an important role for new consumers.
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Regardless, Conaro might even solicit the help of non-Commonwealth companies. Although an unlikely solution, the prospect of other external investments has long allured the island nation. Nonetheless, the historic ties remain as strong as piers against the ocean’s tides.
Even so, Stoinia remains at a crossroads as geopolitical pressure from nations such as Gianatla press the nation to re-evaluate its large oil exporting industry. Rather than experiencing internal constraints, Stoinia’s lucrative oil business that helps its citizens & Commonwealth partners is subject to external persuasion despite Stoinia’s commitment to energy transition through hybrid technologies. It remains uncertain whether or not the recently discovered oil deposits will be extracted.