Sydona: Difference between revisions
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[[File:Calcite-Smithsonite-denv08-02a.jpg|thumb|Handwavium ore]] | [[File:Calcite-Smithsonite-denv08-02a.jpg|thumb|Handwavium ore]] | ||
Sydona has a an upper-middle income transitional mixed economy with a large public sector. The extraction and processing of natural resources - particularly offshore oil and natural gas and [[handwavium]] - are the most valuable sector of the economy and main source of public revenues. The economy is presently export-oriented, with a comparatively underdeveloped domestic market for {{wp|consumer goods}}, though the Sydonan People's Bank projects a positive trajectory | Sydona has a an upper-middle income transitional mixed economy with a large public sector. The extraction and processing of natural resources - particularly offshore oil and natural gas and [[handwavium]] - are the most valuable sector of the economy and main source of public revenues. The economy is presently export-oriented, with a comparatively underdeveloped domestic market for {{wp|consumer goods}}, though the Sydonan People's Bank projects a positive trajectory for domestic consumption over the next five years. | ||
Sydona has its own currency, the Sydonan dram. The [[Saar|Kiravian saar]] is widely circulated and commonly accepted by local merchants. However, the Sydonan government only accepts tax and fee payments in drams, and similarly pays out pensions and welfare transfers (upon which a large share of the population rely) in drams. | Sydona has its own currency, the Sydonan dram. The [[Saar|Kiravian saar]] is widely circulated and commonly accepted by local merchants. However, the Sydonan government only accepts tax and fee payments in drams, and similarly pays out pensions and welfare transfers (upon which a large share of the population rely) in drams. | ||
===Energy and Mining=== | ===Energy and Mining=== | ||
[ | Sydona has extensive (mostly offshore) deposits of {{wp|petroleum}} and {{wp|natural gas}}, the easily the largest of any Kiravian province by proven reserves. The Sydona Resource Development Authority, a {{wp|trading fund|state-owned commercial entity}} under the purview of the provincial Secretariat of Energy, has a statutory monopoly on oil drilling in Sydona and its waters, though since 21202 it has begun licensing an increasing number of oilfields to private companies, such as [[Kiro-Audonian SakOil]]. Oil and gas are Sydona's leading export and source of government revenues. | ||
The eastern islands hold major deposits of {{wp|handwavium}}, while Érdoran and Manētuva have significant reserves of tin and tungsten. Offshore natural gas exploration is underway in the Sydona Sound. Sydona's handwavium industry is tightly supervised by the federal government, as the mineral is of great strategic value to the Kiravian Navy and shipping industry, which require it for interregional travel. | The eastern islands hold major deposits of {{wp|handwavium}}, while Érdoran and Manētuva have significant reserves of tin and tungsten. Offshore natural gas exploration is underway in the Sydona Sound. Sydona's handwavium industry is tightly supervised by the federal government, as the mineral is of great strategic value to the Kiravian Navy and shipping industry, which require it for interregional travel. | ||