Virginia, Russia, It seems we are in some form of agreement. Persia assumes that you understand that these Companies will be under the Jurisdiction of the Persian Oil and Gasoline Company?
We are putting in place a time frame of ONE (1) year to bring the working conditions and wages of all employees of these Oil Fields up to those of their European Counterparts. While this Government shall provide help in bringing these conditions to bear, should they not be completed within the allotted time frame, then Persia reserves the right to bring thee fields under the direct control of the Persian Oil and Gasoline Company (POGC). We are happy with the profit margins at this time, however, in a maximum of 10 years these figures will be up for re-negotiation, in proportion to the amount of oil being pumped out of the ground. After such time, and every 10 years after that, those profit margins will be up for renegotiation. Should any new rigs be constructed on the sites of the existing oil Fields, then consultation with the POGC must take place.
We thank Russia and Virginia respectively for their co-operation and reason, pleased that such characteristics made their way to the negotiation table, as opposed to Gunboat diplomacy and bullying. We look forward to this new era in Oil exploration in Persia, and hope that this may be the beginning of a new era of relations that Persia has with the west (Albeit off to a bit of a rocky start!).
Ali Mansur
President of the Imperial State of Iran