Resource Management and Energy Security Agreement

The Resource Management and Energy Security Agreement, sometimes referred to as Energy Security Agreement or RMESA, is an energy agreement between Kleolaion and Ventora, which was signed in 1977 after the Oil Crisis of 1977 to guarantee the purchase and supply of Oil and Gas between the two nations. The agreement is meant to be indefinite and has been going on for almost 44 years.

Background
The Oil Crisis of 1977 caused a massive shortage of oil around the globe since many nations depended on Agarad's oil for their supply. Ventora sought various alternative suppliers; among them was Kleolaion. Kleolaion needed to put its oil extraction in overdrive and improve its infrastructure, which included new highways, pipelines, and railways to meet Ventora's demands.

Content

 * 1) The purpose of this agreement is to provide for the:
 * 2) sustainable and reasonable management of liquid fossil fuel resources within the United Kingdoms of Kleolaion (hereinafter “Kleolaion”),
 * 3) and ensure the energy security of the Kingdom and Commonwealth of Ventora (hereinafter “Ventora”) concerning the availability to it of certain liquid fossil fuels.
 * 4) In furtherance of these ends, Kleolaion will provide to Ventora with certain quantities of liquid fossil fuels at up to 10 per cent below the world price.
 * 5) Ventora shall pay a surcharge of up to 10 per cent if quantities purchased fall below the ranges agreed to.
 * 6) World prices shall apply to quantities above the ranges agreed to in the absence of any other terms applicable to such transaction(s).
 * 7) The following ranges shall apply until such time as the parties may agree to revise quantities for either or both commodities. For:
 * 8) Natural gas, at least 250 billion cubic feet (BCf) up to 350 BCf annually.
 * 9) Crude oil shall be at least 250,000 barrels per day (BPD) up to 350,000 BPD.
 * 10) Refined petroleum products may be substituted for crude oil in quantities as may be agreed to by the parties.
 * 11) The parties may modify the quantities or other terms of the agreement by mutual consent between the Kleolaikos Oikonomiki Archi and Ventoran Trade Commission.