State Oil Company of Jakania

State Oil Company (Majatran: شركة النفط الحكومية, tr. Sharika Nafṭ Haala) also known as the State Oil Company of Jakania is a government-owned corporation responsible for the exploration, drilling, refinement and production of oil within Jakania. The State Oil Company is technically under the Jakanian Ministry of Finance but is also partially managed by the Ministry of Trade and Industry and has ties with the Ministry of Environment and Tourism.

The company was founded in 3665 at the behest of the Minister of Finance who wished to see the oil and gas production within the nation improve. The company has faired well compared to the rest of the country and is a contributor to the Jakanian Investment Authority. The State Oil Company contributes currently 7% of it's profit to the JIA. The company is often called SharNaft.

Organizational Structure
SharNaft operates along typical corporate lines with a Managing Director, who is appointed by the Minister of Finance with consent of the President and Prime Minister. The Managing Board of SharNaft includes:


 * Managing Director (of the State Oil Company)
 * Minister of Finance
 * Deputy Minister for Oil and Gas
 * Minister of Environment and Tourism
 * Minister of Trade and Industry

The Managing Board may appoint any other members it wishes and has in the past including influential businessmen and politicians. The Managing Board is responsible for the companies policies, managing it's resources and the like.