Year: I had a good time when I was young

Chapter 765: Three-party transaction to obtain the oil field
Bai Fanyu never dared to be negligent in the matters entrusted by Chu Xiangqian, and this time it involved the copper mine business. Based on Bai Fanyu's understanding of Chu Xiangqian, he would definitely give himself a share as long as things were done well.

So it only took Baifanyu a few days to contact several big families on Mindanao.

But both Bai Fanyu and Chu Xiangqian underestimated the xenophobia among local forces in Mindanao.

They thought that the cooperation would be beneficial to both sides. Chu Xiangqian would provide the money, and they would provide the manpower and effort to buy the copper mine, and everyone would make money.

However, they would not have expected that the famous local families had already regarded everything on Mindanao as their own.

If it's just copper mining, they have no intention of looking for foreign partners.

When copper mines were discovered in the northern part of Mindanao, the local major forces had reached a tacit understanding that any development should be done by the local forces in Mindanao.

Even though there is a lot of dirt and competition among them, they can naturally unite when faced with the entry of external forces and visible benefits.

Even if the political forces on Luzon Island representing the central Philippines wanted to share the benefits, they dared to refuse. And they killed the subsequent prospecting team that entered Mindanao again after discovering the copper mine.

Moreover, after rejecting Chu Xiangqian, he did so in order to completely eliminate Chu Xiangqian's intentions and to win over the local people.

Several political families on the island, under the pretext of protecting the interests of Mindanao, have publicly mocked foreign capitalists like Chu Xiangqian in some public speeches, telling them that they would never be able to make a penny from Mindanao.

Chu Xiangqian was so angry that he started cursing, but he couldn't do much about the natives of Mindanao.

It is impossible for Chu Xiangqian to send people to assassinate someone just because that person mocked him a few times or even cursed him publicly.

If you want to use economic means, you must first enter the other party's market before you have a chance to disrupt their economy.

As for political pressure, Hong Kong is not the Celestial Empire. Even if it is the Celestial Empire decades later, it will not be possible to exert direct pressure.

As for asking the Ying people to come forward, they would inevitably have to share the benefits with the Ying people, so Chu Xiangqian might as well give up.

Moreover, the forces in Mindanao don't even care about the central government on Luzon. If they are pushed to the limit, anti-government armed forces will jump out and demand independence.

For a moment, Chu Xiangqian really had no way to deal with the family that had scolded him.

I could only curse inwardly and think helplessly that it was no wonder that Mindanao was so poor decades later.

Seeing that the copper mine business could not be done, Chu Xiangqian secretly hated it and deliberately revealed the matter of the champion horse, forcing the family in Luzon to deal with the opposition in Mindanao as soon as possible.

It is also stirring up conflicts between political forces and families on the two islands.

According to the agreement between Chu Xiangqian and the family on Luzon Island, the Triple Crown was priced at 1500 million pounds, of which 800 million pounds was the money Chu Xiangqian used to purchase 5 acres of land in northern Mindanao.

After all the formalities for the land sale were completed, the other party paid another 700 million pounds to buy a horse that Chu Xiangqian promised would win three championships in the Triple Crown of Magnesium.

So he is not the one who is anxious, and he is not the one who suffers the most.

When the forces on the two islands fell out and started fighting again, Chu Xiangqian was willing to financially support the forces on Luzon Island.

The purpose was to vent his anger and also to dispel the suspicion on himself if the news of the champion horse was leaked.

But if you think about it carefully, Chu Xiangqian is not a big suspect.

When it comes to a huge order of 1500 million pounds, only a fool would leak the news and sabotage the cooperation.

But Chu Xiangqian has no shortage of buyers for Triple Crown horses if he really promises that a three-year-old horse can win the Triple Crown.

Even Philip and Elizabeth would probably grit their teeth and spend 1 million pounds to buy the horse.

If it were a desert tycoon, there would be a chance that the deal would be sold at the price of 1500 million pounds.

Moreover, leaking this information before the auction is equivalent to artificially inflating the value of the Arabian horse and thus pushing up the auction price.

The result was similar to what he expected. The average price of 40 Arabian horses was more than $80 higher than the previous year's average price of $20.

Although it did not meet Chu Xiangqian's greatest expectations, it still made him very satisfied.

Seeing Ahmed asking about the champion horse was actually something Chu Xiangqian had expected.

However, he had previously estimated that Ahmed would have a chance to talk to him or other desert tycoons about the Triple Crown horse only after the Arabian horse auction in the afternoon.

I didn't expect that this guy actually heard the news from the outside world.

Moreover, Chu Xiangqian did not expect that he actually bought half of the 40 Arabian horses this time.

Seeing that Ahmed was interested in talking about the champion horse, Chu Xiangqian naturally would not let it go.

Anyway, the desert tycoons are not short of money, but just like the family on Luzon Island, they have always hoped to expand the influence of their country or family both domestically and internationally.

So selling a champion horse to them is actually more profitable than selling it to a family in Luzon.

One is an uncontrolled copper mine, and the other sells oil. Just think about it and you will know that it is safer to sell it to Ahmed.

Future profits will certainly be greater.

Chu Xiangqian became excited at the thought of buying an oil field.

Although oil prices were stable and not high in the 60s, they fluctuated between US$1.8 and US$2.2.

But after the 70s, oil prices soared several times. The price in the future will be even more expensive. If you think about it carefully, it is indeed more valuable than copper ore.

Then Chu Xiangqian glanced at the agent of the Royal Bank, the agent of the foundation controlled by the Morgan family.

Only when there is competition can the secret channel be sold at a high price.

So Chu Xiangqian pretended to be interested and was about to have a good chat with Ahmed, but the two agents representing the Royal Bank and Morgan on the side were indeed not happy.

He hurriedly stopped Chu from moving forward and said anxiously, “Mr. Chu, my boss and you are partners. If there is really a champion horse, you can’t just consider outsiders and ignore your partners.

And you can rest assured that our foundation has no shortage of money or connections.

If you have any trouble in the future, we will be able to help you."

Chu Xiangqian stopped walking after hearing this, but his heart was filled with joy.

The scale and influence of the Royal Bank of Scotland in Britain is much larger than that of Standard Chartered's London headquarters group.

Morgan is one of the top financial groups in the country of Magnesium. It would be fine if they didn't know Champion Horse.

Now that I know it, I will definitely want to get it.

On the contrary, the local tycoons in the desert, although they are rich in this era, have a low sense of presence.

Chu Xiangqian shrugged at Ahmed very realistically, but he didn't expect that Ahmed would do this in order to gain a greater advantage in the competition for succession.

After hesitating for just a few seconds, he said, "Chu, I know that when you sold Wuzhui the year before last, the price was 600 million pounds."

Chu nodded. This price was indeed not low two years ago, but the reason why they sold it to Philips and Mountbatten was because of their power.

Then he smiled and said, “You should know something about my cooperation with the family in Luzon Island.

But what you certainly don't know is that the other party promised to give me a copper mine and half the cash in exchange for a Triple Crown horse from me for £750 million plus 5 acres of land.

Unfortunately, the copper mine incident encountered an accident, so the champion horse incident was delayed."

Ahmed and the two representatives were stunned when they heard this.

Then the three of them took a deep breath at the same time. It turned out that the so-called champion horse was actually a Triple Crown horse. This was different. If Chu Xiangqian was not talking nonsense, it would be equivalent to a Triple Crown racehorse selling for 1500 million pounds.

This is ridiculously expensive.

But seeing that Chu Xiangqian's expression didn't look like he was lying at all, the three of them calmed down and thought about it carefully.

He soon realized that in this business, what Chu Xiangqian cared about was money and copper mines.

What the Luzon families care about is the prestige and influence that comes with the Triple Crown and the championship.

If it is true as Chu Xiangqian promised, the horse that has not even hit the track yet can really win the Triple Crown.

The buyer can simply say that the horse was bred at his own stable.

If Morgan were to take charge, once the family's horse farm became more famous, there would be more room for maneuver in terms of how to make money.

The appreciation in value of the stable alone, as well as the increased value of the other horses kept there, could be worth several million pounds.

Coupled with the prestige and influence that the Triple Crown brings to the family, the more famous the family itself becomes, the greater the benefits.

For Morgan, the exposure from the Triple Crown alone will bring more fame to all of its companies.

The advertising effect brought about over the years is worth tens of millions of pounds.

When you think about it this way, although 1500 million pounds still seems expensive, it is definitely not a rip-off.

Ahmed was in a difficult situation now.

Before, he thought it was just a champion horse, worth at most two or three million pounds.

But the Triple Crown horse and £1500 million far exceeded his financial holdings.

After hesitating for a few seconds, he finally gritted his teeth and said, "Stark, I don't have 1500 million pounds in cash at the moment.

But since you wanted the copper mine before, I can make the decision and give you an oil field that produces 5 barrels of crude oil per month for 750 million pounds. "

Chu Xiangqian shook his head after hearing this.

At that time, crude oil fluctuated between US$1.8 and US$2.2 per barrel. Even in the late 60s, the price of crude oil never exceeded US$3 per barrel.

It was not until the first oil crisis in 73 that the price of crude oil skyrocketed to $12 or $13 a barrel.

Then it fell back to $8 or $9 a barrel.

That is to say, in the next 10 years, the oil price will be at most $3.

In the last two to three years, it will basically not exceed US$2.2.

An oil field that produces 5 barrels per month only produces 60 barrels per year, or $132 million.

After deducting the costs of mining, transportation, sales, etc., earning $70 a year is considered a lot.

Oman's oil and gas fields have always been famous for being difficult to exploit. Since exploitation is difficult, the cost is naturally higher than in other Middle Eastern countries.

After hearing Chu Xiangqian's calculation, Ahmed blushed a little in embarrassment, knowing that Chu Xiangqian was not an amateur who knew nothing.

But Oman's monthly crude oil production at that time was only 84 barrels, and the oil field given to Chu Xiangqian was one of the five oil fields under Ahmed's own name.

If Oman did not have good reserves of gold, silver, copper and iron, Ahmed would not have been able to come up with the $20 million to buy 1960 horses just by selling oil and gas.

Of course, Ahmed's willingness to come was also related to the fact that one of the Arabian horses he bought two years ago won the endurance rally championship.

That horse alone is now worth 500 million US dollars, which means that not only did he not lose money, but he actually made several million dollars.

Then I continued to come here to try my luck.

But if he can win a Triple Crown horse, Ahmed is willing to do it even if it means a short-term paper loss of $10 or 20 million.

Compared to a prince, becoming a king in the future is the point.

Even if they fail in the final competition, they can still gain more rights and benefits with the honor and prestige brought by the Triple Crown.

And relying on his reputation among the people, he forced his brothers not to touch him.

If you are lucky, you might not become king, but you can become the head of an asset management company.

Ahmed thought for a few seconds and wanted to give Chu Xiangqian another oil field, or give him part of the shares of the large oil field, but he couldn't bear to do so.

Oil and gas fields are treasures that produce wealth continuously for hundreds of years, while a champion horse is a short-term gain.

Even after winning the treble, he still earned back 1500 million pounds through a series of operations.

But how can cash compare to oil and gas fields?
Cash will inevitably depreciate slowly, but oil and gas fields will most likely appreciate slowly as industrialization in Europe and the United States continues to deepen and demand for oil and gas continues to increase.

Ahmed thought about it for a long time, and finally he could only look at the two agents representing the Royal Bank and Morgan.

The two agents couldn't help but smile when they saw that Ahmed really asked them for help.

Just now, the two were really afraid that Chu Xiangqian would agree directly, but after hearing about the 5 barrels of oil field, they only thought about Chu Xiangqian's character and knew that he was a person who would not suffer any loss, and it was impossible for him to agree to 750 million pounds in exchange for a small oil field.

Moreover, the Kingdom of Ying still has troops stationed in Oman at this time. If the two representatives really want to interfere in this business, they have many ways and means to do so.

Therefore, even if Chu Xiangqian agreed, they had ways to force Ahmed to buy it and then sell it to the Royal Bank and Morgan Holdings Fund.

When Chu Xiangqian saw that Ahmed didn't have enough money, something suddenly occurred to him.

He pulled him aside and whispered a few words.

Ahmed's eyes suddenly lit up.

Suddenly I felt that what Chu Xiangqian said was right. It was not a bad thing for me to cooperate with the Royal Bank and the funds controlled by Morgan.

At least with this cooperation, I have established connections with the two consortiums, and they may become my helpers in the future.

Ahmed instantly felt that a three-party partnership was feasible, and he looked at the two representatives and said, "How about we each contribute 500 million pounds and each hold one-third of the shares?"

The two representatives looked at Chu Xiangqian and knew that it was Chu Xiangqian who proposed this idea.

Moreover, Chu Xiangqian had no objection to exchanging 500 million pounds for an oil field with an annual output of 60 barrels. In other words, he didn't really have to ask for 1500 million pounds to sell it.

It was vaguely revealed that while making friends with Ahmed and the Oman Securities Government behind him, he also wanted to make friends with the consortium represented by the two of them.

After some thought, the two representatives finally had no choice but to nod their heads, so as not to offend Chu Xiangqian and cause trouble again.

After all, the two consortiums had long been aware of Chu Xiangqian's past and knew that he was extremely powerful and vindictive.

Moreover, he does have several private armed forces whose details cannot be traced no matter how hard you try.

If we can cooperate, of course we don't want to make enemies with him.

Then the two of them didn't want to use cash, and looked at Chu Xiangqian, "Chu, since you can accept the oil field, then it should be okay for us to trade with you in other things, right?"

Chu Xiangqian shrugged. He didn't really need cash. In fact, cash would depreciate if held in hand. It was not as valuable as land, company stocks and other valuable things.

(End of this chapter)