People in Hong Kong create super chaebols

Chapter 311 Then sell it to them!
"How is the progress in the Brunei oil field?" Su Cheng asked.

Over there, it was the first oil field that Su City took over and developed, and it was also the beginning of Tianwen Oil Company's take-off.

Therefore, Su City still attaches great importance to it.

Although it is [-]-[-] with Brunei, Sioux City is very satisfied with having half the crude oil.

This is a very large oil field that can be developed for many years.

In other words, Tianwen Oil Company will have a steady supply of crude oil in the future, which is enough for Tianwen Oil Company, a newly established oil company, to refine oil.

Moreover, he will also spend money to buy the Brunei government's share of crude oil. In other words, all the developed oil will become his.

The current oil crisis will last for more than a year, so the oil developed within this year will not worry about selling.

After this crisis, even if the price does not drop much, oil will become difficult to sell.

Because with the end of the oil crisis, the oil supply will naturally return to normal. When the amount is sufficient, those people will start to pick up.

"I just came back from the Brunei oil field last week and stayed there for a week. The progress was very fast. Now the oil production trial operation has begun, but the oil production volume is still small. It will not resume at the normal speed until all equipment is debugged. For mining, we have extracted the crude oil there for testing. The quality of the crude oil there is very good. If we can win the mining rights of this oil field, our company is destined to take off!" Li Yihui said with a smile.

"That's great!" Su Cheng nodded with satisfaction after hearing Li Yihui's words.

To be honest, when he first purchased this oil field, he did not think about the issue of crude oil quality.

Fortunately, it was of high quality, otherwise it would have almost become a stain on him.

It would be embarrassing to have been in business for many years without a single defeat, but to finally lose in the Brunei oil fields.

"By the way, boss, in the past two days, major oil companies in Singapore and oil companies in Japan, South Korea and other places have contacted me again, hoping to sell oil to them." Li Yihui continued.

"Oh? It seems they are in a hurry for oil!" Su Cheng said with a smile.

"Yes, those oil-producing countries are now very competitive, so the oil they bought is simply not enough, so they took our idea." Li Yihui replied.

"Are they in high demand?" Su Cheng asked.

"Boss, wait a minute." After Li Yihui said that, he stood up and took out a folder from the cabinet behind his desk.

"Boss, this is the amount they need temporarily. I have registered it all." Li Yihui handed over the folder.

Su Cheng nodded, took the folder, opened it, and saw that there was only one piece of paper in it. On the paper, the needs of these oil seekers were registered.

"Singapore Petroleum: 20 barrels of crude oil."

"Shell Singapore Branch: 30 barrels of crude oil."

"BP Singapore Branch: 30 barrels of crude oil."

"Japan Xinri Mining Group: 60 barrels of crude oil."

"Idemitsu Kosan Co., Ltd.: 40 barrels of crude oil."

……

Total demand: 380 million barrels of crude oil! "The demand isn't big?" Su Cheng closed the folder and said casually.

"Boss, this is not small for petrochemical companies. It is enough for them to produce for more than ten days. Moreover, it is impossible for everyone to store too much crude oil. Because of the current crude oil market, no one knows what will happen to this high price. How long will this continue? If they stock up too much, they will lose money if the oil price drops." Li Yihui explained with a smile.

After hearing Li Yihui's words, Su Cheng understood.

He compared his own 1.7 million barrels of crude oil with these 380 million barrels of crude oil. Naturally, he felt that the gap was very large, so he felt that they wanted less.

In fact, it is not much at all, but the crude oil stored in Sioux City is simply too huge.

Crude oil worth nearly billions of dollars is not so easy to digest.

Moreover, this is only the demand of a dozen nearby petrochemical companies. If he comes to find him from further away, it will be even more.

According to newspaper reports, the oil market is now experiencing a shortage of 600 million barrels per day.

However, in terms of price, Sioux City is not worried about falling soon. It would be good to maintain a price of US$40 per barrel, and there is even a high chance of a higher price.

Therefore, Su Cheng feels that the worries of these oil companies are destined to be unnecessary.

"How high has the international crude oil price risen now?" Su Cheng asked.

"International crude oil is still rising. Basically, the price rises every day. Today it has risen to 37.8 US dollars per barrel, and there seems to be no sign of stopping the rise. According to expert estimates, in two days at most, the international crude oil price will rise for the first time. Breaking through 40 US dollars per barrel, no one is sure whether it will continue to rise after reaching 40 US dollars per barrel, because this price is already very outrageous!" Li Yihui replied.

It only took two months for the price to rise from just over 10 US dollars to 40 US dollars. No one expected this growth rate. It was simply too exaggerated.

Therefore, some people predict that US$40 should reach the top.

However, some experts believe that the price of US$40 per barrel is definitely not the peak, and crude oil will continue to rise.

Su Cheng himself cannot determine how high this price will rise, because oil prices have now deviated from the direction of another world.

However, Su Cheng didn't plan to sell too much at once. Selling a little now can be regarded as recovering some funds.

I don’t know how much the price will rise in the future, but it will never be lower than 40 US dollars per barrel.

So when the price rises to 40 US dollars per barrel, Sioux City can start to slowly produce oil.

1.7 million barrels is indeed a lot. In this era, no oil company has the ability to eat it all at once.

The present is not the future, and the demand for oil is not as great as it will be in the future.

"Mr. Li, since they have demand, wait until the oil price exceeds 40 US dollars per barrel, and then start selling to them. Now that you are free, I will leave this matter to you. Responsible for contacting them, I will send A financial officer from Bank of Cali will cooperate with you. My previous funds were basically invested in crude oil. Now it is time to return some money so that I can continue to invest in the oil base. The construction speed of the oil base is still too slow. No, no, I will continue to increase capital investment so that the Tuen Mun Oil Base can start production and operation as soon as possible." Su Cheng said to Li Yihui with a smile.

Naturally, the crude oil money does not belong to Tianwen Oil Company, but his personal income, so Su City will send a financial follower, and then the money will naturally be transferred to Su City's private account.

Su City had signed a contract with the Xiangjiang government, which stated that it would not collect taxes from Tianwen Oil Company within five years.

In other words, Sioux City does not need to pay taxes when selling this oil!
This can be regarded as trying to gain advantage from the Xiangjiang government!

(End of this chapter)