People in Hong Kong create super chaebols

Chapter 375 Buying an Oil Refining Company

After Su Cheng sat down, Li Yihui poured a glass of hot water for his boss.

The environment of the office is relatively simple. After all, it is built from prefabricated houses.

"Tell me about what happened during this time." Su Cheng sat on a chair and asked with a smile.

Li Yihui nodded and said: "Boss, during this period, we have sold a lot of crude oil. Now more and more users are buying crude oil from us, but they are still mainly from surrounding countries and regions.

As of yesterday, the contracts we signed have sold a total of 5600 million barrels. Boss, of your 1.7 million barrels of crude oil, only 1.14 million barrels are left.

The average selling price of these 5600 million barrels was US$47.65 per barrel, so we sold one of them for US$26.684 billion, mainly because the first time we sold it, we only sold US$40.6 per barrel, otherwise the average price would be higher. "

This morning in Sioux City, the Xiangjiang Commercial Daily had information about the latest international crude oil prices.

It says that the current international crude oil price is US$49.68 per barrel.

Therefore, the average price received by Su City was actually quite good, and he was very satisfied.

There is endless money to be made, more or less means nothing to him.

26.684 billion U.S. dollars. According to today’s exchange rate, that’s a full 128 billion Hong Kong dollars.

This money is all cash!

Except for a small part that was misappropriated by Su Cheng, the rest of the funds were lying in his own bank.

This shows how rich Sioux City is.

At this time, cash flow is very important, because most companies are depreciating.

Most businessmen don’t have much cash on hand.

For example, the Charter King, since he took over the Wharf, a large part of the money he earns now has to be used to repay loans.

For example, Jardine Matheson Group, although a large company with a large business, still owes a lot of money to banks. Although the scale of the company is very large, it has to use Wharf stocks to cash out when dealing with hundreds of millions of Hong Kong dollars in maturing debt.

"Boss, you deserve the title of the richest man in the world!" Li Yihui said with emotion.

He had never seen an individual possess so much money.

Internationally, there may be some families that can spend so much money, but those are funds accumulated by a family over many generations.

As for Su Cheng, he had gained such a huge fortune in a short period of time by himself.

Although Su Cheng is a rich second generation, his life experience has been reported many times by the media.

Su Cheng's father is just a billionaire with a net worth of [-] to [-] million yuan. With this kind of wealth, let alone the top rich people in Hong Kong, even the second-tier rich people cannot get into it. Compared with Su Cheng's current wealth, it is far behind. too much.

Therefore, everyone knows that Su Cheng has achieved today's achievements because his father Su Tianhe helped him get a good start, and the rest was all his own hard work.

"It's just luck. Let's not talk about it anymore. Show me the data these days." Su Cheng stopped and said with a smile.

Li Yihui nodded, took out a folder from the filing cabinet behind him, and handed it to Su Cheng.

When it comes to selling oil, Li Yihui is just helping and has nothing to do with his performance.

The funds were all transferred to Wandehan Bank, and the financial officer sent by the bank was also in charge.The oil price is calculated based on the international oil price on the day the contract is signed.

Therefore, Li Yihui has no possibility of profiting from selling oil.

Therefore, Sioux City is completely relieved to leave the sale of crude oil to Li Yihui.

Su Cheng took the folder and opened it. Inside, there was every data sold in these days.

The date, country, company, and price are all recorded in detail.

Judging from the data, the oil companies from Japan that purchase the most oil from Sioux City today are from Japan. In addition, South Korea, Australia, Indonesia, Tianzhu, etc. all purchase oil from Tianwen Oil Company.

The farthest country is New Zealand in the southern hemisphere. However, their country has a small population and there are no large international oil companies in the country, so the amount of oil purchased is not large.

Handing the folder back to Li Yihui, Su Cheng looked through the window at the giant oil tankers outside the dock.

"These six oil tankers are all from Tianzhu. Although they are close to the Middle East, they have a large domestic population. The little oil they get from the Middle East is simply not enough, so their national oil companies also buy from us. Oil, according to the contract signed with us yesterday, six oil tankers were rented from the charter king today." Li Yihui explained when he saw Su Cheng looking at the oil tankers.

Su Cheng nodded, not caring who bought the oil, as long as he paid for it.

At this time, he is not afraid at all that his oil will not be sold.

This oil crisis will not end for a long time.

There may be signs that the crisis has passed, but when the Iran-Iraq war breaks out next year, the crude oil crisis will worsen again.

Even if the crude oil in Sioux City cannot be sold out in the past few months, he is not worried at all.

Now, more than 100 billion Hong Kong dollars have been repaid. He has plenty of money, and the loan from Huifeng Bank can be repaid at any time.

However, there is no need to repay the loan so early. After all, the loan contract he signed with Huifeng Bank is for one year.

The interest has been negotiated, so Su Cheng will not repay it so early.

"Let's talk about buying the oil refining company." Su Cheng withdrew his gaze and said to Li Yihui.

Li Yihui was already prepared. He picked up another folder on the table and handed it to Su Cheng.

When Su City opened it, Li Yihui explained on the side: "I used my previous relationships and contacts to look for suitable oil refining companies during this period. I found a total of one very large oil refining company, four large oil refining companies, and 4 medium-sized oil refining companies.

Among them, the super-large oil refining company is located in Singapore. It originally belonged to the United Kingdom. Its parent company is a cooperative enterprise with BP. The parent company of this super-large oil refining company fell into an economic crisis two years ago. Now it finally cannot withstand it. , has filed for bankruptcy, and its refining companies were intended to be sold to cover debts. Originally, they wanted to sell them to BP, but BP's business in Asia was already somewhat excessive, so BP did not take over. the meaning of.

Four large oil refining companies are located in Saudi Arabia, Indonesia, Malaysia and Japan, and the remaining eight medium-sized oil refining companies are also located in East and Southeast Asia.

These oil companies all have strong intentions to sell, but with the current shortage of crude oil, few companies have taken over, so it is difficult for them to find buyers. "

Li Yihui previously worked in Singapore and was responsible for Asian business, so he has a good understanding of Asian oil companies.

It is precisely because of this that Li Yihui can easily find the information he needs in Asia. It would be impossible for others to find so many oil refining companies ready for sale at once.

Su Cheng flipped through each company's information and looked at it carefully.

"Except for this Indonesian oil refinery, you can buy the rest!" Su Cheng said after reading it.

(End of this chapter)