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Chapter 924: Picking up a big oil field (fourth update, please subscribe)
Africa!

There is no doubt that Africa is a fertile land!
However, in this era, few countries paid attention to him. After all, Africa now has no special products except the abundant black people.

But now there is no need for people to pick cotton.

However, even so, when the world entered the mid-1950s, the superpowers that were confronting each other in Europe and Asia finally turned their attention to Africa. As they cautiously and carefully extended their hands to Africa, there was another pair of eyes that were staring at Africa.

Compared with the United States and the Soviet Union, Nanyang not only entered Africa earlier, but also entered openly. After all, Nanyang is a member of the Commonwealth, so entering Africa is quite normal.

But this is just southern Africa.

Just as Nanyang was gradually building southern Africa into its own granary, Li Yian turned his attention to northern Africa.

Compared with Southern Africa, North Africa has always been the traditional sphere of influence of the old European powers. Even so, there is still a place in North Africa that makes people salivate.

“Libya!”

In the office in the study, Li Yian pointed to the unfolded map and said to Hermann.

“We are going into Libya.”

"Sir, you are saying that we want to obtain exploration rights in Libya, right?"

As the general manager of Nanyang Petroleum Company, Hermann, who has been paying close attention to international oil trends, naturally knows what the Excellency means by entry.

After all, they had entered other places a few years ago.

"Correct."

Li Yian nodded and said.

"Libya amended its Mining Law at the beginning of the year, which allowed foreign companies to profit from exploration licenses. Now they haven't issued licenses yet, so I think we can try it here."

Li Yian said this while pointing to the Sirte Basin in eastern Libya.

"European and American oil companies are mainly focusing on exploration in western Libya. They started before the war. If nothing unexpected happens, their focus should be on the west. I think the company can do something in the Sirte Basin in the west."

Where is the Sirte Basin?
It is the location of Libya's large oil field, known as the "elephant of North African oil and gas". Billions of tons of oil are stored in the Surter basin, which covers an area of ​​40 square kilometers.

Thanks to Colonel Kadcy, it was his death that gave Li Yian a certain understanding of Libyan oil. In fact, in the past few years, Li Yian has been trying to get several large oil fields, although disintegrating oil hegemony is the basic strategy for the future.

However, oil is still an important industrial raw material, and it is definitely better to have it in our own hands than in the hands of others.

However, the result was a little disappointing. After a little understanding, Li Yian found that the oil fields in various countries in the world were actually controlled by the Americans and the British. For example, the world's largest Ghawar oil field in Saudi Arabia, as early as the 100s, Standard Oil Company obtained an exploration lease of million square kilometers of land along the Saudi coast. Although the Ghawar oil field has not been fully discovered yet, the land belongs to the American Arabian Oil Company, so other countries naturally don't have to think about it.

As for the Great Burgan oil field in Kuwait, this huge oil field with a capacity of tens of billions of tons belongs to the Anglo-Persian Petroleum Company - they had obtained the exploration rights as early as the 1930s.

As for Iran...the oil fields there were developed earlier than Persia, and the British Petroleum Company that developed Kuwait has the word "Persia" in its name.

After counting, there is almost no place missing in the entire Middle East!

Almost all oil fields are controlled by British and American oil companies. Under such circumstances, it is simply a pipe dream to challenge them and snatch food from their mouths.

Where is the only place to find a bargain?
There is only Libya.

Before this year, even if Li Yian had this idea, he had no way to do so. Before Libya amended its laws, Nanyang had no chance to get involved in local oil exploration rights.

But now it is different. After Libya amended its laws, the door was opened to oil companies from all over the world.

As long as you are willing to pay, you can obtain the rights to explore and exploit oil in Libya.

How could we miss such an opportunity?
"The Surtel Basin is only about 400,000 square kilometers. Take it all!"

"More than 400,000 square kilometers!"

Herman said, looking at the basin on the map.

"Sir, with such a large area, according to the Mineral Law promulgated by Libya, we have to lease the exploration and mining rights here, which will cost a considerable amount of money every year!" After thinking for a while, Hermann said again.

"Isn't this too risky?"

"adventure?"

Li Yian smiled.

"When Standard Oil leased 100 million square kilometers of Saudi Arabia, many people said they took a risk, but the final result is well known. Sometimes, the greater the risk, the greater the reward."

For others, this is a risk, but for Li Yian, this is an opportunity.

And it’s a once-in-a-lifetime opportunity!

The bigger the waves, the more expensive the fish.

Such an opportunity must not be missed.

“That’s because they rent it cheaply.”

Herman didn't even bother to explain.

In 100, the Kingdom of Saudi Arabia signed an agreement with the Standard Oil Company of California on oil exploration and exploitation. The agreement stipulates that the Standard Oil Company of California has the right to explore and exploit oil fields within an area of ​​about 60 million square kilometers in eastern Saudi Arabia for 5 years. After the agreement takes effect, the United States will provide a loan of 25000 pounds to the Saudi government and pay pounds in rent to the Saudi government every year!
With such a small amount of money, what risks did they take?

Even if no oil can be drilled, there is no risk. The loss is only a few thousand pounds a year. If you don't want to pay, you can cancel the contract at any time.

But the final result proved how sharp the vision of Standard Oil Company of New Jersey was - they discovered the world's largest oil field there.

Over the past few decades, they have earned back thousands of times over.

How could Nanyang replicate all that now? After all, times have long since changed, and Libya would not be able to lease land exploration and mining rights to Nanyang at the same low price.

"I know that times are different, and the money spent must be different. Back then, the Americans could send beggars away! But it's different now."

After thinking for a while, Li Yian said.

"I think that Nanyang Petroleum Company should take the lead in establishing Nanyang Libya Petroleum Company. The company will provide 20% of the funds, the National Pension Fund will provide 60% of the shares, and the remaining 20% ​​will be sold internally."

The National Pension is Nanyang’s basic national pension insurance, a social insurance system established to protect the citizens’ pensions. The system was implemented in 1946 and aims to provide Nanyang citizens with stable pension income to ensure that they can live a stable life after retirement.

At that time, the government and the company put up as much as 500 million yuan as capital. After years of development, Nanyang National Pension is now not only the largest investment company in Nanyang, but also the largest holder of state-owned enterprises in Nanyang.

Li Yian has always adhered to a principle - he will never forget the national pension if there is any benefit. After all, it is related to the lives of the people of Nanyang. Only by continuously improving its operating rate of return can this pension system avoid the situation of pension insurance deficit or even exhaustion in later European and American countries. Of course, the more important thing is the fertility rate, which is the premise of everything.

Investability is also important.

The return on investment in Libyan oil is still very high. As for the future of Colonel Kadesh... Nanyang has always been a good friend of the tyrant. By then, it will be a matter of choice.

Staring at the map and thinking for a moment, Hermann said.

"The risk of this investment..."

Pursing his lips, Hermann looked at His Excellency and said.

“I think it may be even bigger than the Persian Gulf investment five years ago!”

The "Persian Gulf" investment mentioned by Herman, six years ago, under the instruction of Li Yian, Nanyang Petroleum Company sent personnel to Riyadh, the capital of Saudi Arabia, and signed an agreement with the Saudi king on oil exploration and exploitation. According to the agreement, Nanyang obtained the right to explore and exploit offshore oil in the Persian Gulf of Saudi Arabia.

However, despite obtaining the exploration and production rights, Nanyang has been suffering losses in the past few years - paying hundreds of thousands of dollars in lease fees every year, but not producing a drop of oil!
Therefore, from an investment perspective, it is definitely a loss!
Faced with doubts, Li Yian smiled.

“The risk is high because we haven’t mined yet!”

(End of this chapter)