Chapter 335: Then do we still sell crude oil?
Of course, even if Tianwen Petroleum Company's two refineries have finished refining all the oil they have in stock, there is no need to ask for oil from the 170 million barrels of crude oil.
Because the oil fields in Brunei are already in trial production.
The refining capacity of these two refineries is not high. Even if the oil fields are only in trial production, they can easily supply them.
This oil field can be said to be worth it.
At the beginning, Sioux City obtained the development rights of this oil field only by investing in development equipment and manpower.
Although half of the oil must be allocated to the Brunei government, Tianwen Oil Company in Sioux City has priority to purchase that half of the crude oil first.
So, the oil field in Brunei will continue to provide crude oil to Tianwen Oil Company until the oil field is fully exploited.
The total storage capacity of this oil field in Brunei reaches 1.1 billion tons. This storage capacity can be exploited for many years.
One barrel of international crude oil is equal to 0.137 tons of oil. The 170 million barrels of crude oil in Sioux City are only 23.29 million tons of crude oil.
This shows how large the storage capacity of this oil field is!
Last year, Brunei’s annual oil production was only 11 million tons.
Of course, this is also because the Brunei government’s industrial strength is not strong and it is unable to mine on a large scale.
This is also the reason why they wanted to find a partner to exploit this oil field after they discovered it.
The Brunei government's own industrial capabilities are too poor. They really don't have the extra ability to develop this oil field, but they can't leave it undeveloped, so they recruit partners to develop it. It is the best way to make money without doing anything.
The oil field being developed in Sioux City is not being mined very fast every day. After all, Tianwen Oil Company is a new company.
But when the Tianwen Petroleum Company in Sioux City develops in the future, the mining speed will also increase and it will definitely reach the international advanced level.
As long as you are willing to invest money, there is nothing you can’t do.
Li Yihui was naturally very happy after hearing what Su Cheng said, so that he could go all out to develop Tianwen Oil Company with peace of mind.
“Boss, now many petrochemical companies from many countries have applied to us to purchase crude oil, so do we still sell crude oil?” Li Yihui asked.
"Sell, of course, sell as much as you have. You can also help me with the oil sales. The same goes for you. How much you can refine depends on your ability. Besides, even if all 170 million barrels of crude oil are sold out. , there is also a steady supply of crude oil from the Brunei oil field!" Su Cheng said with a smile.
Li Yihui can get a commission from the profits generated from the sale of crude oil after refining, so he is naturally very active.
Selling crude oil directly is the fastest way. You can make a lot of money without doing almost anything.
But if you can earn more, Su City will certainly not miss it.
However, even if Li Yihui increases the refining capacity of Tianwen Petroleum Company to ten times or more, it is impossible to refine all 170 million barrels of crude oil.
Therefore, we must continue to sell.
And judging from the current situation, the 170 million barrels of crude oil will definitely not be sold out so quickly in a short period of time.
After all, the petrochemical companies that purchase crude oil from Tianwen Petroleum Company are basically companies not far from Xiangjiang, mainly in East Asia and Southeast Asia.
They don’t just buy oil from Tianwen Oil Company. While buying oil from Tianwen Oil Company, they also buy oil from other oil-producing countries. Oil-producing countries around the world are still selling oil, but the supply is insufficient.
With Su Cheng's support, Li Yihui can't wait to go back and make plans immediately, ready for a big fight.
As Li Yihui, who once served as the Asia president of BP Oil Company, it is easy to know which refineries are for sale.
Moreover, in this case, it is definitely possible to buy it at a very low price.
After all, there are many refineries that have no oil to refine and are in a state of shutdown.
If you don't sell, you will be losing money every day. It's okay for a strong boss, but for a weak boss, the best way is to stop the loss in time and sell the refinery as soon as possible.
The same is true for gas stations. A weak boss cannot get gasoline or diesel and has to stop work and production. A strong gas station naturally has its own channels to get oil.
So, this can be regarded as a process of survival of the fittest.
In the past two months, Tianwen Oil Company has made a lot of money relying on its two refineries.
So the balance in the account of Tianwen Petroleum Company is still okay. There is no problem in buying some refineries and expanding production capacity tenfold.
The problem now is location selection.
Li Yihui is naturally more inclined to buy refineries in Xiangjiang and Singapore.
However, there are not many refineries in Xiangjiang, so there are not many choices.
On the other hand, in Singapore, because the government has always attached great importance to the energy industry, in addition to the international giant petrochemical companies, many private refineries have also been born in Singapore.
These are also Li Yihui’s most important considerations.
Li Yihui is from Singapore and has worked there for so many years. He has a very strong network of contacts and basically knows everything.
A few months ago, he was the vice-president of the Singapore Petroleum Industry Association.
So he can save a lot of time and money by acquiring an oil refinery in Singapore.
“Boss, I will make the arrangements properly. I will also be responsible for the oil sales to the end. I will also act immediately on the refinery. I don’t know how long this oil crisis will last. I hope to take advantage of this situation. The oil crisis will make our Tianwen Oil Company grow stronger, otherwise we will miss this rare opportunity, and we don’t know when we will encounter it in the future," Li Yihui said seriously.
“I agree very much with what you said. The oil crisis is a very good opportunity for Tianwen Oil Company. If it is other oil companies, it may not have such an opportunity, but I am in the oil crisis. Before the outbreak, not only did we store so much crude oil, we also signed a large oil field for Tianwen Oil Company. All of this is an opportunity for the development of Tianwen Oil Company," Su Cheng laughed.
Hoarding oil was something he had planned for a long time, but the oil field was a complete accident.
When he first approached Governor Mailihao, he didn't expect to get such an unexpected surprise.
Su Cheng talked with Li Yihui for nearly two hours, and then asked his bodyguard Lao Liu to take him back to the Nanyang Oil Refinery.
After Li Yihui left the villa, Su Cheng directly called Wei Li, the president of Hutchison Whampoa Group.
Su City strongly agrees with their strategy. In this case, it is natural to strongly support it.
However, Hutchison Whampoa is not short of funds now, and there is no need for the boss of Su Cheng to invest money. Direct support in attitude is the greatest support for Weili.
(End of this chapter)