Chapter 375 Buying an Oil Refining Company
After Su Cheng sat down, Li Yihui poured a glass of hot water for his boss.
The office environment 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 based on neighboring countries and Mainly regional.
As of yesterday, the contracts we signed have sold a total of 56 million barrels. Boss, of your 170 million barrels of crude oil, only 114 million barrels are left.
The average selling price of these 56 million barrels is US$47.65 per barrel, so we sold each of them for US$2.6684 billion, mainly because the first time we sold it was only US$40.6 per barrel, otherwise the average price would still be there. higher. ”
This morning in Sioux City, there was information about the latest international crude oil price in the Xiangjiang Commercial Daily.
It said that the current international crude oil price is US$49.68 per barrel.
So, the average price received by Su City is actually quite good, and he is very satisfied
There is endless money to be made, more or less means nothing to him.
2.6684 billion U.S. dollars. Based on today’s exchange rate, that’s a full 12.8 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 it is a large company, still owes a lot of money to banks. It is obvious that the scale of the company is very large, but it has to use Wharf stocks to deal with the maturing debt of hundreds of millions of Hong Kong dollars. Cash out.
“Boss, you deserve the title of the richest man in the world!” Li Yihui said with emotion.
He has never seen an individual possess so much money.
Internationally, some families may be able to spend so much money, but those are funds accumulated by a family over many generations.
As for Su Cheng, he relied on himself to obtain such a huge fortune in a short period of time.
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 300 to 400 million yuan. This kind of wealth is not even accessible to the top tier rich in Hong Kong, let alone the second tier rich. It is different from what Su Cheng has now. Compared with wealth, there is a huge difference.
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 that. 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.
In terms of selling oil, Li Yihui was just helping and had nothing to do with his performance.
The funds are all transferred to Wandehan Bank, and the financial officer sent by the bank is 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 making a profit 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 6 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 They also bought oil from us. They signed a contract with us yesterday and rented 6 oil tankers from the chartering 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.
Today, more than 10 billion Hong Kong dollars have been repaid. What makes him rich is that 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 the page, Li Yihui explained: "I used my previous relationships and connections to look for suitable oil refining companies during this period, and found a total of 4 large oil refining companies. 7 large oil refining companies, and 8 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. meaning.
Four large-scale 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 business in Asia, so he knows the oil companies in Asia very well.
It is precisely because of this that Li Yihui can easily be found in Asia. The information he needed was impossible for anyone else to find so many oil refineries 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)