After Xuan Yizhu sat down, he took out a document from his briefcase.

"This is an agreement to terminate the Brazilian power plant project."

Park Jin Hyuk picked up the agreement and flipped through it. He was not concerned about the content, but the value of the agreement.

At this time, Han Ji-yeon walked in with some fruit.

"President Xuan, long time no see."

Xuan Yizhu stood up and said, "Hello, ma'am."

"You guys chat, I won't disturb you." Han Ji-yeon put down the tea and fruit plate and was about to leave when Park Jin-hyuk stopped her: "Don't be in a hurry to leave, come and listen too."

Han Ji-yeon would not interfere or participate when Park Jin-hyuk was working, but for some reason Park Jin-hyuk called her today.

Han Ji-yeon hesitated and sat down next to Park Jin-hyuk.

After reading the agreement, Park Jin Hyuk said, "I think it's fine, let's execute it according to the agreement."

"The termination of the Brazilian power plant project will cause us a loss of about 400 billion won. After announcing the first countries to launch vaccines, Brazil expressed its gratitude and said it would purchase 1,000 excavators, wheel loaders and other heavy equipment from DS Heavy Industries, with a value of more than 1 billion US dollars, which can make up for some of the losses."

"Being able to complete this project with 400 billion yuan is already quite good. Don't worry too much about the losses."

"yes."

If it weren't for the flu epidemic, it would not be easy to spend 400 billion to terminate this project, because the termination of the project also involves the issue of liquidated damages.

The Brazilian government not only waived the penalty for breach of contract, but also purchased heavy equipment from DS. Of course, they also had this consideration, which was to hope that DS could continue to provide them with vaccines.

The agreement brought by Xuan Yizhu contained relevant content.

Park Jin Hyuk returned the agreement to Hyun Yi Soo and asked, "Have you found Han Shenghao?" Then, he said to Han Ji Yeon, "The content to be discussed later is also related to you."

Han Ji-yeon heard that he was asking about the whereabouts of the secretary-general of Qingyu Group.

"Han Shenghao has gone abroad and is currently in Hong Kong."

"Can you find a way to get him back to Korea?"

"He used a fake passport, so he could be extradited back to China. But the problem is, if we send him back, Qingyu will know about it."

"Hmm..." Park Jin Hyuk lowered his head and thought for a moment, "Then why not send someone to monitor him first and see how Qingyu reacts?"

"Right now, this is the best option."

"Okay, let's do this... Is there any movement from Qingyu recently?"

Xuan Yizhu did not answer immediately, but subconsciously glanced at Han Jiyeon.

Park Jin Hyuk understood what he was worried about and said with a smile, "Don't worry, after my wife and I get married, she will no longer belong to the Qingyu family, but to the DS family."

Hearing his boss say this, Xuan Yizhu quickly apologized: "I'm sorry, I overthought it."

"It's normal for you to be worried," Park Jin Hyuk asked again, "What's the situation with Qingyu?"

"They are taking back the shares that Han Shenghao held on behalf of Chairman Han."

“Didn’t they move the shares directly held by Chairman Han?”

"It seems to have paused. Your countermeasures must have taken effect."

Park Jin Hyuk said, "How much effect will it have if we just take back the stocks we hold on behalf of others?"

"Yes, Li Yongbin and I both believe that simply reclaiming the shares held on behalf of others will not have a significant impact on Qingyu's control."

"What further preparations do you think we should make? If Lee Jung-sook were to attack, where would she strike?"

"I think DS Energy is the most likely target."

"DS Energy was originally Qingyu's company, and recently it suffered a heavy blow due to the plummeting oil prices..." Park Jin Hyuk analyzed.

"Therefore, I suggest that we establish countermeasures to deter her from acting rashly."

Like an Achilles' heel, DS Energy is currently the most vulnerable part of the DS Group.

But Park Jin Hyuk shook his head: "No, let her come, we can use it as a trap."

*** *** ***

In Park Jin Hyuk's office, President Kim Dong Seok is discussing with Park Jin Hyuk how to ensure DS Energy's oil supply.

"Director, do you mean not to sign a long-term crude oil contract?"

"Yes." Park Jin Hyuk replied.

Deputy Minister Li Yongbin, who was sitting next to him, looked at the tablet in his hand and said:

"DS Energy currently has 20 million barrels of crude oil in stock. Assuming a daily consumption of 100,000 barrels, this can be used for 200 days, or about seven months."

"Refiners sign long-term supply contracts to ensure crude oil supply for the next few years. If they only rely on this little inventory, it won't work."

The price of crude oil has now risen to more than $30 per barrel. If the vaccine is successfully launched on the market, oil prices are likely to return to the pre-epidemic level of $60.

Kim Dong-seok said, "Therefore, I think a long-term contract of at least three years should be signed."

If you sign the contract now, you can purchase it at a price of more than 40 US dollars.

He continued, "The technology transferred to us by Aramco for converting residual oil into gasoline and propylene is very practical. After refining propylene, we can produce high-value-added polypropylene and propylene oxide. Therefore, we should now increase the equipment and ensure the corresponding crude oil supply."

In order to ensure the supply of vaccines, Saudi Arabia transferred its residual oil conversion technology to DS free of charge, and also expressed its willingness to continue to supply crude oil to DS.

After listening to Kim Dong-seok's words, Park Jin-hyuk nodded and said, "You have a point, but that is something we need to do in the future. But right now... it is not the time to sign a long-term contract."

Li Yongbin also helped Park Jin Hyuk persuade Kim Dong Seok: "President Kim, crude oil reservers usually hold a certain amount of inventory. We can buy from them now."

Buying from crude oil reserve holders might be cheaper, but that can only be a temporary solution.

For refineries that consume tens of millions of barrels of crude oil each year, it is impossible to rely on reservers with only a few million barrels of inventory to supply crude oil.

"Does the Strategic Management Office even understand the business? How can they give such advice?" In a moment of desperation, Kim Dong-seok blurted out, "When DS acquired me, I had no intention of staying with the company, so I just did whatever Chairman Park Joon-man said. But now it's different. I consider myself a member of DS, so I have to voice my opinions."

He continued to plead earnestly with Park Jin Hyuk, "DS Energy has finally emerged from the crisis, and the refining business can definitely become a stable cash cow business, so please reconsider my opinion."

He thought that Park Jin Hyuk was unwilling to accept his advice because he did not understand the refining business.

At this time, Li Yongbin said: "To be honest with you, we have reached a crude oil supply agreement with the supplier."