Rebirth 1982: Hong Kong Financial Magnate Famous Worldwide

Reborn in Hong Kong in 1982. In this year, the four major foreign trading houses were gradually declining. The top ten financial magnates and the four major families had already stepped onto the hi...

Chapter 325 Four-Party Talks

In a luxurious and bright conference room in the Ambassador Diaoyutai Hotel.

A negotiation involving a dispute over interests officially began.

A huge round wooden conference table was filled with people.

The participants were divided into four groups.

They are Wang Yilin, Chairman of China National Offshore Oil Corporation, and Song Wanpeng, General Manager.

Herbert and five others represented by Arco Petroleum Corporation of the United States.

Four people including Mo Zhexuan and Li Zhihui from China Gas Company.

Mutwa, a representative of Kuwait Petroleum Co., Ltd. and four others.

Wang Yilin is now in high spirits and no longer has to suffer from humiliation.

With a warm smile on his face, he solemnly introduced the identities of Mutwa and his group.

"First, let us welcome Kuvit Petroleum Co., Ltd. to participate in our Yacheng offshore gas field project!"

As soon as the words fell, they were translated by the translator.

Herbert and others from the U.S. Arco Petroleum Company all looked livid.

He wanted to pick up a knife and chop Mutwa and others from Kuwait Oil Company Limited.

This situation was naturally seen by people from both Wang Yilin and Mo Zhexuan.

Instead, he clapped his hands vigorously, feeling extremely happy deep down.

"Now let's officially start today's topic.

Before I start, I have a piece of news to announce.

The Yacheng offshore gas field project has reserves of not tens of billions of cubic meters, but more than 100 billion cubic meters.”

“So as the holder of the large gas field, we decided to increase the valuation of the joint venture from the original 500 million gold to 2 billion gold.

Does anyone have any comments?

"We have no objection," Mo Zhexuan spoke first.

This valuation has already been discussed with China National Offshore Oil Corporation, so naturally they would not disagree.

If I didn't agree, I wouldn't be sitting in this office today.

"We agree with this valuation," Herbert agreed in fluent English.

"Agreed!" Finally it was Mutwa's turn.

He nodded slowly in agreement.

In fact, I really don’t care whether we can cooperate on this project.

But since I'm here, I have to complete the company's tasks and establish good relations with China at the same time.

This is in line with national policy and is beneficial.

After all, China possesses nuclear weapons, and for this reason alone, it is worth making friends with.

Wang Yilin was not surprised and prepared to proceed to the second key topic.

That is the respective shares of the four parties and the conditions for cooperation.

"We will hold a leading position in the Yacheng offshore gas field project, with a 51% stake.

For the remaining 49% of the shares, we plan to have the US company Arco Petroleum invest 200 million US dollars.

Add technical support and corresponding equipment to invest, holding 25% of the shares. "

"Kuvit Petroleum Co., Ltd. invested 100 million euros and, with technical support, holds a 14% stake.

China Gas Company invested 200 million yuan to hold a 10% stake.

“What do you think of this suggestion?”

Herbert has received the latest instructions from the company headquarters.

Since the plan has failed, we will try our best to occupy more shares.

At least 35% of the shares must be guaranteed to maximize profits.

“We object to the participation of Kuwait Petroleum Company Limited in this project.

With our technology, we are fully capable of building the corresponding platform as soon as possible.

At the same time, there is no need to build corresponding submarine pipelines on the seabed."

Song Wanpeng then took on the bad guy role and expressed his opposition.

"I object! Kuvitneftegaz has been deeply involved in the oil and gas extraction sector for many years.

Its technical strength is also unique in the world.

Joining the project will definitely help in the development of large gas fields.”

Herbert pointed his finger directly at Mo Zhexuan and said with disdain:

“Then what role does Towngas play in joining the project?

We don’t have the technology, but we have the financial support, and we can definitely provide it.”

“The role of Towngas joining us will be invaluable to our country.

First of all, this is a company from Hong Kong, and secondly, once the deep-sea pipeline to Hong Kong is built.

The other party will become our biggest customer."

Herbert found that Mutwa was silent and tapping the table lightly with his right hand.

His eyes were fixed on him like an eagle, and his intuition told him that the breakthrough point might be with the other party.

“Mr. Mutwa! As far as I know, Kuwait Petroleum Co., Ltd. has countless projects in the country.

Why would you choose to come all the way to China to collaborate on a large gas field? This doesn't make sense!"

"We...are also trying to gain experience." Mutwa hesitated for a long time.

Then he stammered to explain.

In fact, deep down in his heart, he really doesn't want to have a bad relationship with the Americans.

But the company has made this decision, so we have no choice but to follow it.

The four parties discussed the issue in the conference room for three hours.

Still no agreement was reached, but with compromises from both sides, efforts were being made towards cooperation.

After four hours of hard work in the afternoon, a preliminary cooperation agreement was finally signed. The content of the cooperation is as follows:

China National Offshore Oil Corporation's 51% stake remains unchanged.

Arco Petroleum Corporation of the United States invested 200 million US dollars, provided technical support and related equipment, and holds a 32% stake.

Kuvit Petroleum Co., Ltd. invested 80 million yuan, provided technical support, and held a 10% stake.

China Gas Company invested 80 million yuan and holds a 7% stake.

After the cooperation agreement was signed, representatives from the four parties started talking and laughing.

As for whether we will experience intrigue and scheming in the future project cooperation, only God knows.

We had dinner together at the Ambassador Diaoyutai Hotel in the evening.

Under the temptation of delicious food and fine wine, everyone forgot about the verbal battles and table-slamming scenes at the negotiation table.

This is what modern civilized people do. They no longer draw their swords against each other like in ancient times.

Instead, they achieve their goals through negotiation. Of course, if they want to gain greater benefits, it depends on their own strength.

If corresponding interests cannot be obtained at the negotiation table.

Then force will once again become the main means.

If there was no military support behind the US Arco Petroleum Corporation.

Then the Chinese side would probably have given up on the other side long ago. If you don't want to cooperate, just get out.

But there is no way, the US military base behind is not far from the Yacheng sea area.

If there is trouble every other day, it will be almost impossible for the project to be carried out smoothly.

Looking beyond the surface to the essence, this is the naked reality.

All fairness is based on corresponding strength.

Once you have the power, you can change the rules yourself.

If you don't have the strength, then the rules are tailor-made for you.