"Since then, the proportion of Baku oil fields in the Soviet Union's oil production has become smaller and smaller. In 1970, Baku's oil production accounted for only 5% of the Soviet Union's annual oil production. By 1980, this proportion had dropped to a pitiful 2%. Later, the Soviet Union collapsed and Azerbaijan became independent. In the new century, Baku's oil reserves were close to exhaustion. Therefore, there are many old oil fields here, and it is estimated that there are still billions of tons of sticky, unrecoverable oil. Most of these old oil wells have been closed for decades, and some have even been closed for hundreds of years. Xiaojing, whether we can find an oil field that has been 'revived' from these old oil wells depends entirely on you."
Yang Jing nodded and said, "Uncle Guo, didn't you call me here just to do this kind of thing?"
Guo Dabao chuckled and didn't respond to the conversation.
Yang Jing sighed, changed the subject and asked, "Uncle Guo, how many old oil wells did we buy this time?"
"A total of 625 old oil wells were purchased, costing a total of $110 million!"
This number made Yang Jing gasp, "Oh my God, are you planning to tire me to death?"
Guo Dabao spread his hands helplessly and said, "What can I do? This is not my decision. It is a quota imposed by the higher-ups. Now our Rongbao Mining is building two precious metal mines in Papua New Guinea. I don't want to invest so much money in these old oil wells. If the higher-ups hadn't given our company a loan this time, do you think I could have bought so many old oil wells?"
After a pause, Guo Dabao continued, "The reason why the higher-ups are forcing this matter down this time has a lot to do with our partners this time."
Yang Jing asked doubtfully: "Who is our partner this time? Is it worth it for the country to spend so much effort to buy so many useless old oil wells?"
"Vajgit Alekperov, do you know this person?"
"Sounds familiar."
"The owner of Russia's Lukoil Oil Company, one of Russia's oil oligarchs, and a staunch supporter and good friend of Tsar Putin. He is a local of Baku, where he was born and raised."
"Lukoil? The Russian oil company that first started cooperation with China?"
"Yes, it is the Lukoil Company. Because Lukoil Company had a good cooperation with China before, our Rongbao Mining was able to buy these old oil wells from Alekperov this time."
Yang Jing rolled his eyes and said unhappily, "Uncle Guo, we are not begging Alekperov, right? He should be begging us. These old oil wells are almost not producing oil anymore, who will buy them? We paid more than 100 million US dollars in real money, I guess Mr. Alekperov is secretly happy now."
Guo Dabao gave a helpless smile, "Xiao Jing, this is something we should talk about between the two of us. Don't tell outsiders about it. Also, we spent more than 100 million US dollars to buy these useless old oil wells. Isn't it because you are supporting them? If you can find a few more old oil wells that are 'alive' among these old oil wells, we will still make money!"
"Uncle Guo, you think too highly of me, don't you? There are more than 600 old oil wells here. How long will it take me to look at them one by one?"
"Hey, Xiao Jing, let me tell you, although there are many old oil wells, they actually belong to two different oil fields. They are basically concentrated together, so you don't have to travel that much."
"Moreover, in order to show his importance to this cooperation, Mr. Alekperov has flown from Russia to Baku. He has now prepared a banquet in his own manor and is waiting to welcome you."
Yang Jing patted his forehead, sighed helplessly and said: "Uncle Guo, no matter what, I am the one who suffers the most."
"Hey, Xiao Jing, who made your ancestral Qi-watching technique so magical? This is an oil field. Show us your true abilities and let's find a few more surviving oil wells in Baku. I'm still waiting to open a branch in Baku!"
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