Time flies, and it is already the middle of the year.
However, the economic situation has not improved, but has tended to worsen.
On the way to DS headquarters, Kim Jun-woo said to Park Jin-hyuk:
"Chairman, President Guo said the contract has been signed with Aramco. Aramco requires the transaction to be kept strictly confidential, and they rarely conduct such transactions with individuals."
"The situation is special now, so they have no choice but to agree."
"In the contract, they required the price to be calculated based on the price of West Texas Intermediate (WTI) crude oil."
"Oh? What are these Middle Eastern people thinking?"
Park Jin Hyuk couldn't help but widen his eyes.
Today, the second quarter settlement meeting was held at DS headquarters.
Following Hyun Yi-soo's advice, Park Jin-hyuk brought more than 10 people to attend the meeting.
This mighty display achieved the desired effect.
From the moment Park Jin Hyuk arrived at the headquarters and got out of the car, everyone's attention immediately shifted to him, and executives from subsidiaries came up to greet him one after another.
Park Jin Hyuk continued to talk with Kim Jun Woo about the previous topic as he walked.
Jin Junyu said:
"If Dubai crude oil is used as the benchmark, the price fluctuation will be very small, so Aramco made this decision."
"Switching to WTI as the benchmark is a case of outsmarting oneself."
Park Jin Hyuk couldn't help but laugh at Ami's request.
Although it is the same crude oil, due to different origins, the specific gravity and sulfur content will be different, resulting in different refining costs.
The lower the sulfur content, the cheaper it is to refine.
The sulfur content of WTI is around 0.24%. Compared with Dubai and Brent crude oils, which have a sulfur content of 2%, it is a high-quality crude oil, so its price is usually 3 to 4 US dollars more expensive.
However, compared with Dubai crude oil, WTI is more sensitive to price changes. Currently on the Chicago Mercantile Exchange, the price of WTI has fallen lower than that of Dubai crude oil, which means that it has greater room for growth.
Park Jin Hyuk naturally agreed with Aramco's request.
"But Dongjing Industry..."
Jin Junyu said embarrassedly.
Park Jin Hyuk seemed to have guessed what was going on and said:
"Is it that Dongjing Industry can't wait?"
"Yes, Chairman Li Zhongwu intends to make the deal immediately, and no matter how much I try to persuade him, it won't work."
"I understand. How can you not be anxious when you're paying tens of thousands of dollars a day for boat rental?"
"President Li reported that the shipowner has been contacting us, saying that if we don't need the ship, we can cancel the contract and they are willing to pay a certain amount of liquidated damages."
Kim Jun-woo said this and walked into the elevator with Park Jin-hyuk.
"Why?"
"The rental rates for oil tankers are constantly rising and are now three to four times higher than before."
"Well, it means someone has started buying a large amount of crude oil."
As he was speaking, the elevator door opened.
Park Jin Hyuk walked out of the elevator.
Xuan Yizhu, who arrived earlier, stepped forward and said:
"Chairman, you are here."
The presidents from Park Jin Hyuk's faction all came over.
Park Jin Hyuk said:
"Hello everyone."
"Hello... Chairman, you look great. They say a man's complexion improves after marriage, and it's true."
"Haha, really?"
Park Jin Hyuk agreed with a smile.
Now Han Ji-yeon gets up early every morning to prepare breakfast for him, so he no longer has to make do with it like before.
While chatting and laughing, Park Jin Hyuk walked into the meeting room.
Among the people chatting in groups of three or four, Park Jin Hyuk saw Park Sang Hyuk at a glance.
He walked over.
“Sang Hyuk.”
"elder brother……"
Park Jin Hyuk put his arm around his shoulders and whispered:
"Now you are also considered a member of DS Group."
Park Sang-hyuk nodded.
In the past, WEST Aviation was only a joint venture of DS and had always submitted written reports to the chairman.
After being acquired by DS Heavy Industries, it officially became a member of the DS family, so Park Sang-hyuk also began to attend meetings at the headquarters.
"elder brother……"
Park Sang-hyuk hesitated.
"What's the matter?"
"...Did you know that Mom moved to Yangping?"
"I know."
"She said it was because of her father... that she... had to leave Seoul?"
Seeing his younger brother asking him this question, Park Jin Hyuk smiled and said:
"I was just about to mention this. I went to see the house at the foot of Bukhan Mountain a few days ago. It's very nice. You should move in there."
"...Let me move too?"
At this time, two executives from the subsidiary company came over and bowed to Park Jin Hyuk.
Park Jin Hyuk nodded in return and looked at his half-brother meaningfully:
"Do you know why they respect me so much?"
Park Sang-hyuk did not answer.
"...So they acknowledge my leadership, but do you know where this respect comes from?"
Park Sang-hyuk looked up at him.
“Respect the fear of the gods. Without fear there is no respect.”
Park Sang-hyuk lowered his head.
From this moment on, he finally realized that his once easy-going and friendly elder brother had become a fearful person in his heart.
Park Jin Hyuk patted his shoulder.
"You're married now, so it's time for you to go out and live on your own. I've already helped you with your affairs, so don't make it difficult for me. Just move out with your wife. Don't worry, I've already made an agreement with your mother to take care of you in the future."
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