Sadam Hussein was taken aback for a moment, then a look of delight crossed her face. "Mr. Bao, can you tell me what the project is?"
Bao Junyi smiled slightly, and said with a hint of mystery in his tone, "Actually, during my trade with the Bear Country, I purchased a large number of weapons and equipment that were obsolete in the 1950s, 1960s, and 1970s."
"Although these equipments are very old, they are well maintained."
"Once modified by our miracle engineers, it can be comparable to the first- and second-tier weapons currently in service."
Sadam Hussein's eyes flickered with suspicion when he heard this. "Mr. Bao, are you saying that these scrap metals can be transformed into good projects?"
"Although Iraq is not a major power, we will not equip ourselves with these obsolete, junk weapons."
Bao Junyi smiled and said confidently, "Mr. Sadam, please listen to me first."
"After our transformation, the performance of these obsolete tanks, armored vehicles and other weapons can fully reach the level of current equipment."
"Moreover, the price is only about half of the current equipment."
Sadam Hussein's eyes gleamed, and he spoke with a hint of excitement, "After the transformation, can it really be comparable to first- and second-tier weaponry?"
Bao Junyi nodded: "Yes, and the price is low, the cost performance is very high."
"Mr. Bao, how can we cooperate on this project?"
Bao Junyi smiled and said with a bit of businessman's shrewdness, "I want to set up part of this transformation factory in Iraq."
"However, you need to provide land, factories, workers and related materials, while Miracle Group will provide talent training, technical backbones and supply."
"We'll split the profits 20:80. What do you think?"
Upon hearing this, Sadamu showed a hint of embarrassment on her face and said, "I'll take 80%... isn't that inappropriate?"
Bao Junyi rolled his eyes at him and said unhappily, "You know it's not appropriate, right? Then do you think 80% is appropriate?"
"Then...Mr. Bao, what do you think is the appropriate allocation?"
"How about you split it 80-20?"
Sadamu's face was gloomy and her tone was cold: "Mr. Bao, this distribution is not fair to us."
"After all, we provided the site, raw materials, and workers, but only took 20% of the profits. This doesn't seem right."
Bao Junyi sneered: "Oh? You think 20% is too little?"
"If so, I can go to Sate. I'm sure they'll be very interested."
"Also, this 20% is because of your previous arms purchase. I only give 10% to ordinary people."
Sadam forced a smile. "No, don't be like that. 20% is 20%. However, the modified weapons and equipment must be sold to us in Iraq first."
"That's no problem. As long as you can afford it, it doesn't matter who you sell it to."
"But you, the military, must ensure the safety of the factory and prevent enemy bombing."
Saddam was full of confidence: "No problem, Iraq is also a powerful country in the Middle East."
Bao Junyi nodded without objection.
After all, in the early 1980s, Iraq and Iran had not yet fought an eight-year war, and both countries were powerful countries in the Middle East both economically and militarily.
However, that war directly led to the collapse of the economies of both countries.
Afterwards, Sadamu and Bao Junyi had lunch together.
Regarding the selection of oil fields, Sadam took out the distribution map of Iraqi oil fields.
Bao Junyi watched while the secretary next to him introduced.
Finally, after weighing the pros and cons, he said, "Mr. President, let's start formal negotiations now."
Sadam nodded and asked, "Which oil field are you going to choose?"
"The Bailey Oil Field!"
Sadam was a little surprised. He didn't expect Bao Junyi to choose the Lubaier Oil Field instead of the Lumaila Oil Field with larger reserves.
Although the Lumaila oil field has the largest reserves, he would not agree even if Bao Junyi chose.
However, although the reserves of the Lubaier oil field are only 1.2 billion barrels, the quality is one of the best, which makes him a little embarrassed.
Bao Junyi continued: "Mr. President, is there any difficulty?"
Sadam shook her head and said, "No, it was just a little unexpected."
"Due to its average reserves, the development of the Lubaier oil field is slow."
"If Mr. Bao takes over, he may need to purchase a large amount of equipment to build an oil refinery."
"As for the oil field shares, I will negotiate with other companies and it will take a few days to hand them over to you."
Bao Junyi nodded and said, "No problem, I will ask the group to purchase the relevant equipment and talents."
"As for the construction of the refinery, I don't plan to build it in Iraq, but in mainland China."
"I plan to transport all the extracted crude oil back to the mainland for refining."
Sadam was stunned for a moment and said in surprise: "Mr. Bao, I remember that China is still very backward. You built the refinery there..."
Bao Junyi waved his hand: "That was in the past. Now the mainland is booming."
"Now that the economy has developed rapidly following reform and opening up, future demand will surely be huge."
"So, I plan to build an oil refinery there as well. It's close enough to supply the needs of Hong Kong and the mainland."
Sadam nodded and said with a hearty smile, "Mr. Bao, I didn't expect you to have such a long-term vision. No wonder your business empire has grown so big."
"Later, I'll have my secretary take you to the oil field for an on-site inspection, and I'll host a welcome party for you in the evening."
Bao Junyi smiled and said, "Then I'll trouble you, Mr. President."
......
Afterwards, Bao Junyi left the Presidential Palace.
The secretary arranged a convoy to take them out of Bageda and head to the Lubaier oil field, 25 kilometers southwest of Basila City.
After a brief survey, Bao Junyi and the technical team confirmed that this was the oil field in later generations.
Although only 1.2 billion barrels of oil were detected in the Lubaier oil field due to technical problems, the actual reserves are 4 billion barrels, which is completely sufficient for the 20-year usage rights.
Moreover, high-quality oil fields are easier to refine in the later stage and generate higher benefits.
Bao Junyi said to the technicians, "How's the oil field survey going?"
"Bao Sheng, the preliminary survey basically meets the parameters."
"If we use advanced equipment to survey, the number may exceed the 1.2 billion barrels provided by Iraqi officials."
"It may even exceed 3.5 billion barrels, becoming a large oil field."
Bao Junyi nodded with satisfaction: "Very good, you will stay here and assist in the development of the oil field."
"As for your salary and benefits, they will be doubled, and you will also receive round-trip airfare every year."
"Will you stay?"
The technician excitedly said, "We guarantee the birth of a child. We are willing to do it. We are all willing to do it!"
Miracle Group’s business trip benefits are already generous, with doubled salary and various benefits. Who would want to go back to Hong Kong?
......
As night fell, Sadamu held a grand welcoming banquet for Bao Junyi.
At the banquet, Bao Junyi and Sadamu raised their glasses and drank together, creating a harmonious atmosphere.
However, both of them knew that there were huge benefits and risks hidden behind this cooperation.
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