Wang Sheng actually didn't want to appear so soon. However, when he saw Su Cheng and Zhang Rongsheng having a happy conversation, he couldn't help it.

If the two of them get the result, wouldn’t Formosa Plastic be fooled?

Wang Sheng held Su Cheng's hand and laughed: "I just received a call saying that Dahua Industrial has obtained the UAE oil concession? It's really surprising. CNPC seems to have tried it before, but it doesn't work at all."

CNOOC?

Su Cheng thought for a while before he understood, he smiled and said, "The CNOOC we are talking about is Taiwan's China Petroleum?"

"Yes, yes, yes, we also have a Chinese Petroleum." Wang Sheng patted Su Cheng's hand and smiled: "If we take over the oil fields in the UAE, Mr. Su Cheng's Dahua Industry will probably become the top 500 in the world. It's really enviable. You graduated from Peking University in 1987. My father also graduated from Peking University. You must have a chat."

Taiwan’s CNPC is now called “China Petroleum” and is similar to the China Petroleum Corporation changed by the Ministry of Petroleum, and is one of the top 500 in the world. It will be renamed Taiwan CNPC. In the island’s refined oil market, CNPC and Wang Sheng are fighting fiercely.

When Zhang Rongsheng saw them chatting, he held his breath. Seeing that Wang Sheng even gave out his grandfather's trick, he couldn't help saying, "Mr. Wang, you are not polite at all. I received Mr. Su first."

"Look at what Mr. Zhang said, why do you come first and then come to pick up people? Otherwise, let's go eat Wangpin's Formosa Plastic Steak together, and I'll treat you. Mr. Su, Formosa Plastic Steak is a restaurant dish specially for our Formosa Plastic Group to entertain VIPs. It was developed by the chairman's wife. Although it is a fully cooked steak, it keeps the beef tender. The absolute Chinese-style steak is completely different from the bloody steak of foreigners." Wang Sheng spoke very quickly, and there was no pause in the middle. He only gritted his teeth and used a positive sentence at the last sentence.

Su Cheng didn't like Zhang Rongsheng's Cao Qiaofeng, so he nodded and said, "That's to bother."

"Don't disturb me. In this way, let's go take a shower first, then have a cup of tea, then taste Formosa Plastic steak, and then arrange some programs that everyone likes. What do you think?" Wang Sheng wanted to squeeze Zhang Rongsheng away quietly. The programs that he likes are obviously not suitable for Mr. Zhang who is about to retire.

"Just tea and steak are fine, there is no need to show you like. Today is too tiring." Su Cheng smiled and grabbed Zhang Rongsheng with his other hand, which immediately made everyone in the Evergreen Group feel much better.

Wang Sheng smiled and said, "Some programs are actually not a problem. You can just lie down and rest."

Zhang Rongsheng couldn't help but coughed twice, and said, "Let's go and have tea first."

"Please." Wang Sheng took another step forward and welcomed Su Cheng into his car.

Zhang Rongsheng had no choice but to get on his Bentley and follow behind.

Formosa steak is really delicious!

Su Cheng has always liked to eat steak. This time, Wang Sheng made a mistake and chose his favorite project.

He ate one-third of the steak in one breath. Su Chengcai smiled and said, "It is indeed a Chinese-style steak. Although it is fully cooked, it is not less tender than fili. Well, especially the Chinese-style marinade, which is very distinctive."

Wang Sheng said happily: "What we eat is the chef's special Formosa steak. If you say that, he may be happy. Satisfied with the VIP is the greatest honor for our Formosa steak."

Su Cheng smiled without saying a word and continued to attack the steak. At the same time, he thought: In a hundred years, Formosa Plastics may be gone, and Formosa Plastics steak will probably still be there. Most of the corporate culture that Chinese companies develop is just a fool, so it is better to engage in corporate food. What else is more suitable for Formosa Plastics style than "fullly cooked Chinese marinated steak"?

The three of them were talking and used up their steak and fish.

After eating and drinking, Sucheng wiped his mouth with a napkin and said, "Taiwan is my first stop in financing. Formosa Plastics and Evergreen Group are also what I think are companies that are capable and interested in participating in oilfield financing. Now both representatives are here, let's talk about it together."

"Of course." Both of them stopped knives and forks.

"Celebrities don't say secret words. I believe that all of you have conducted investigations. In addition to the Dahua business, I personally own a small amount of shares of China National Petroleum Corporation, oil wells with a daily output of 1,000 tons, and two factories. My total assets are RMB 50 million, which is about US$15 million that is inconvenient to exchange. The oil field mining rights in the UAE start from US$30 million." Sucheng paused for a moment, looked at the faces of the two, and continued: "In order to ensure the winning bid, I hope to raise more than US$40 million, and US$50 million is better."

Before they could speak, Su Cheng chased after him, "I know, everyone will make various suggestions, but $50 million is not that much about oil concessions, right?"

"However, the underwriting contract you signed is really a time bomb. If it cannot be completed, the loan will be very troublesome." Zhang Rongsheng generously shared the news he just received.

Wang Sheng was indeed puzzled and said, "What underwriting contract?"

Sucheng then explained to him: "I decided to underwrite the 18 million tons of LNP in the UAE. If it cannot be completed, I will lose ownership of the oil field."

Wang Sheng was also stunned and said, "Your bet is so big. Do you know that the natural gas price in the past two years has been falling all the way..."

"The gas price is lower because the supply of natural gas in the United States is oversupply, but this situation will end soon. I guess within one or two years, they will introduce new bills to combat the Power Plants and Industrial Fuel Use Act." Sucheng did his homework.

"Even so, the risk is still very high." Wang Sheng smiled foolishly and said, "In fact, if we propose an underwriting contract, the UAE will also give us oil concessions."

"If the mates propose a contract, the mates will bear all the risks. Now, the mates only need to bear the borrowing risk." After Su Cheng finished speaking, he laughed twice and said, "Actually, from another perspective, I have paid such a huge price not only to get the oil concession, but also to get the promise of the oil field mining rights. If I cannot win the bid, the underwriting contract will no longer exist. So, the mates are borrowing a mate to an oil field owner."

Su Cheng pointed at himself.

"How do you guarantee the underwriting contract?" Wang Sheng always asked this question.

Su Cheng spread his hands and smiled: "Formosa Plastics should be able to solve 2 million tons of LNP, which is good for power generation and synthetic ammonia production. In addition, the mainland probably can solve more."

Wang Sheng now knew what Su Cheng was going to do. He laughed and said, "The cost of using LNP to generate electricity is more than 20% higher than that of using crude oil and coal."

"But it can reduce pollution and increase the company's sense of social responsibility. I remember that out of environmental protection and social responsibility, Formosa Plastics produces 1.6 million tons of liquid alkali every year, and the production method has been changed from the mercury method to the ion exchange membrane method. The increased cost here is 20%.

Wang Sheng smiled happily and said carefully: The UAE still has some traditional natural gas markets, such as the Middle East, Europe and the United States. It is no problem to continue selling millions of tons through the UAE government. If the remaining more than 10 million tons, if Formosa Plastic energy consumes 2 million tons and mainland China consumes another 3 million tons, then there will be only 5 million, up to 7 million tons. Although the task is arduous, it is not impossible.

In this way, the most important thing is to produce oil. As long as oil can be produced, the remaining natural gas underwriting agreement will not drag down Sucheng.

Wang Sheng thought so, but was worried: What if the oil cannot be produced?

Su Cheng quietly drank tea, and knocked on the table after a cup of tea, saying, "I can order a batch of equipment from Formosa Plastics, add some orders for synthetic ammonia. In addition, I can underwrite a certain amount of petrochemical products."

"You use this trick again." But Wang Sheng still took the bait. The financial crisis in 1987 was not large in scope, but it also affected the profits and sales of upstream manufacturers. The large petrochemical equipment of Formosa Plastics could not be stopped, and the inventory of warehouses increased a lot.

He couldn't help but ask: "How much can you underwrite it?"

"The 3 to 5 varieties with a total of no more than 100,000 tons." This is another huge promise, but Sucheng is not worried that the Chinese market has a strong ability to embezzle industrial materials. The US dollar he earns will eventually be exchanged for RMB, and it is not a problem to exchange it with industrial raw materials that are about to be in short supply.

Wang Sheng and Zhang Rongsheng now understand that Sucheng is gambling that the market is getting better and the world economy is recovering and prosperous.

However, such macro things are often the most difficult to judge.

"I'm going to make a phone call." Wang Sheng stood up and left the private room.

"I'll lose my companion for a while." Zhang Rongsheng also left.

It took about 20 minutes before the two of them returned to the dining table one after another.

At this time, the tabletop was replaced with pure tea and champagne.

"The price of natural gas is at the market, 15% lower than the market price," Wang Sheng said gritted his teeth: "At the same time, we will provide 4 million tons of crude oil to Formosa Plastics, and sign a 15-year supply contract at the current price. At the same time, we will underwrite 1 million tons of petrochemical products for a period of 15 years and bargain every five years. In this way, we can borrow 25 million US dollars."

Formosa Plastics is different from Evergreen. Formosa Plastics does petrochemical business, while Evergreen wants to do oil trade. Therefore, Formosa Plastics hopes to buy oil at low prices and sell products at affordable prices, while Evergreen hopes to obtain more oil.

As for natural gas, it is something that no one likes very much.

Sucheng naturally tends to be more Formosa Plastics, saying: "The price of crude oil is bargaining once a year, which is $25 million."

He knew that oil prices were about to rise sharply, but no one else realized it.

Wang Sheng obviously did not consider this situation, and couldn't wait to shake hands with Su Cheng and said, "Agree."

Zhang Rongsheng did not expect the two of them to make such a quick promise and immediately fell into an embarrassing situation.

After about 2 minutes, he said in a weak voice: "The 15-year transportation agreement between crude oil and natural gas can be paid in US dollars or oil. US$20 million."

$45 million, although it has not achieved the best goal of Sioux City, it is also an excellent answer.

Su Cheng suddenly relaxed.

Once the money problem is solved, then it is time to face the cruelest oil field bidding.

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Chapter completed!