Reborn American Giants

In the exquisitely decorated large conference room, the Sifang Company delegation was seated. Tom Upton, the chief operating officer of Texaco, was having a heated debate with Steve Black of Exxon Petroleum. Perhaps he had already reported the situation to the board of directors.

On behalf of Exxon, Steve finally raised the investment by 2% and decided to invest 37% of the total project construction in the Golden Gulf Oilfield Project.

But it is obvious that Texaco's Aaron Elvis has lost the reason a businessman should have at this moment. He just wants to take revenge for the previous one, and he kills 40% of the investment amount without wavering, and negotiates

There was a stalemate.

Victor coughed and broke the situation between the two parties, "Gentlemen, I know that everyone is fighting for their own interests. I quite understand and support this, but we cannot delay this indefinitely.

, all situations are urging us to seize the time. Nicholas Brathwaite is launching an election in full swing. He has the support of your US government behind him. It is only a matter of time before he wins the election and comes to power.

You know, BP, Shell, Chevron and Gulf Oil are not satisfied with us occupying such a high-quality oil field. If any changes are caused and everyone's interests are damaged, I think this is not what we want to see...

"

No one objected to Victor's words. The Nicholas Bravest he mentioned was the leader of the Grenada Democratic Alliance. He had the support of the US government and was actively conducting propaganda before the national election. According to Victor's investigation

The information obtained shows that Nicholas Bravest is an energetic politician with a tough attitude. After he comes to power, he will definitely be dissatisfied with the share of oil fields owned by the Grenadian government, which will cause changes.

That's why Victor urged the four parties to sign an agreement as soon as possible and start the establishment of a joint energy company and the oil development of the Golden Gulf.

Exxon's Steve Black understood what Victor was saying very well. Even if the two oil giants Exxon and Texaco united, they would not be without challengers. He turned to face Aaron Elvis.

Said: "Exxon is very willing to put aside the past grudges with Texaco and immediately

Reaching cooperation, Aaron, I sincerely apologize to you for the trouble that Exxon caused to Texaco some time ago. I hope that for the benefit of everyone, Texaco can temporarily shelve the dispute with Exxon.

Controversy, together we will become the dominant force in the energy industry."

"What a cunning bastard," Aaron Elvis cursed secretly. In order to successfully reach an agreement, Steve Black had lowered his posture so much that now everyone's eyes were focused on Texaco.

Aaron is under all the pressure from other people,

The reason why Texaco insists on holding a 40% share is not, as Aaron showed, out of retaliation for Exxon’s small actions some time ago. Several major credit rating agencies have given Texaco credit

The damage caused by downregulation is much more serious than outsiders imagine.

Even though the news about the Grenada oil field was announced, the stock price stabilized, and the White House expressed support, Congress also stopped supporting Penzel because of Exxon, and the Judiciary Committee investigation died down.

However, Texaco's credit rating was downgraded from aa to baa by Moody's, which means that the company's credit is average. Although the investment interest and principal are guaranteed, it is unreliable and lacks for a considerable period of time.

Excellent investability.

Before the three major credit investment institutions were exposed to the rating scandal because of Enron, investors in the financial market still believed in the ratings of investee companies by the three major rating agencies, S&P, Moody's and Fitch.

In the early stage, the US$10.1 billion that Texaco raised to acquire Getty Oil had already drained the company of its liquidity, and it also made large "repurchase loans" to Deutsche Bank and Morgan Stanley, allowing the company to

Suffering heavy debt pressure.

Now Texaco must obtain the right to operate oil fields in Grenada in order to boost morale and stabilize investor confidence, and it must raise large amounts of financing again.

The result of the credit downgrade has made such financing extremely difficult. Aaron has consulted the company's financial director Jimmy Vincent and the head of the financial department Alex Shelton. Texaco wants to rely on issuing bonds to raise funds.

Securing sufficient funds to develop Grenada's oil fields has become somewhat difficult.

Therefore, Aaron needs to join forces with Victor and Royal Doulton to force Exxon to invest 40% of the project construction investment to share the financial pressure for Texaco.

40%, this is the optimal result obtained by the company's financial department after careful calculation. Any more, and Texaco may lose its qualification as an operator.

That's why Aaron gritted his teeth and refused to give in to Exxon.

But now, everyone's eyes are on him, and the responsibility for blocking the signing lies entirely on Aaron's shoulders. However, Aaron cannot disclose Texaco's current situation to the other three parties, so he can only respond with silence.

"Gentlemen, I have a proposal, I wonder if you can approve it."

Victor's words caught the attention of Aaron Elvis, who was in a dilemma. He raised his head and said to Victor: "Please tell me, Victor, I believe your proposal will be very helpful to our current situation."

Victor stood up and smiled slightly at Aaron Elvis and Steve Black, who were watching him. "I think my proposal will be very beneficial to Texaco and Exxon," he paused slightly.

After a moment, Victor continued: "The current difference between Texaco and Exxon lies in the 3% project construction investment. If, of course, this is just a proposal..."

"If Green Bay Energy is willing to pay 3% of the project construction costs, what do you think?"

Aaron and Steve looked at each other. They had never expected Victor to take the initiative to shoulder 3% of the oil field construction investment.

This is not a small amount of money. The investment in the construction of such a super offshore oil field can reach three digits. The unit of measurement is billions and the currency is r.3%, which means that Victor will spend hundreds of millions of dollars in vain.

"Pa bang bang..."

Oliver Levine, representing Royal Doulton Oil, took the lead in waving his hands and applauding Victor. While applauding, he said with a smile: "Victor, 3% is not a small amount. Green Bay Energy can work for everyone's benefit."

It's amazing, Aaron, Steve, I think we should give Victor a little round of applause."

Aaron and Steve hesitated for a moment and clapped their hands. Everyone present saw the actions of the bosses and followed suit. If the reporters standing guard at the Marriott Hotel heard the applause in the room, they would definitely think it was

This is a four-party agreement that has been signed.

"Thank you all very much, but I think you may have misunderstood," Victor said as he waited for the applause to stop, with a smile on his face, which made Aaron and Steve look at each other for a rare moment, and both sides seemed to be able to understand each other's eyes.

The meaning conveyed in it is "coming..."

“Green Bay Energy’s commitment to invest 3% in project construction is not unconditional.

But I think this condition is very simple for Exxon and Texaco."

"I hope Texaco and Exxon can help Green Bay Energy build a refinery with a daily capacity of 400,000 barrels in El Salvador. Of course, Green Bay Energy will pay for the construction cost of this refinery."

This is the condition for which Victor would rather spend hundreds of millions of dollars in vain. According to what he said, the refining capacity is 400,000 barrels per day, which is about 20 million tons per year, which is enough for Green Bay Energy to monopolize the energy market in El Salvador.

Faced with Victor's conditions, Aaron seemed a little hesitant. With Texaco's capabilities, a refinery with an annual output of 20 million tons is just a small matter, but why does everyone know that refined oil is more valuable and sold more expensively?

What oil-producing countries in the Middle East can only choose to sell crude oil?

In addition to technical and environmental reasons, the most important thing is that after the collapse of the Bretton Woods system, "petrodollars" became a weapon for the United States and the Soviet Union to compete for hegemony, and Western governments and companies would not allow others to share their interests.

Therefore, Victor's desire to acquire an oil refinery is not as easy as it seems on the surface.