We're building a super chaebol in Hong Kong

"How's the progress at the Brunei oil field?" Su Cheng asked.

That place was the first oil field Su Cheng took over for development, and also the beginning of Tianwen Petroleum Company's rise.

Therefore, Su Cheng still attached great importance to it.

Although he had to split the profits 50-50 with Brunei, Su Cheng was very satisfied with having half of the crude oil.

This was a super-large oil field that could be developed for many years.

In other words, Tianwen Petroleum Company would have a continuous supply of crude oil in the later stages, enough for the newly established oil company to refine.

Moreover, he would also spend money to buy the Brunei government's share of the crude oil in the future, meaning that all the oil extracted would eventually become his.

The current oil crisis would last for more than a year, so during this time, there would be no worry about selling the oil extracted.

After this crisis, even if the price didn't drop much, oil would become harder to sell.

Because as the oil crisis ended, the oil supply would naturally return to normal, and with sufficient quantity, people would start being picky.

"I just returned from the Brunei oil field last week. I stayed there for a week. The progress is very fast. We have already started trial operation of oil extraction. However, the extraction volume is still small. We will start extracting at a normal speed after all the equipment has been debugged. We extracted the crude oil from there for testing. The quality of the crude oil there is very good, very high quality. Winning the right to exploit this oil field is destined to make our company take off!" Li Yihui said with a smile.

"Very good!" Su Cheng nodded in satisfaction after hearing Li Yihui's words.

To be honest, when he took over this oil field, he didn't think about the issue of crude oil quality.

Fortunately, the quality was excellent, otherwise, it would have almost become a stain on his record.

After many years in business, he had never been defeated, but if he had failed on the Brunei oil field, it would have been embarrassing.

"By the way, boss, in the past two days, major oil companies in Singapore and oil companies in Dongying and South Korea have been contacting me again, hoping to sell oil to them," Li Yihui continued.

"Oh? It seems they are in a hurry for oil!" Su Cheng said with a smile.

"Yes, those oil-producing countries are now competing very fiercely, so the oil they buy is not enough, so they are trying to get our attention," Li Yihui replied.

"Is their demand large?" Su Cheng asked.

"Boss, wait a moment." After Li Yihui finished speaking, he stood up and took out a folder from the cabinet behind his desk.

"Boss, this is the amount they need temporarily. I have registered them all," Li Yihui handed over the folder.

Su Cheng nodded, took the folder, and opened it. There was only one piece of paper inside, and on the paper, the demands of these oil seekers were registered.

"Singapore Petroleum: 200,000 barrels of crude oil."

"Singapore Shell Branch: 300,000 barrels of crude oil."

"Singapore BP Branch: 300,000 barrels of crude oil."

"Dongying Nippon Mining Group: 600,000 barrels of crude oil."

"Dongying Idemitsu Kosan Co., Ltd.: 400,000 barrels of crude oil."

......

Total Demand: 3.8 million barrels of crude oil!

Moreover, this is only the demand of a dozen or so petrochemical companies nearby. If more distant places contacted him, there would be even more.

According to news in the newspapers, the current daily shortage in the oil market is already 6 million barrels.

However, Su Cheng was not worried that the price would fall quickly. It would be good to maintain a price of $40 per barrel, and there was even a high probability of a higher price.

Therefore, Su Cheng felt that these oil companies' worries were destined to be unnecessary.

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"What is the current international crude oil price?" Su Cheng asked.

"International crude oil is still rising, basically one price a day. Today it has risen to $37.8 per barrel, and it seems that there is no sign of stopping the rise. According to experts' estimates, in at most two days, the international crude oil price will break through $40 per barrel for the first time. As for whether it will rise after it rises to $40 per barrel, no one can be sure, because this price is already very outrageous!" Li Yihui replied.

From just over $10 to $40, it only took two months. No one expected this rate of increase. It was too exaggerated.

Therefore, some people predict that $40 should be the peak.

However, some experts also feel that the price of $40 per barrel is definitely not the peak, and crude oil will continue to rise.

Su Cheng himself could not determine how much this price would rise to, because the current oil price has deviated from the trend of another world.

However, Su Cheng did not intend to sell too much at one time. Selling a little now is just to recover some funds.

The future price is unknown, but it will not be lower than $40 per barrel.

So when it rises to $40 per barrel, Su Cheng can start slowly releasing oil.

170 million barrels is indeed a lot. In this era, no oil company has the ability to swallow it all at once.

Now is not the future. The demand for oil is not as great as it will be in the future.

"President Li, since they have demand, then wait for the oil price to break through $40 per barrel and start selling to them. Since you are free now, leave this matter to you. Be responsible for contacting them. I will send a financier from Kerry Bank to cooperate with you. My previous funds have basically been invested in crude oil. Now it is time to get some back so that I have money to continue investing in the oil base. The construction speed of the oil base is still too slow. No, I have to continue to increase investment and let the Tuen Mun oil base start production and operation as soon as possible," Su Cheng said to Li Yihui with a smile.

The money from these crude oil sales does not belong to Tianwen Petroleum Company, but to him personally, so Su Cheng will send a financier to follow, and then the money will naturally be transferred to Su Cheng's private account.

Su Cheng signed a contract with the Xiangjiang government that Tianwen Petroleum Company would not be taxed within five years.

In other words, Su Cheng does not need to pay taxes on the sale of these oil!

This can be regarded as taking advantage of the Xiangjiang government!