We're building a super chaebol in Hong Kong

#412 - Successfully acquired the refinery

Thanks to the establishment of the Tuen Mun Oil Depot, the government has invested a lot of effort in the infrastructure here.

The wide asphalt road extends from Tuen Mun New Town all the way to the seaside.

The address of the Castle Peak Power Station is about three kilometers south of the Tuen Mun Oil Depot, also by the sea.

The government strongly supports the investment in power plants as a public utility, so there is also a main road extending to the site of the Castle Peak Power Station.

Su Cheng's destination is the Tuen Mun Oil Depot, but before going to the oil depot, he plans to take a look at this planned future largest power station in Hong Kong.

When the car came to the seaside, Su Cheng saw the construction site from a distance.

At this time, only a small half of the entire land reclamation project has been completed.

It's just filling the area for a power plant, so the amount of work is not large, and there is an almost inexhaustible supply of soil and stone next to it, so the difficulty is not great.

However, the work on site has stopped today, and all construction vehicles such as bulldozers, excavators, and dump trucks are neatly parked on an open space at this time.

The reason for the shutdown is naturally waiting for China Light and Power Company and Hong Kong Electric Group to complete the handover.

After the handover, this side will be handed over to the Hong Kong Electric Group, and by then, the construction will be carried out by the Hong Kong Electric Group's own construction team.

Hong Kong Electric Group has been developing the real estate industry for nearly three years, and has a sound and efficient construction team, and does not need to use the engineering team of China Light and Power Company.

Moreover, even if the Hong Kong Electric Group's construction team cannot undertake this project, Su Cheng's other industries also have better construction teams.

Here, because the seaside is full of mountains, although not high, it is not easy to flatten, it is better to directly fill the dug soil and stone into the sea.

Moreover, after the power plant is built, a wharf is also needed to transport coal as a power generation raw material.

The reason why China Light and Power Company chose to build a large power plant here is only because this is wasteland, and it is still mountainous, and the price of purchasing from the government is low.

If it were flat land, it would have been bought by others, then the construction cost of their China Light and Power Company would be very high.

The Jardine family would naturally not accept this, they value profits, and if the cost is too high, the plan will definitely be passed.

However, he just stood on the mountain and looked down at the place that already belonged to the Hong Kong Electric Group.

"Let's go, go to the Tuen Mun Oil Depot," Su Cheng said to the bodyguards.

Afterwards, the car drove north along the road again.

In addition to Su Cheng's Tuen Mun Oil Depot, the refinery bases of ExxonMobil, Shell, and BP Oil Company's branches nearby are also under construction.

Here, because of Su Cheng's appearance, it has completely changed.

Originally, only two power plants would be born here, namely Castle Peak Power Station and Long Kwu Tan Power Station in the north.

However, with the emergence of Su Cheng and the investment in refineries here, this place has gradually begun to evolve into an industrial base dominated by petrochemicals.

The nearby Tuen Mun New Town will also develop more prosperously due to the population brought by these industries.

Tuen Mun Oil Depot, in Li Yihui's office.

When Su Cheng came here, Li Yihui was arranging work at the pier. When he heard that Su Cheng was coming, he hurried back to the office.

"I heard Mr. Wei Li say that your acquisition of the refinery is almost complete?" Su Cheng sat on the chair and asked with a smile.

During this period of time, Su Cheng was busy with the affairs of Hong Kong Electric Group, so he rarely paid attention to the situation of Tianwen Petroleum Company. Anyway, there were people supervising and managing it, both in the open and in the dark. The funds from the sale of crude oil would also go to his account. He didn't have any worries about Tianwen Petroleum Company.

Yesterday, when meeting with Wei Li, when talking about the expansion of Hutchison Oil Company's gas stations, Wei Li also mentioned the acquisition of the refinery by Tianwen Petroleum Company.

After all, Hutchison Oil Company and Tianwen Petroleum Company can be said to be complementary to each other now, so Wei Li and Li Yihui have more contact.

Today's temperature in Hong Kong is a bit cold. Although the sun has come out, the outside temperature is still below ten degrees.

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"Boss, yes, the negotiation progress is very smooth. Due to the oil shortage and the high price of crude oil, most of these oil companies chose to stop production. After the negotiation team went to negotiate one by one, the original asking price added up to more than 500 million Hong Kong dollars, and finally only spent 328 million Hong Kong dollars to take them all down. Boss, the negotiation team you sent this time played a very good role in this process." Speaking of this, Li Yihui was still full of emotion.

The negotiation team is to find their shortcomings, so that they can have a leading advantage in the negotiation and be utilized.

Obviously, the experienced negotiation team played a very important role in assisting Li Yihui in the negotiation this time, saving Su Cheng a lot of money.

Of course, the members of the negotiation team can also get satisfactory remuneration for this, it can only be said that each has its own gains.

Su Cheng nodded. He was very satisfied with this result.

"After the acquisition is completed, we will immediately start preparing to operate these acquired refineries. The Brunei oil field has stored a lot of crude oil during this period, and it is still being mined continuously. The oil mined in the future will be transported to these refineries as soon as possible. We will also buy the Brunei government's share of oil. Therefore, for the time being, there is even no need for the boss to take out the crude oil you have stored for refining," Li Yihui continued.

Su Cheng nodded. This is the best. After all, the refineries that Li Yihui acquired this time are basically located in Southeast Asia, and transporting crude oil from Hong Kong is time-consuming and costly.

When the refining speed increases and the oil production speed of the Brunei oil field cannot keep up with the speed of the refinery, Su Cheng will also allow them to pull oil from Tuen Mun to refine.

After all, they are all his private assets, and Su Cheng has not separated them too clearly for the time being.

Brunei is located in Southeast Asia, very close to Singapore, Malaysia and other places.

The crude oil that is extracted is going to be sold anyway, it is better to refine it ourselves and then sell it, so that we can earn more money.

The oil price is so high now, buying Brunei's share of crude oil seems to be a loss, but the market price is like this, and half of it belongs to their Tianwen Petroleum Company, so it is not a loss at all.

Many countries' petrochemical companies may not be able to buy enough crude oil!

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