We're building a super chaebol in Hong Kong

The two of them went to the discussion area of the office, and Li Yihui began to make tea.

After pouring a cup of tea for the boss and himself, Li Yihui went back to his desk, took a document, returned to the discussion area, handed the document to Su Cheng, and said, "Boss, this is the detailed data of crude oil sales in the past few months."

Su Cheng nodded, took the document, and opened it to check.

170 million barrels of crude oil, sold for more than half a year, and finally sold out.

"Of these 170 million barrels of crude oil, our refinery used nearly 40 million barrels, which means that the actual sales are about 130 million barrels," Li Yihui continued to explain from the side.

These were what Su Cheng had previously agreed to Li Yihui doing.

After all, compared to selling crude oil, actually taking the crude oil and refining it into finished products and then selling it can earn more.

Therefore, the more the refinery requisitioned, the more money Su Cheng earned.

In more than half a year, 130 million barrels of crude oil were sold, which is considered very fast.

Su Cheng directly turned to the last page to check the total sales.

Total sales of 4.986 billion US dollars.

Nearly 5 billion US dollars!

The average price per barrel of crude oil is 38.35 US dollars.

And the price Su Cheng originally purchased was about 10 US dollars.

In other words, Su Cheng's operation this time can be considered a huge profit.

This was much better than the initially estimated result.

At the beginning, Su Cheng estimated that he would be very satisfied if he could earn a double, and he would be satisfied with earning 2 billion US dollars from the entire batch.

At the beginning, this batch of crude oil only cost Su Cheng 1.859 billion US dollars, plus import taxes, transportation costs, etc., which would not exceed 2 billion US dollars at most.

Now, it has actually sold nearly five billion US dollars in sales, which is still only selling 130 million barrels, and there are still 40 million barrels going to the refinery, which can earn even more.

The refinery cooperates with Hutchison Oil's gas stations, and basically the oil refined is based on the sales estimates of Hutchison gas stations, which means that these 40 million barrels of oil will basically be transported to various Hutchison gas stations and sold out.

Unexpectedly, the average price of the oil sold could reach such a high level.

This kind of operation is unique in the world.

Since Su Cheng knew that the exchange rate between US dollars and Hong Kong dollars would continue to rise, all transactions were settled in US dollars.

Except for the initial trip to the United States, where Su Cheng requisitioned a portion, Su Cheng did not use the funds from selling crude oil later.

Now, these funds are lying in the bank.

These are cash, not assets!

Previously, crude oil was just goods, but now it has finally become cash, which can be said to be safely in the bag.

"What's going on with this oil price? What is the current oil price?" Su Cheng put down the document and asked in surprise.

This is really beyond expectations.

"According to the latest price, the current international crude oil price is 33.69 US dollars per barrel. The price this month has been hovering between 32 US dollars and 34 US dollars, which is very stable. The highest price once exceeded 50 US dollars per barrel, which was from December last year to January this year. At that time, we took the opportunity to ship a lot of goods, and now the price has fallen," Li Yihui replied.

According to the information he obtained from Xiao Ai, in the second world oil crisis in his previous life, the highest price of crude oil only soared to 41 US dollars per barrel, and this would not happen until the end of 1980.

But now, it is only March of 1979. According to the price trend of the previous life, the current oil price should still be around 20 US dollars per barrel, because the Iran-Iraq War has not yet broken out. After a few more months, the Iran-Iraq War will break out, and the oil price will rise linearly, heading straight for more than 40 US dollars a barrel.

After all, Iran and Iraq are both major oil producers. The oil supply from the two countries is cut off, which is much more serious than the supply cut off from Persia alone.

But now, the Persian civil war alone has raised the price to the highest price of the second world oil crisis in the previous life.

It's messed up, everything is messed up.

Just because he bought crude oil in large quantities before the crisis, the price of crude oil has deviated far from the price trend of the previous life.

This was something Su Cheng really didn't expect.

His little butterfly flapped its wings and actually completely changed the course of the world.

In any case, these are only good for Su Cheng and not bad, allowing him to earn so much.

Although, in these money, there is Su Cheng's loan of 5 billion Hong Kong dollars from HSBC.

However, in the sales of 5 billion US dollars, 5 billion Hong Kong dollars is nothing.

The latest novel is first published on Liu 9 Shu Ba!

The current exchange rate is that one US dollar can be exchanged for 5 Hong Kong dollars.

When the repayment period arrives, Su Cheng can easily repay the 5 billion Hong Kong dollars plus interest.

At the beginning, borrowing this money was too cost-effective.

And the cost is only 5% interest.

The interest on 5 billion Hong Kong dollars is only 250 million Hong Kong dollars.

But Su Cheng used this 5 billion Hong Kong dollars to earn more than 10 billion Hong Kong dollars.

Calculating this way, 250 million Hong Kong dollars is nothing at all.

There are still several months before the one-year repayment period, so there is no rush.

"The drop in oil prices means that the situation in Persia has stabilized?" Su Cheng asked.

During this period, he didn't pay much attention to oil prices and the Middle East, so he didn't know much about the situation there.

"It's considered stable. The Persian king fled Persia in January, and his regime has been overthrown. After he left, all symbols of the Pahlavi dynasty were destroyed, and the opposition took over Persia in an all-round way. I heard that they are preparing to establish a republic next month and are now preparing for it.

Despite this, Persian oil is still in a state of suspension of external sales, and it is precisely because of this that international crude oil prices are still above 30 US dollars. However, as everyone is full of confidence in the future decline in oil prices, it is difficult for oil prices to rise to 40 or 50 US dollars per barrel. According to the predictions of experts in the international oil industry, oil prices may fall below 30 US dollars next month, and it is not impossible for prices to fall back to more than 10 US dollars per barrel after Persia is completely stabilized," Li Yihui said without reservation.

Su Cheng nodded, dismissing the predictions of these experts and ignoring them directly.

Because he knew that next, the oil merchants in the United States would start to make trouble, causing the oil price to be unable to fall even if the situation in Persia stabilized.

Moreover, by next year, the Iran-Iraq War will break out, and oil prices will rise even higher!

Due to political turmoil, Persia's oil production has obviously declined. Under the slogan of "Death to the United States," the relationship between Persia and the United States began to deteriorate, and almost all American businessmen engaged in oil extraction and oil trade in Persia were expelled.

American oil merchants then transferred their losses in Persia to the American people. Like the first oil crisis, American oil merchants repeated their old tricks, first exaggerating the harm of Persian oil production cuts to the United States through the media, and then deliberately reducing the supply of oil in the American market, artificially creating a kind of oil shortage, and then large and small oil merchants frantically raised prices according to a unified agreement.

These are the reasons why oil prices cannot fall.

It's just that everyone doesn't know it yet, naively thinking that oil prices will fall soon.

(End of this chapter)