We're building a super chaebol in Hong Kong

Su Cheng responded warmly to each greeting from the employees.

He always appeared approachable to ordinary employees, lacking the intimidating aura of a leader.

Because he felt it was unnecessary.

After taking a tour of the park, Su Cheng bid farewell to Li Yihui.

He had some matters he hadn't discussed with Li Yihui, such as preparations for the Iran-Iraq War.

In this era, Iraq was a wealthy and militarily strong nation, actively seeking hegemony in the Gulf region.

The internal conflict in Persia led Iraq to attempt to strike against the Khomeini regime while it was still unstable, in order to eliminate the threats it faced and completely resolve border disputes.

However, the Iran-Iraq War wouldn't officially break out until September 1980. It's only March 1979 now, so there's plenty of time and no need to prepare too early.

The internal strife in Persia caused significant losses for oil companies in Europe and America. To recover these losses, these companies certainly wouldn't want oil prices to plummet.

Therefore, oil prices will remain at a mid-to-high level for the next two years.

Now that the internal conflict in Persia has ended, the country will definitely focus on quickly restoring normal operations. Oil extraction should also return to normal after some time.

This action by Persia has thoroughly offended many oil companies. Even if Persia restores its daily oil production to normal levels, they may not be able to sell their oil as easily as before the internal conflict.

International oil prices are already artificially high. Once Persia resumes normal supply, the international oil supply will also return to normal. At that time, Persia might be troubled by the issue of selling its oil.

When that time comes, Su Cheng will step in again, instructing Li Yihui to contact Persia and negotiate to lower the oil price, preferably below $20 per barrel. Then, just like last year, they will stockpile enough crude oil.

The Persian internal conflict only caused the crude oil supply from one country, Persia, to be interrupted.

The best time is from the end of this year to the beginning of next year. He needs to prepare to store crude oil, and if possible, Su Cheng hopes to store even more crude oil this time.

Because he knew that the Iran-Iraq War would be a war lasting several years.

In the next few years, the world will enter an era of oil scarcity.

Both countries are major global oil producers and exporters. The war between them will not only bring serious losses to each other but also seriously hinder global economic development.

The final result of the Iran-Iraq War can be said to be a lose-lose situation. The huge military expenditures during the war not only depleted domestic reserves but also accumulated a large amount of foreign debt.

Both sides faced production and living difficulties during the war, leading to a severe blow to their dependence on oil exports.

Before the outbreak of the war, Iraq exported 3.5 million barrels of oil per day. However, after the start of the Iran-Iraq War, its daily oil exports plummeted to about 600,000 barrels, about 1/6 of what it was before the war.

And Persia, which was previously ranked as the world's second-largest oil exporter, was even worse off.

Therefore, no matter how much oil Su Cheng stockpiles next, he is destined not to worry about selling it.

A global oil shortage is no joke.

Of course, that's a matter for the future, and there's no need to prepare too early now.

After leaving Tuen Mun, Su Cheng went straight back to the Su family villa.

On March 18th, Oriental Press Group officially announced in the 'Oriental Daily News' that the company's name would be changed from its current name to Oriental Media Group.

After the name change to Oriental Media Group, Chen Zhibai will serve as the Group CEO, while Su Cheng, as the boss, will serve as the Group Chairman.

Of course, Su Cheng's position as chairman is actually just a nominal one. The company is fully managed by Chen Zhibai, the Group CEO.

After this matter was announced, the impact wasn't too great. After all, in the eyes of many people, it was just a change of name, and nothing else changed.

Moreover, with the current scale of Oriental Media Group, there is absolutely no problem in establishing a group.

The establishment of the group will enable Chen Zhibai to more effectively control and manage the subsidiaries under his command, without the complexity and confusion of the past.

On March 20th, Su Cheng received another invitation letter.

This invitation letter was actually sent from the Governor's Palace of Macao.

What's different from before is that the Governor has changed.

The previous Governor, Li Andao, has already stepped down and returned to Portugal. The new Governor is Mr. Yizhidi.

Looking at the invitation letter sent across the sea from the Governor's Palace of Macao, Su Cheng pondered.

Sure enough, these are still operating according to the normal historical trajectory.

It was precisely because of this that Su Cheng didn't put too much thought into Li Andao last time.

A governor who is about to leave office, there is no need to talk to him too much.

A new emperor, a new courtier. The Governor is equivalent to the head of Macao. Who knows whether the next Governor will recognize the agreements reached with the previous one?

Now that this new Governor has taken office, it's time to have a good talk with him.

Su Cheng didn't get much information about this Governor Yizhidi from Xiao Ai. He only knew that during his tenure as Governor of Macao, Macao's industry, commerce, construction, and tourism all made progress, and the total export value in 1980 increased significantly compared to the previous few years.

During his tenure, the Macao government achieved remarkable results in the construction of water supply, power supply, sewerage, telecommunications, airports, deep-water ports, and other projects. Yizhidi made great efforts for the development of Macao.

Judging from these few pieces of information, this Governor Yizhidi should be considered a very good Governor, and it is still worth talking to him in detail.

Su Cheng also remembered the words of the former Governor, Mr. Li Andao, hoping that he would serve as the Chief Economic Designer of Macao. He wondered if Li Andao had told Yizhidi about this matter before leaving office?

Speaking of Macao, I have to mention that the cellular mobile telecommunications system built by Hutchison Telecommunications in Macao was officially completed two weeks ago.

After a few days of debugging, it officially started commercial operation.

Therefore, Macao has now also started selling Yun Sheng S1 mobile phones.

Macao itself is not large. The Governor's Office did not participate in the investment in this area, which was fully the responsibility of Hutchison Telecommunications.

Therefore, Macao, like Hong Kong, has earned the profits it should have earned.

In just over a week, nearly 5,000 mobile phones were sold in Macao.

Macao's population is only about 250,000. With such a small population, it actually sold 5,000 units in just over a week, a higher ratio than in Hong Kong.

It is conceivable that there are really a lot of wealthy people in Macao.

Of course, this is also related to the developed gambling industry in Macao.

In addition to ordinary businessmen and wealthy people, people who frequent casinos all year round spend money lavishly because they make money quickly.

After winning money, many gamblers also buy a mobile phone, which is naturally to appear dignified and have face!

(End of this chapter)