Chapter 265: Investing in Egypt?
"You also said that it was the result of exploration 30 years ago, maybe there aren't that many of them now? The technology we control is completely different from the shale oil extraction in the United States, there is no need to carry out shale mining and processing, and all the fission, crushing and extraction steps can be completed directly underground, and it is completely impossible to see from the mining area of the oil field whether we are extracting traditional oil or shale oil, Mr. Joyce, you can go back and think about whether we can accept our investment in the United States, we can save a lot of extraction costs for the United States.
Of course, according to the requirements of Delmar International Holdings, we must hold more than 51% of this equipment, if you have a further decision, you can directly contact Mr. Wei Yong, the vice president of our company, and talk to him specifically. I'm sorry I missed me. Jiang Lang said, and when he saw Sahar Nassar, the female minister of Egypt, walking over with several Egyptian personnel, he immediately got up with a smile and greeted him.
"Isn't ExxonMobil not welcoming you?" Seeing Joyce nod to everyone and leave, the beautiful minister said with some confusion.
"Madam Minister, they must have come here on a trial basis, apparently they didn't decide whether or not to accept us into the United States, and they wanted to work with us on a farm in Alaska, and he was here to be funny. We have no shortage of partners, and even our current scale is enough for our entire group to maintain strong capital, I just see that the international energy shortage is crazy now, and it is difficult to reduce international oil prices in a short period of time, so we hope to carry out exploration and mining operations in more countries and regions. As soon as Jiang Lang opened his mouth and spoke fluent Arabic, the eyes of several Egyptian officials suddenly lit up, and they instantly felt very cordial.
"So we Egypt welcomes Mr. Jiang's presence, and the friendship between China and Egypt has been ...... for thousands of years," Sahar Nassar said with a smile after they sat down.
"Madam Minister, I'm sorry to interrupt you, but you don't have to say this to me, politics is not my concern, as long as your country is politically stable and treats foreign investors fairly, Justice, can guarantee our investment and income, then we have nothing to dare to go, at most is the exploration of fruitless our investment failure, hundreds of millions of dollars we can't afford to lose, but we to invest is not to stand at a loss, Egypt is not an oil-poor country, before 09 years your country has been an oil exporter, even now Asia and Europe are usually silent and continue to spread, but I still don't believe that Egypt's oil is silently gone, so we are able to explore successfully, and achieve the idea of successful exploitation to make this decisionγ β
Egypt was also a small crude oil exporter, in 1993 Egypt's crude oil exports reached a high level of 513,000 barrels per day, but with the development of the economy and the rapid increase in population, resulting in a huge increase in its domestic energy consumption, now Egypt lacks not only crude oil, but also electricity, from 09 years to completely transform into a net importer.
60 years ago, Egypt's population was only 18 million, but now it has increased to as high as 85 million, an increase of 4.7 times over the past, and the annual consumption of oil is as high as 75 million tons.
Before Egypt had no restrictions, the price of gasoline No. 90 was less than 30 cents per liter, and diesel was less than 20 cents, which also led to the fact that the Egyptian people did not care about precious energy at all, but now they suddenly began to restrict their use, how could the Egyptian people stand it? So there have been several popular demonstrations, and the pressure on her, the energy minister, is not ordinarily great.
But now there is a serious problem, Egypt's politics are not stable, the "*****" is erupting, this revolutionary movement from Tunisia, so that Egypt's responsible president Ben Ali is in danger, although Sahar Nassar, a strong woman, hopes to use the help of the international community to stabilize Egypt's crude oil as soon as possible, but obviously her idea is not realistic, the people's movement for democracy will push the current government to the end of the outcome.
"I am very grateful to Mr. Jiang for his trust, and we will try to end this terrible campaign as soon as possible, and it is our Carmen Rafael of the Egyptian Oil Company that your company can contact for all matters in Egypt. β
"Hello Mr. Raphael. Jiang Lang shook hands with the other party with a smile and said, Sahar Nassar, the minister, has no opinion, that is, the next step is to let the two companies talk in detail.
"Hello Mr. Jiang, we ask Qidong Energy to extend a hand of friendship, our people now have no oil available, we need as much crude oil as possible, the 40 million tons of crude oil that Minister Tang of your country said in the morning, can we ship it?" Karl Rafael asked with some frustration after shaking hands with Jiang Lang, they also know that now is not the right time to invite Qidong Energy to invest in Egypt, after all, the chaos in the country makes any foreign company have to think carefully.
"I can't reply to this kind of thing, the oil from Yining Mine is underwritten to PetroChina, and you should ask the people of PetroChina for details. I would also like to help your country, but now we really have no oil to sell, and if your country can survive until the second half of the year, our new mines in Russia can export oil to your country without restrictions. Jiang Lang is also quite embarrassed, Yining Mine is too far away from the sea, it is not realistic at all, and Jiang Lang is not clear about how PetroChina's pipeline is laid, so even if he has the heart, he is powerless.
"So if we carve out a relatively stable area now, can Qidong Energy go to Egypt for exploration and mining?" asked Minister Sahar Nassar boldly.
"Madam Minister, we cannot guarantee that we will be able to explore the past, the British BP's oil fields in northern Egypt have been depleted, and they have carried out a lot of exploration activities there in the past few months, but they have all failed, and we are not necessarily able to explore and extract crude oil immediately after the past. "The most important thing is that Egypt's domestic politics are unstable now, where does Jiang Lang dare to run over to invest, to put it bluntly, we ran over to invest money and equipment, and as a result, your politics has come to power, and the next democratically elected government doesn't know whether it is willing to recognize these contracts, so the risk is too great.
This is also why Jiang Lang said that as long as it is a politically stable country, he dares to invest, not simply to see how the relationship with China is, that is not within the scope of Jiang Lang's inspection, foreign investment must consider stability and income, if even personal safety and the performance of the contract can not be guaranteed, what kind of income can be discussed.
This meeting ended unhappily, Jiang Lang really couldn't give them what they wanted, he really didn't have crude oil, and there was no way to change this to them, and it was even more unrealistic to invest in Egypt now, so he could only do it first, but Jiang Lang also promised that as long as Egypt's politics stabilized, Qidong Energy could go to Egypt to invest.
Engaging in oil exploration in countries and regions that have exhausted energy resources has now been considered by many of the world's energy giants to be a wasted matter, which is an act of throwing away the green dollar directly, which has been concluded after the practice of most energy companies in the world.
Therefore, many energy agencies are not optimistic about Qidong Energy's exploration behavior of throwing money at death and fools, and it can even be said that Qidong Energy is too inflated because of its advanced mining technology.
Maybe a big heel in the southeast peninsula can make the young Jiang Lang sober up, after Joyce's short temptation, Jiang Lang's failure to negotiate with Egypt has also been fed back to the heads of several major energy companies, this result is predictable, unless a real fool can make the decision to invest in Egypt at this time, even if Jiang Lang is now a little inflated, but obviously not a fool.
"So do we want to let Qidong Energy come into the United States? Now there are only two ways, either we can extract shale oil at a high cost, or let Qidong Energy come in and help us mine together, and we Exxon are willing to cooperate with them to develop. Joyce laughed.
He is responsible to the board of directors, and the shareholders don't care whether Qidong Energy comes in or not, what they care about is whether they can make money for the shareholders, and as for who they make it with, is there a difference?
"We at Chevron have no opinion, but it's up to us to decide where to cooperate, and we can't let them go wherever they want to explore. β
"They don't need to explore at all, look at the history of Qidong Energy, it's literally anywhere to extract oil, hell, their good fortune puts all of us to shame. β
"Not necessarily, they're in big trouble with their exploration of the Southeast Peninsula. β
"Oh, you also said that it was the Southeast Peninsula, I really don't know if that little guy's head was tricked and kicked, and he actually ran to the Southeast Peninsula, which has been exhausted. But it has to be said that his thinking is indeed different from that of many of us, and he still does not believe that the world's energy is running out. β
"Maybe he has some magic weapon? Now no one can tell how much high-tech exploration technology Qidong Energy has mastered. β
"Okay, then we're going to turn their technology into our technology little by little, we have to get their equipment into the United States first, and then we'll smell and launch it, what technology we can't make. We at ConocoPhillips have long said that we should let Qidong Energy come to the United States for development. β