Chapter 692: Forward

Shen Huai's meeting with Cao Guangming in the afternoon was quite smooth, and the two sides reached an agreement on many issues in the afternoon alone.

As the deputy secretary of the party group and deputy general manager, Cao Guangming has always been the core figure of CNOOC, and in recent years, he has been in charge of CNOOC's listing and financing operations and the preparation for the construction of Maoming refining and chemical base.

Although in the past year, stimulated by the theme of reunification, Chinese stocks have performed very well in the Hong Kong stock market, but CNOOC's listing operation in Hong Kong is still half a beat slower - although the Hong Kong securities market is still at a historical high at this time, and trading is active, the capital giants in the securities market have already smelled the risk signal from the current economic crisis in Thailand and become particularly sophisticated. The current clamor in Hong Kong's financial media is nothing more than a smoke bomb that they found when they retreated.

At this time, if CNOOC Limited still goes public and issues new shares as originally planned, the issuers and underwriters will take great risks because of the underwriting system, and they will all withdraw from the cooperation plan with CNOOC.

Although the news of the setback of the listing and financing plan has not yet been officially announced, Cao Guangming and other CNOOC executives know in their hearts that the delay in announcing the news at this time is just to hope that there will be more time to deal with the aftermath.

The main purpose of the IPO financing is to start the construction of the Maoming refining and chemical base, which is expected to cost 12 billion yuan.

The financing plan was blocked, and the construction of the Maoming refining and chemical base was naturally impossible, and the development of refining and chemical business was temporarily forced to return to the old path of cooperation with local refining and chemical industry.

However, for CNOOC executives, whether it is to control the negative impact of the setback on the company, or to deal with the possible accountability of the State Council in the future, a large local refining and chemical cooperation project is desperately needed to cushion them and make them look less chaotic.

For Meigang, it is also very necessary for CNOOC to participate at present, so that it is possible to obtain the approval of the State Planning Commission as soon as possible, so that the construction of Xinpu refining and chemical base can be carried out in an all-round way.

CNOOC Limited has previous experience in cooperating with local refining and chemical enterprises, and has a relatively mature model, which can not only allocate part of the funds to participate in the joint venture, but also provide considerable manpower and technical support for the construction and operation of the Xinpu refining and chemical project.

CNOOC Limited has no intention of mentioning more harsh conditions at this time, and the most important requirement is that CNOOC should organize manpower to demonstrate and evaluate the existing plant construction plan of Xinpu Refining & Chemical.

Shen Huai can also understand this, CNOOC will take out a lot of money to participate in the cooperation, after the completion of the refinery, will also be responsible for the supply of major crude oil, but also in Huaihai to become a fuel company, in order to digest part of the refined oil produced by the refinery, so before signing the formal agreement, a comprehensive survey and investigation of Xinpu Refining and Chemical is also an inevitable procedure.

In the early eighties, when China decided to exploit oil and gas resources in the offshore area, there was a lack of technology and facilities, and CNOOC mainly cooperated with overseas oil giants over the years, and paid more attention to the shaping of the modern enterprise management system than the vast majority of central enterprises, and the bureaucratic style was much lighter than that of PetroChina and Sinopec, which is also an ideal partner of Meigang at present.

As for the funds for CNOOC's participation in the cooperation, Shen Huai also contacted Yao Ronghua urgently, and Yexin Bank was also willing to provide some funds to CNOOC.

The total investment of the Xinpu refining and chemical project is expected to exceed 5 billion, and CNOOC holds 20% of the shares, and it will also come up with 1 billion real money - CNOOC's listing financing has been frustrated, and the funds have become extremely tight, but with the name of one of the country's three major oil companies, the credit rating is not comparable to Meigang, and it is very difficult to raise 10 billion or 20 billion funds from domestic banks, and it is still capable of financing 1 billion or 800 million yuan.

Since the beginning of the year, the head office of Yexin has tightened the quota for the release of goods to Donghua, but there is no restriction on the additional 3.5 billion yuan lent to CNOOC, which is directly under Zhongyāng, and it will not be extremely difficult for CNOOC to raise 1 billion yuan.

Donghua has no foundation in the petrochemical industry, and Shen Huai mainly relies on the resources of the Xucheng refinery to incubate the refining and chemical industry cluster in Xinpu, and also focuses on gathering resources outside the Xucheng refinery, and hopes that large oil companies or refining enterprises can participate in the cooperation of the Xinpu refining and chemical project.

At this time, CNOOC was also forced by the current unfavorable situation, did not mention more harsh conditions, and did not intend to covet the control of Xinpu Refinery, and was even willing to make up for the shortcomings of Meigang in terms of technology and human resources, so it was easy for the two sides to reach an agreement, and the two sides used one afternoon to talk about a general cooperation framework.

For more specific technical details, Shen Huai naturally left Yang Lin and others who rushed to the scene today to be responsible, and talked to the engineers of CNOOC - Yang Lin was previously in the laboratory of the Department of Chemical Engineering of Huaida University, which also had close ties with CNOOC, and even the two deputy chief engineers of CNOOC who were responsible for the preparation of the refinery were Yang Lin's senior brothers, so it would be easier to start the work.

At the dinner table, Shen Huai told the old man about the results of his visit to Cao Guangming in the afternoon.

Listening to this, the old man smiled and said: "Ten years ago, the energy port was still managed by multiple heads, and I did have some instructions on energy work, but I didn't expect this Cao Guangming to remember ......."

Shen Huai smiled slightly, many things are like this, without contact, there is no relationship, but after all, China is still a human society, there are contacts, there are interactions of interests, and you can always dig up the connection around the corner.

He has been away from Xiapu for a week, and now he fully supports the work of the government, and it is not appropriate to stay outside for a long time, and after dinner today, he will take Cheng Yi back to Xucheng by train overnight.

Xie Zhi was secretly frightened when she heard it next to her.

At this point, she can also understand that Hu Lin instructed people to go to the Ministry of Agriculture to report behind his back, not because he had any personal grudges with Shen Huai.

In the final analysis, the purpose of the previous election incident is the same, the Tianyi Group, which Hu Lin controls behind the scenes, also intends to cooperate with the petrochemical company to compete for the construction rights of the refining and chemical project in Xinpu, and only do everything possible to drag Meigang back.

Although Xie Zhi did not know when Shen Huai had the idea of developing the refining and chemical industry in Xinpu, it was certain that Shen Huai already had a clear plan at that time when the Xucheng oil refining incident occurred.

After Meigang became the owner of Xucheng Refining & Chemical Co., Ltd., it gained obvious advantages in terms of human and technical resources, and even in the penetration of the downstream industrial chain, and in addition, the province was more inclined to support Meigang in the development of refining and chemical industry in Xinpu.

This is related to the fact that Meigang has made outstanding achievements in development over the years, and it is easier to gain universal trust, and it is not something that can be reversed by one or two provincial and municipal leaders expressing opposition.

Although the Tianyi Group is stirring up trouble in the securities market, it obviously lacks experience and achievements in the construction of large-scale industrial projects, and it is obviously not enough to be trusted by the people; while the petrochemical corporation is mainly strengthening its investment in the Zhenhai refining and chemical base under the current economic tightening situation, and its enthusiasm for coming to Huaihai to participate in the construction of a new refining and chemical project is not particularly high.

According to conventional means, only one large-scale refining and chemical project in Xinpu could be approved, and it was impossible for Tianyi Group to compete with Meigang, so Hu Lin and Tianyi Group had to find ways and set up obstacles in other aspects to drag Meigang's hindquarters and make Meigang's plan abort.

Reporting land requisition violations is undoubtedly a clever trick, and land requisition violations mean that the legitimacy of the entire project will be shaken, and the State Planning Commission can delay indefinitely and not give approval to the Xinpu refining and chemical project.

No one thought that such a big obstacle set by Hu Lin would be easily broken through by Shen Huai.

Sister-in-law Song Wenhui wanted to transfer back to Yanjing at this time and give up the control of the Huaineng Group, in addition to in exchange for the Song family's tilt of political resources to Cheng Wenguang, it was also to ensure that Xinpu Refining and Chemical would not be implemented without any accidents.

Xie Zhi looked at Hongqi and his father, Hongqi and his father's face was also a little yin, probably thinking that even if the control of the Huaineng Group was fought over, the future development of the Huaineng Group may not be able to suppress Mei Gang......******************** Shen Huai has been away from Xiapu for a week, and he is now fully presiding over the work of the county government, and he doesn't know how many things have accumulated and are waiting for him to deal with- This is a temporary end, and Shen Huai is about to rush back to deal with the affairs of the county, and there is no chance to rest.

At nine o'clock, there was a flight to Xucheng, and after eating at the old man's place, Shen Huai and Cheng Yi directly said goodbye to everyone and rushed to the airport by car; Wang Weicheng and others went to the airport to meet him.

My sister-in-law and my uncle rarely come back, and they have to stay for two more days.

As one of the direct investors of Xinpu Refining & Chemical, Song Hongjun will also stay and lead Yang Lin, Song Tong and others to further discuss the details of cooperation with CNOOC in Yanjing.

After the formal framework plan is negotiated, CNOOC Limited will organize personnel to demonstrate and evaluate the current plant construction plan, and the formal agreement can only be signed after the completion of these tasks, and the approval of the State Planning Commission will no longer be a critical hurdle.

At the airport security checkpoint, Shen Huai said to Chu Qiang, who came to see him off: "You have been working outside for two years, and Lao Chu seems to want you to go back and stay for a few years, what are your plans?"

Chu Qiang carried the soles of his feet and said embarrassedly: "My dad asked me to work in the town government back then, because he saw that it was not easy to do business without good dealings with the government, or from the perspective of learning to do business, I hope I can learn how to build good interpersonal relationships and broaden my horizons - he now thinks that my professional ability is insufficient, and it is far from being comparable with Mr. Zhou, so he hopes that I can strengthen in this regard." ”

"Lao Chu also graduated from junior high school," Shen Huai said with a smile, "Looking at the big and small bosses with a similar cultural level as him, I have been in contact with a lot, but I really don't have such a thorough mind as Lao Chu." If you are willing to take care of it, I will tell Mayor Chen and let you represent BII and join the team of Xinpu Refining and Chemical Co., Ltd. - you will continue to give Yang Lin and them a hand in the next two days......"