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Tang Bao became dumbfounded, he couldn't believe his ears, 10% of the equity of Phoenix Investment Group and 10% of the equity of East West Bank, this old guy really dared to open his mouth. Last year, Phoenix Capital Group was valued at $16 billion and East West Bank was valued at $2 billion. It may be a bit mysterious to say that the total asset valuation of the two companies can exceed 100 billion US dollars, but it will not be much lower. If Tang Bao wants to let it go, $10 billion to sell 10% of Phoenix Investment Group and 10% of East West Bank's shares, there will definitely be a lot of people vying to buy it.

According to the current international oil price, about 14 US dollars per barrel, the total value of oil fields with reserves of more than 2 billion barrels is as high as 28 billion US dollars, and 28 billion US dollars in exchange for 10% of the equity of Phoenix Investment Group and 10% of the equity of East West Bank, Jaber III has come up with a lot of bargaining chips. However, these are only superficial appearances. Don't forget, the $28 billion oil is stored underground, and if it wants to become real money, Tang Bao still needs to invest a lot of money to extract it, and he also has to pay a high oil extraction tax. Moreover, the exploitation of oil fields has a peak period, after which the oil production will drop sharply, and it is almost impossible to extract all the oil reserves if you want to maintain production only by investing more money and using better extraction technology. So the true value of the oil field is unlikely to reach $28 billion.

In fact.

These are all secondary, and the key is that Phoenix Investment Group and East West Bank are the most core assets directly controlled by Tang Bao, which cannot be measured by money alone. Tang Bao has no objection to using the equity of these two companies to unite more partners, but Tang Bao will also be extra cautious about the equity changes of these two companies, and not everyone is qualified to use his equity to win over.

Well.

The Kuwaiti royal family is qualified. However, Tang Bao was a little unhappy to throw out 10% of the shares of each of the two companies in one go.

When Phoenix Investment Group expanded its shares and raised funds last year, the five giants of Citibank, Bear Stearns, Wells Fargo, Mitsui Consortium and Mitsubishi Consortium paid a lot of money to share 10% of the shares. East West Bank has not raised shares, but it did buy out the bank last year, when it bought the bank, and 15.3 percent of the stake was controlled by American shareholders. Although Kuwait's 10% stake does not threaten his control of the company, Tang Bao feels that it is not worth it.

Well.

In other words, the bargaining chips Jaber III came up with were not enough to impress Tang Bao. If the reserves of the oil field reach 5 billion barrels or one or two more equivalent oil fields, Tang Bao does not mind thinking about it.

"What? Could it be that Mr. Tang does not agree to my conditions? Jaber III looked at Tang Bao, who was frowning, his face was slightly cold, and he asked with hidden anger.

"Do you know what Phoenix Investment Group and East West Bank mean to me?" Tang Bao asked instead of answering, he was not frightened by the anger displayed by King Jaber III. Jaber III is the emir of Kuwait, a politician who definitely doesn't break out so easily.

"Haha, then Mr. Tang understands the significance of oil to Kuwait?" King Jaber III laughed when he heard Tang Bao's rhetorical question, and then asked rhetorically.

Belch.

Tang Bao was speechless for a moment, he understood what Jaber III meant, they were all their core assets, and it would be fairer to exchange them.

"It was precisely because I saw the importance of Phoenix Investment Group and East West Bank to you that I offered to exchange the oil fields for the equity of these two companies." The words of Jaber III confirmed Tang Bao's conjecture.

"The Kuwaiti royal family's desire to take a stake in Phoenix Investment Group and East West Bank is equivalent to adding a very powerful shareholder, and I very much welcome it. However, a 2 billion barrel oil field is not worth 10% of each of the two companies. After all, it takes a lot of money to exploit oil fields, and after the oil is extracted, you have to pay high taxes, and you also face the market risk of falling oil prices. Phoenix Investment Group and East West Bank are healthy, growing rapidly and profitably, and Kuwait will be able to share in the profits after taking a stake! Kuwait can share the profits without spending a penny, and can sit back and wait for the profits from oil extraction, and I have not only reduced the equity of the core company, but also invested huge amounts of money in the unknown oil market risks...... This is not what you call reciprocal and fair cooperation. Tang Bao argued.

"This ......"

Jaber III couldn't help but be speechless, and he admitted that there was such a thought in his heart. The oil market has been declining for several years, and although Kuwait's oil extraction costs are low and there is no loss, the profits are much lower than before. On the other hand, Tang Bao's Phoenix Investment Group and East West Bank are soaring and expanding wildly, and their profits are so high that the entire Wall Street is blushing. The most important thing is that Tang Bao is not short of funds, and under normal circumstances, he is basically unable to invest in these two core companies. In exchange for the equity of these two companies, there will definitely be no loss.

"Hmm. Mr. Tang, what is your opinion? ”

"It's very simple, the value is not equal, and it is natural to balance the trading chips of both sides. Kuwait offered another oil field of the same size, or only 5 percent of Phoenix Investment Group and 5 percent of East West Bank. Tang Bao made a suggestion without thinking.

"Another oil field?" Jaber III was surprised by Tang Bao's ambition, but he didn't even need to think about it, absolutely not. Handing over the right to exploit an oil field with oil reserves of more than 2 billion barrels to Tang Bao caused great disagreement within the Kuwaiti royal family, and he was also under a lot of pressure and risk. Taking out another oil field of the same value is equivalent to giving away a total of 4 billion barrels of oil exploitation rights, which is not a big deal.

Scold.

Looking at Jaber III, who shook his head resolutely, Tang Bao smiled, sighing in his heart that it was a pity, but he was not much disappointed. If you want to win two big oil fields in one go, you basically don't even think about it.

"It seems that Your Majesty has chosen the latter." Tang Bao said with a smile.

"Yes."

Jaber III nodded. It is definitely not possible to come up with one more oil field, then you can only choose to reduce the equity.

"Ha, I'm glad that we can reach a consensus on this issue. However, can you tell me which oil field you got the right to exploit first? Tang Bao said with a smile.

"In block C of the Ravkh field, 2 billion barrels of oil reserves are the most conservative assessment, and some exploration experts even predict that the reserves will well exceed 2 billion barrels." Jaber III replied succinctly.

Well?

Tang Baohu stared at Jaber III suspiciously, secretly thinking, there are 2 billion barrels of reserves far beyond the assessment? Would you be willing to trade it with me?

"Mr. Tang, you don't need to doubt that the 2 billion barrels of oil reserves are absolutely real and reliable. I will hand over all the relevant information of the oil field to you, and you can let the experts evaluate and verify. What's more, the Kuwaiti royal family hopes to have long-term friendly cooperation with Mr. Tang, and will not make unwise moves that damage the relationship between the two sides. Jaber III laughed.

Then.

Without waiting for Tang Bao to respond, Jaber III muttered again, "Of course, I have to explain in advance that there is something special about the Ravkh oil field. ”

"Special?" Tang Bao was puzzled.

"Yes, it's special!" Jaber III nodded with a wry smile, and then patiently explained, "Mr. Tang is unfamiliar with the Ravkh oil field, but he should know about the Rumaila oil field, right?" ”

Well.

Tang Bao nodded, he intended to enter the oil industry, so he naturally did some research to understand, and it was difficult to think clearly. Iraq's Rumaila oil field, covering an area of more than 1,800 square kilometers and oil reserves of more than 20 billion barrels, is a super giant oil field and the fifth largest oil field in the world.

"The Rumaila oil field is owned by Iraq, you mentioned it...... Hey, no, there is a border dispute between Iraq and Kuwait, and the Rumaila oil field seems to be close to the Iraqi border, so it won't be ......? ”

"That's right. Most of the Rumaila oil fields are in Iraq, but some extend south into Kuwait, and the one that is part of Kuwait is the Ravkh oil field. Due to Kuwait's unique geographical location, the oil-bearing layer that extends into Kuwait is inclined to our side and is basin-shaped, and Kuwait is at the bottom of the basin, and Iraq's oil will continue to flow to this side and be exploited inexhaustibly. Therefore, the Ravkh oil field is a big dispute between the two countries, and we control the oil field, but once it is exploited in large quantities, it will face pressure and threats from Iraq. Jaber III explained helplessly.

Yes.

Helplessly, the Ravkh oil field is obviously owned by Kuwait, but it is always under the influence of Iraq. In the face of Iraq's million-strong army, Kuwait could not afford to stand upright.

the groove.

Tang Bao had the urge to scold his mother in his heart, no wonder he agreed easily, it turned out to be a big pit. Originally, he had no idea about the Ravkh oil field, but after Jaber III explained, he knew that the matter was far more complicated than what Jaber III said.

The Ravkh oil field is, strictly speaking, part of the Rumaila oil field. If it is only a question of the direction of the oil layer underground, the most detrimental thing is that there is an undemarcated boundary between Iraq and Kuwait, and the Rumaila oil field is within this disputed boundary. Kuwait has de facto control over the Ravkh oil field, but Iraq has consistently revealed that the entire Rumaila oil field belongs to it.

So.

The Rumaila oil field that Jaber III said is disputed for sovereignty!

Now.

Iraq is controlled by Saddam Hussein, and even if Saddam Hussein loses miserably in the future Gulf War, he will not step down, and will remain in power for more than a decade. There will also be a large number of troops stationed on the Iraq-Kuwait border, and there will be a long-term standoff. With Saddam's strong and domineering character, even if Tang Bao gets Block C of the Ravkh oil field, it may be difficult for him to smoothly exploit oil.

"Grass, old bastard, this old fellow is really cunning...... Fuck, it's a sinkhole. Tang Bao's face was gloomy, and he scolded angrily. (To be continued.) )