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The $50 billion will play a very high role in promoting the development of Somalia in the future. It's not an exaggeration to describe it as sending charcoal in the snow. To put it bluntly, with these 50 billion, Li Lan can at least save a year of struggle. And this year is the most critical for Somalia.

With the $50 billion, it can mobilize the enthusiasm of tens of millions of Somalis for construction.

$50 billion, if converted into Somali shillings, can be exchanged for $400 billion Somali shillings under the international currency exchange mechanism controlled by the Somali government, subject to government credit guarantees.

At present, the per capita annual income of Somalia is only about 16,000 Somali shillings. The $400 billion Somali shilling is equivalent to more than two years of total Somali per capita income.

As for the exchange rate between the Somali shilling and the United States dollar, it would need to be regulated on the part of the Somali Government.

The exchange rate of the Somali shilling against the US dollar is what is one dollar to eight dollars. After all, in the past 200 years or a little further, more than 400 years ago, when the British economist Gresham proposed the Gresham's law of bad money driving out good money, he began to discuss the issue of currency value, and even Germany's Simmel raised the currency issue to a philosophical point of view.

In the earliest days, the relative value of a country's currency (paper money) was determined by the amount of gold reserves in that country, known as the gold standard. This state of affairs from the 15th and 16th centuries. Paper money began to appear in the world and lasted until the middle of the 20th century, when there was more gold in that country, and the currency of that country was worth a lot of money - whether it was metal coinage, bank notes, or paper money. In fact, when the world enters the era of industrialization, whichever country has more energy, the currency of that country will become more valuable, and the currency value of those oil-producing countries in the Middle East is formed under this situation.

After the Second World War, due to the strongest economic strength of the United States, the US dollar and gold were forcibly pegged to fixed, and the exchange rate was agreed to be 28 US dollars for 1 ounce of gold. Other currencies are also pegged to the U.S. dollar (in fact, they are all pegged to gold). This resulted in the Bretton Woods monetary system, a global monetary system with the US dollar as the main body.

After the 70s of the 20th century, with the recovery of the economies of Western countries, the Bretton Woods monetary system collapsed. The fixed exchange rate system was replaced by a floating exchange rate. In the beginning, the exchange rate of a country's currency fluctuated in the price of the Bretton Woods monetary system according to the needs of international trade.

Afterward. It is believed that this is also not in line with the needs of national or regional economic development. Therefore, purchasing power parity is used to determine the exchange rate of the currency, of course, the theory of purchasing power parity can only theoretically explain the exchange rate of the currency, and the market exchange rate is another matter. Therefore, after the mid-80s of the 20th century, the theory of purchasing power parity was replaced by the neoclassical trade theory (comprehensive evaluation of trade, interest rate differentials, and the volume of central bank bills).

In the mid-70s of the 20th century, the theory of financial market transactions was rapidly established, which included the redefinition and practical verification of the efficiency market theory (the theory of market all-inclusiveness), the establishment and practical verification of the theoretical model of option pricing, and the management theory of modern banking and global finance.

First, the currency issuing authority sets the currency at the mandatory exchange rate and the range of fluctuations allowed in this pricing, such as the Chinese dollar, the new Taiwan dollar, the Hong Kong dollar, the Malaysian ringgit, the Argentine peso, etc., although these currencies are not in circulation, they still have to be exchanged under trade conditions. As for fully freely convertible currencies, such as the yen, the euro, the pound sterling, etc., although their issuing authorities do not enforce the exchange rate and the fluctuation range of the exchange rate, they will have a bottom line, what is the highest and lowest exchange rate of the currency, beyond the bottom line, the currency issuing authority or the closest trading partner government will intervene, the most obvious is the yen, when the yen is close to 100, the Japanese government will intervene, and when the yen exceeds 130, The rest of Asia will be unhappy and will negotiate with the Japanese government, or even quietly buy a large amount of yen themselves.

Second, in the market, large institutions and banks decide their exchange rate quotations based on their foreign exchange assets and the market risks, interest rate risks, policy risks and other factors they are responsible for, because financial institutions want to ensure the safety and liquidity of their funds, and as for profitability, they only consider making profits after ensuring safety and liquidity, while small institutions and banks decide their exchange rate quotations according to the price they pay when they close the market to large banks when they are avoiding risks.

The Somali shilling and the US dollar exchange rate, which is the value of the Somali shilling determined by Li Lan, are under strict control and the printing of new currencies is strictly controlled, unless it is for the purpose of properly stimulating the economy. It is not to say that Li Lan will have as much money as he likes to print, because the value of the industry cannot go up, and printing more banknotes will naturally depreciate rapidly as paper money.

Previously, it was because of the relationship of funds that the construction of infrastructure projects became very slow. Somalia is not without steel or the skills to build infrastructure works, but it is precisely because of the lack of economic growth in Somalia that many large infrastructure projects cannot be implemented.

Now, these are not problems, with this funding, in the next year or so, all the large-scale projects can be started.

Originally, he thought that he could pay off the debt he owed to the country before, but now Li Lan feels that he owes the motherland too much, too much. He is not a fool, it is impossible for Chief No. 1 to really want to support the construction of the Somalis, and even if he wants to contribute money to help Somalia, he will not give so much in one go.

Everything is because he is Chinese. A Chinese who has begun to be able to make a loud noise in the whole world and has a country, and also has a huge influence in the surrounding and world circles. Chief No. 1 is making further investment, and he hopes that Li Lan will grow up faster. Before China completes the transformation of its domestic bubble economy and pushes its military construction to a very stable stage, Somalia will be able to stand in the way of China and attract the attention of a part of the world.

On the other hand, Chief No. 1 also hopes that Li Lan can maintain his reputation in Somalia for a long time, and if it were not for the incomparable support of the Somali people for Li Lan, he would not have used so much money to help Somalia.

After all, Li Lan is still a Chinese, and if he doesn't have such a high approval rating, the No. 1 leader will also have to weigh how long Li Lan can influence in Somalia. The current situation seems. Everything is going in the direction of a good one.

So. In the opinion of the No. 1 chief, it is worth using 50 billion to build a powerful intimate assistant, and this kind of business is worth it.

"Maybe we can slowly compensate the state for their efforts now." Li Lan put away her mobile phone and closed the sales background of Future Technology Group. Open the control panel and the base map.

"Assistant. Represent all the oil fields around Somalia. Further confirmation of reserves. ”

Open the control panel, and a circle of buildable areas will naturally appear on the map. With his order, oil fields within a radius of two hundred kilometers of construction began to be marked. Li Lan has always been developing oil on land, but he has never developed offshore oil fields.

The construction units responsible for the two sub-bases are the construction of oil drilling units and oil refining units, which serve as an important source of fuel reserves for the bases.

After more than two years of construction, the oil fields within the 200-kilometer construction range are under development, and the base is currently able to obtain 800,000 barrels of crude oil per day, which is equivalent to an annual production of about 50 million tons, and the oil refining work is also being followed. This figure is far from the fastest level of development of oil fields around the base.

According to the results of the scan of the base, the oil fields in the entire Somalia area, at their maximum development, will reach a production of more than 10 million barrels per day, and the annual production capacity will reach 600 million tons, and there will be no problems at all.

Under the detection of the base, a large heavy oil belt in the Somali continental shelf of the Gulf of Aden is located below the upper layer of the earth's salt, covering an area of more than 60,000 square kilometers, and this heavy oil belt has reserves of at least 200 billion barrels, which can be called the third largest oil field discovered by mankind in the world.

At the same time, under the large barren plain between Erigabo and Galcayo, there is a large deep oil field with high development value, and part of the oil source of the current base comes from this oil field, which is expected to have reserves of at least 40 billion barrels.

These two fields alone, once large-scale development is completed, could easily increase Somalia's crude oil production to 5 million barrels per day, and if fully developed, the production of heavy oil fields on the Somali continental shelf would not fall below 10 million barrels per day.

In central Somalia, beneath the Galkayo Shrine Floor, there is the largest oil sands in the world, which stretches over a large part of Ethiopia. Previously, 95% of the proven oil sands resources in the World were concentrated in Canada. It has proven oil sands and heavy oil resources of up to 400 billion cubic meters (2.5 trillion barrels of crude oil), equivalent to the oil reserves of the entire Middle East. Currently, Canada has 26 oil sands projects in Alberta, with a total production capacity of 830,000 barrels per day, accounting for 43% of Canada's oil production.

The oil sands field in Somalia is called the most valuable oil sands field in the world, with reserves of no less than 280 billion cubic meters, that is to say, once the oil sands reserves here are determined, forty percent of the oil sands fields currently found in the world are in Somalia.

Although it is very difficult to exploit oil sands fields, many countries have the ability to exploit them, and the base's scientific and technological drilling wells can also solve the difficulties of oil extraction in oil sands fields. However, a large part of this oil sands field is in Ethiopia, and if Li Lan wants to fully develop it, he must first have the construction scope of the base within reach, and secondly, he must obtain this land.

In particular, it is known to the whole world that there is a lot of oil in Somalia, but before it can be concretely discovered, Li Lan will complete these tasks and bring all those large oil fields into the scope of Somalia's legitimate sovereignty.

At present, government departments are trying to submit documents to the United Nations on the issue of redividing the Somali economic zone, and Li Lan has not been polite in the exclusive economic zone above the Gulf of Aden, and Yemen is on the other side, relying on the fact that Somalia is now in full swing, and has directly demarcated a 200-nautical-mile economic zone. In any case, the United Nations also asked the countries in conflict in the exclusive economic zone to resolve the matter themselves.

And the continental shelf naturally does not need to argue about anything, and how big this circle of interests is depends on the geographical location of your country. Somalia's continental shelf extends deep into the Gulf of Aden, which forms an upper and lower coverage of the exclusive economic zone.

At present, Li Lan's job is to operate two sub-bases and start building offshore technology drilling wells in the Gulf of Aden.

Offshore Technology Drilling and Production Platforms:

The energy extraction unit, the construction price is 2,200,000 base funds, the weight is 10,000 tons, and the construction time is 120 hours.

Description: The offshore technology drilling platform has a more powerful ability to extract crude oil than onshore oil drilling, with two parts, one drilling and one oil production. Depending on the reserves and depth of the field, each offshore production platform can produce up to 4,000 tons of crude oil per day, with a minimum of 2,000 tons of oil per hour. The platform is capable of withstanding a head-on attack from a super typhoon, is capable of withstanding a Category 10 tsunami, and has a dock and two helicopter docking platforms. Technology drilling wells must accompany the construction of refineries.

Two additional defensive units can be built on the rig, but only one can be built: a machine gun bunker, a sentry gun, a radar, an anti-aircraft gun, and a Gwangling Tower.

Note: The offshore technology drilling and production platform does not have oil storage capacity, but it comes with an underground oil pipeline, when building, please plan the route of the oil pipeline, the longest oil pipeline is 500 kilometers, and the length and depth can be freely selected.

Special note: Offshore technology rigs must be built on land now, with a choice of jack-up and semi-submersible rigs, and then moved to the destination for docking installation. The drilling platform has drilling, power, communication, navigation and other equipment, as well as safety and life-saving and personnel living facilities. Platforms also need to be built on land and then moved to fields that have already been drilled before they can be used for oil production.

Suggestion: Do not build high-tech drilling platforms in high-risk areas to avoid being occupied by the enemy. If you are in danger of being occupied by the enemy, recycle it immediately and you will receive one-fifth of the construction price.

Offshore technology drilling and production platforms and surface drilling wells are not a concept at all, and the same is true for the delineation of bases, first of all, the production, which directly reached 4,000 tons, and the weight also reached 10,000 tons.

Li Lan has great hopes for this construction unit, and it is also the only main force for the base to exploit offshore oil fields in the future.

Before that, he also made a special investigation to find that the cost of a drilling rig 3,000 meters deep reached 2 billion US dollars. The offshore technology drilling and oil production platform unit is only a cost of 2.2 million yuan, in addition to the drilling platform, there is also an oil production platform, Li Lan once again saw the most human side of the base, everything is so cheap. (To be continued......)