super energy power

"All the conditions you put forward have been passed, do you promise not to change the conditions?" Su Cheng seemed to ask a stupid question. (This chapter was uploaded by a friend) If all the proposed conditions are passed, isn't it a deal?Why change the conditions again?

If the condition is to be changed, why wait for the condition to pass before changing it?

It has been more than a year since Formosa Plastics proposed it. During this period, they had plenty of time to modify the conditions but did not.In fact, according to history, they have a full two years to modify the conditions. Why wait until the Chinese high-level officials agree to the conditions before modifying them?

The only explanation is that Formosa Plastics is procrastinating.

In order to pass the six-light plan, they need a Haicang plan as a bargaining chip to force the Taiwan authorities, who are in charge of politics, to agree.However, if the Haicang plan is really passed, then Liuqing will be out of the game.

From this, Sioux City guessed that the real goal of Formosa Plastics should still be the six-light plan proposed in 1973.All actions during this period, including the Haicang Project, serve the Six Lights Project.

However, Sioux City did not want Formosa Plastics to keep procrastinating.

If it is successful, it will be successful, if it is not successful, it will be scattered. Why waste everyone's time.

Director Mao didn't think of such a serious possibility. He nodded gratefully to Su Cheng, then turned to ask Wang Yongqing: "Chairman Wang, does Formosa Plastics intend to change the conditions?"

Everyone stretched their necks and aimed at Wang Yongqing.

Wang Keling not only looked at his grandfather in surprise, but also looked at Su Cheng in surprise.

Maybe 1 minute, maybe 2 minutes, Wang Yongqing said softly: "If the mainland agrees to our conditions, Formosa Plastics will definitely take it seriously."

He is not good at lying, if this is a trap, Dalu immediately agrees to the terms, wouldn't he have broken his promise.It doesn't sound good to change the agreement before it's written down. After all, it's the past, and how easy it is to change the promise.

Chinese officials were stunned that it was really possible to modify the conditions after agreeing.

It is normal for the two parties to confirm the previous revisions. Isn't the negotiation just about terms?but.If one party agrees to the conditions of the other party, and the latter revises the conditions, the scene will be ugly.For Director Mao, the top management made a decision after intense discussions, and then suddenly told them to re-negotiate, isn't that kidding himself?If it is not done well, it will be torn to pieces.

Director Mao ignored Su Cheng and asked, "Chairman Wang, the conditions we are considering now. Isn't it what Formosa Plastics wants?"

"The situation has changed, I'm still thinking about it." Wang Yongqing said uncertainly: "There is such a possibility."

Director Mao said in extreme disappointment: "I must inform the leading group of the new situation."

Wang Yongqing returned to the state of sleeping with his eyes open.

Sioux City is actually a little disappointed. The Haicang Project is still sliding along the historical track, but the track has been revealed.However, things themselves have not changed.

Su Cheng sighed deeply.At this point, there is really nothing left to ask.Even Director Mao had no intention of exchanging pleasantries, he simply shook hands and left in a hurry to report to the higher authorities.

The meeting is over.

Su Cheng said his goodbyes indifferently.The Haicang project is a plan between the government and Formosa Plastics, and Dahua is just a member in the middle, and there is no essential difference from those factories in Taiwan that rely on petrochemical bases.He has now used up his only chance to play.I can only wait quietly for the result.

Back at the Diaoyu Guotai Hotel, everyone did not return to their rooms.Or sit or stand waiting in the living room.

Su Cheng took a look, smiled and said, "What's wrong with you?"

"Su Dong, if the Haicang Project stops, shall we continue?" Chen Zunian was the first to ask.A few days ago, everyone believed that the Haicang Project could go ahead because of the affirmation and support of the central leadership and the participation and planning of the government.But.Today's onlookers tell them that in the economic field, the central leadership may not necessarily work.

Formosa Plastics dared to play on both sides of the Taiwan Strait.It is not surprising to Europeans and Americans, but somewhat unexpected to mainlanders.What followed was a skeptical attitude. There are indeed too many things to consider for a petrochemical base. In addition to economics, there are also political and geographical factors. In the eyes of Chen Zunian and others, is there any Formosa Plastics' Haicang plan is different.

Su Cheng had expected it, and he said affirmatively for the second time: "Whether Formosa Plastics continues or not, we will continue. This is an established policy."

"It's impossible for us to come up with 70 billion dollars?" Liu Qiu asked stupidly.

Su Cheng replied helplessly: "We can't take it out now. But we don't need to build Formosa Plastics on such a large scale."

"How much can you take out?" Other than Liu Qiu, no one would ask this question.

Su Cheng looked at Xu Feng.

The latter hesitated for a moment, and whispered: "The group's cash reserves are between 00 million and 3000 million US dollars, and there is also a large amount of oil futures."

Speaking of oil futures, Sioux City said: "The value of the futures is about 1.8 million. As of yesterday."

The war has not yet begun and Kuwait is already occupied.The oil futures market is almost changing with various resolutions of the United Nations and the United States.It is conceivable that the changes brought about by these resolutions are not big enough. After all, the price of oil will drop a little bit until the multinational forces are fully dispatched.

Su Cheng was deeply impressed by this time point, so he just kept paying attention to the futures market and didn't really get involved.

Others think it is simple hedging, which is what oil merchants do most often. They lock in their profits through the futures market to avoid uncontrollable risks.It is equivalent to a long-term supply contract signed with the futures market, which is very convenient.

Zhong Zhigen made some calculations and said, "If you mortgage Dahua Industrial, you can get about 2 million US dollars. The oil field may have 10 billion US dollars, but..."

"Oil fields cannot be mortgaged." Chen Zunian and others dissuaded them one after another.Liu Qiudu agreed: "Seitan Oilfield is a hen that lays golden eggs, and the large ethylene in Haicang...Although it is also a hen that lays golden eggs, it is not so cost-effective..."

Naturally, the profits of the petrochemical industry cannot be compared with that of crude oil production.The latter has much higher requirements beyond capital and technology.

Zhong Zhigen added: "Even adding oil fields is not enough. US$14 billion is a desperate move. It is not enough to expand the ethylene project, let alone the supporting refinery."

Hearing this, Liu Qiu whispered: "If the funds are not enough, Formosa Plastics will withdraw, what else can we do? Will the state give us a loan?"

"The national loan has been counted just now." Zhang Chao reminded.

A group of people sat there and began to think hard.

Su Cheng went back to his room in a very rude manner.In fact, he is not particularly worried about the issue of funds. Crude oil prices have been running at a high level for several months, and he has earned a lot of excess profits from the Setan Oilfield.next.Crude oil prices are lower, and he can also grab benefits from the futures market.Moreover, the petrochemical base was not built in a day. For a US$70 billion investment project, tens of thousands of US dollars may be enough in the early stage, and what is important is the continuous supply of funds.

In this regard, the foundation of Dahua Industrial is very good.

However, no one in the Dahua Industrial Group regards the futures market as a way to make money.As far as experience goes.Not many big companies get lucky when they get involved in financial casinos.

Therefore, the first thing everyone considers is the channel of bank financing, and the second is to sell assets or borrow money-needless to say, it is extremely difficult to use 10 billion US dollars to leverage 70 billion US dollars.

Zhang Chao was already thinking about how to persuade Su Cheng to give up. A debt ratio of 90% is a terrible thing. Except for enterprises such as the Ministry of Railways, it is difficult for ordinary enterprises to afford it.It will be very difficult for companies whose financial costs account for most of their expenses to turn losses into profits.

Everyone is thinking, based on what they know.and make a decision.

It's not easy for everyone.

At night.When everyone was about to rest, Director Mao himself called to inform: "Su Dong, please come to Building No. [-] tomorrow to discuss the Haicang plan."

Su Cheng suddenly woke up from his drowsiness: "Who will participate?"

"The Ministry of Energy, Sinopec, PetroChina and CNOOC."

"These four again?"

Director Mao said helplessly: "Which other companies do you want? However, there are differences within the Ministry of Energy. Sinopec is more interested in petrochemical bases, while PetroChina and CNOOC are more opposed. The Ministry of Energy mainly provides guidance, you just need to know. Oh, now To add Dahua."

Before the state-owned enterprise reform in 1998.The division of labor between Sinopec and PetroChina is very clear. PetroChina mainly focuses on the upstream of the oil industry, from geophysical exploration to drilling to oil production, and also has a certain amount of refining business.PetroChina started from the refining business to cover the downstream industrial chain, producing petrochemical products such as ethylene and methanol, and using petrochemical products such as ethylene to produce petrochemical commodities such as polyethylene... Therefore, PetroChina in 1990 had neither a petrochemical industry chain nor a plan to enter the petrochemical industry. The idea of ​​asking them to pay to save the Haicang project is somewhat wishful thinking.CNOOC, as well as coal and electric power represented by the Ministry of Energy, do not want to get involved in the petrochemical industry.

Su Cheng thought about it and said, "Our scale is much smaller than theirs."

"Small and flexible." Director Mao laughed twice

"What's the ratio?" Sioux City remembered the pitiful 5% that Dahua received when bidding for the oil field.

Director Mao probably heard about this story, and immediately said: "The decision is based on the investment ratio. Let's assume that the initial investment is 70 billion U.S. dollars, 7 million U.S. dollars, 10%, and the proportion of the investment can be given to Dahua first. Choice. If there is difficulty in funding, we can also arrange for banks to come forward. However, all of these are based on the premise that Formosa Plastics gave up the Haicang plan, and if there is an opportunity, we still have to actively promote this matter.”

His phone call itself was already a push.

Su Cheng thought silently.The so-called arranging for the bank to come forward is the nature of the mortgage loan. With the scale of Dahua Industrial, it is not bad to get 2%.Of course, for such a large petrochemical project, % is indeed a lot. When many international giants build large petrochemical bases, they will also consider reducing the shareholding ratio to reduce risks.Due to Wang Yongqing's relationship, Formosa Plastics is rather weird. They have always liked sole proprietorship.

Thinking of Formosa Plastics, Sioux City couldn't help asking: "If CNOOC and PetroChina don't participate, but only Dahua and Sinopec, will there be enough funds to replace Formosa Plastics?"

"This depends on the determination of Sinopec. They really have a lot of projects to do." Director Mao did not dare to do everything.

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