Chapter 56: Monopolizing Crude Oil, Another Business Legend

Style: Historical Author: Xiao Baicai BaoWords: 2086Update Time: 24/01/11 20:08:31
After the crude oil extraction in the western part of Central Continent, more than 70% of the world's crude oil is controlled by China, and most of the rest is distributed in Eastern Continent.

Crude oil is a very important strategic resource. If it can monopolize the crude oil on Blue Star, China will reach unprecedented heights.

Blue Star In March 1869, in the office of the Huaxia Financial Construction Special Class, Shi Dakai and Xu Xiang were discussing how to start a large-scale price war.

"Axiang, to prepare for the next all-out war, we must monopolize more than 90% of Blue Star's crude oil. The crude oil market in Dongzhou is still relatively chaotic, and now is a very suitable time for us to intervene!"

Shi Dakai pointed to the Blue Star map on the wall.

"Team Leader Shi, I have long planned an economic war. The crude oil in northern East Asia is currently in a very disorderly mining stage, and the price has been falling. It is now US$5 per barrel (the weight of a barrel is about 140 kilograms)."

"If we export high-quality crude oil to free countries at a price of $1 a barrel, these companies will soon go bankrupt, and then China Energy Group can buy them all."

Xu Xiang was full of confidence. After speaking, he picked up the tea cup on the table and took a sip.

"In addition to crude oil mining companies, oil refining companies are also very important. If you want Huaxia Chemical Group to join this battle, remember not to underestimate the enemy."

Shi Dakai added a reminder.

"Team Leader Shi, don't worry! Wait for my good news!"

Xu Xiang started his trading again.

China Energy Group has huge crude oil reserves and strong supply chain advantages, while China Chemical Group has advanced refining technology.

China Energy Group began to quietly transport cheap crude oil from Alaska to the Free State.

Blue Star's crude oil is mainly used to refine kerosene and used for lighting, while gasoline is basically discharged as a waste material.

Huaxia Chemical Group is also not idle, processing gasoline that is treated as waste for other oil refining companies in the Free State for free.

As time went by, many crude oil companies in the Free Country encountered operating difficulties, and some even had to declare bankruptcy.

In the office of Rock Oil Group (the largest crude oil company in the Free State), a faded oil exploration map hangs on the wall, reflecting a bleak atmosphere.

This is an oil company that was once glorious but is now in trouble.

Walking into this empty and messy office, you will find that the desk is piled with thick bills and unpaid invoices. Under pressure and anxiety, employees struggled to stick to their posts. Their faces became paler and their eyes lost their former glory.

The atmosphere in the office is stifling. Uncontrollable anxiety and despair filled the air. The company's previous certificates of honor hang on the wall, and the former glory is now a contrast.

The originally busy prospecting team and drilling team now have only a few loyal backbones left. Their job boards were empty, suggesting that the company was no longer able to invest in new projects. Equipment and machinery also began to break down, and repairs had to be patched together.

Senior leaders were taciturn in the conference room, their faces full of exhaustion and bitterness. Their years of hard work and investment turned into castles in the air, unable to turn around the company's fortunes. And every time they look at the company's financial statements, all they see is rising losses.

Employees often gather together to chat in low voices, worryingly discussing the way forward. They feel increasing pressure and uneasiness, and worry about their livelihood and future development. Many people have begun looking for new employment opportunities and making backup plans for themselves.

However, on the brink of corporate bankruptcy, there may be a glimmer of hope. Perhaps the right investment or acquisition can save the troubled business and get it back on its feet.

Xu Xiang is here now!

Xu Xiang walked straight into the office of the chairman of Locke Oil Group. Locke (the chairman of the group) saw this dignified Central Asian man of similar age to himself and couldn't figure out his purpose of coming here.

"Sir, did you come to my office to discuss any business?"

Locke thought there was an order.

"I'm here to save your business!"

Xu Xiang raised his voice.

"Save us? Are you here to invest in us?"

Locke looked shocked. He didn't expect anyone to invest in them at this time.

"I am indeed here to invest, but my investment amount is a bit large. I want to invest 100,000 Chinese RMB!"

Locke was shocked when he heard this number. This operation was really a timely help.

"How many shares do you want?"

"100,000 Chinese RMB is naturally all the shares of your company."

Locke looked helpless. If he didn't accept the acquisition, he would be bankrupt. He would have no choice.

"Can it be higher? Rock Oil Group is the largest crude oil company in East Asia."

Locke wanted to raise the price again.

"No, I can only pay this price, there is no room for negotiation."

Locke thought for a while, and there were only two roads in front of him, either bankruptcy or taking 100,000 Chinese RMB. Everyone would choose the second one.

"make a deal!"

Xu Xiang and Locke shook hands.

"I would like to ask, do you want to acquire the entire Dongzhou crude oil?"

Locke asked a little more.

"Yes, but not just Dongzhou."

Xu Xiang left after agreeing on a time for signing the equity transfer contract, leaving Locke behind who was still in shock.

Huaxia Crude Oil Group dispatched various elite teams to negotiate with various crude oil companies in the Free Country that were about to go bankrupt, and to acquire their assets and equity at low prices.

Although these small companies are now useless in the market, the resources and market share they possess are still of great value to China Energy Group.

After tense and fierce negotiations, one crude oil company after another was absorbed by China Energy Group. The formerly lively major crude oil companies have now become part of China Energy Group's vast empire, and their offices, equipment and intellectual property have been integrated into China Energy Group's system.

Since then, Huaxia Energy Group has owned nearly 90% of Blue Star's crude oil and has become a giant company.

After monopolizing crude oil, the price of crude oil began to rise, and the major oil refining companies in Dongzhou were forced to survive. In the end, Huaxia Chemical Group almost acquired the refining companies in Dongzhou.

Xu Xiang's trading story has become a legend in the business world.