“This is a short-sighted act!”

Bres said loudly: "Even if the investment in processing equipment for high-sulfur oil is higher and there are corresponding environmental investments, the price of high-sulfur oil is lower than that of low-sulfur oil. The production cost after production can be greatly saved, and the savings are enough to make up for the extra money spent on equipment. Moreover, the equipment investment is one-time, while a refinery can produce for decades. With the oil reserves in countries such as Indonesia and Angola, it may not be able to support that time at all."

Feng Xiaochen said: "Your Highness, I admit that your words make sense, but for China at present, one-time investment is a big problem unless..."

"Unless what?" Breth asked almost subconsciously.

Feng Xiaochen smiled and said, "Unless we can get a sufficient low-interest loan to make up for our financial shortcomings, these two new refineries can only be designed according to the use of low-sulfur oil."

"Loan..." Bres was stunned for a moment, and then he realized that after a long time of trouble, the other party was actually the one who was fighting.

"Yes, China's construction funds are very short of construction funds at present. The funds that the ICPC can raise are only enough to build two refineries that process low-sulfur oil. I suggested to the officials of the ICPC that we should consider improving the processing capacity of high-sulfur oil. The ICPC officials said that they cannot make such a decision unless they can obtain additional financial support." Feng Xiaochen said.

Feng Xiaochen's words can be said to be a combination of virtual and real. China's lack of funds is a real thing, and it is also a real thing that equipment for processing high-sulfur oil is invested higher than equipment for processing low-sulfur oil. However, the Development and Planning Commission and oil companies have some consensus on this issue, that is, the processing of high-sulfur oil in the Middle East should be considered, which is an important part of ensuring China's energy security. Among the two to three sets of large-scale refining equipment planned by the Development and Planning Commission, at least one of them is suitable for high-sulfur oil. However, this news has not been leaked at present, and only a few people know it, so Bres naturally has no way to understand it.

Bres was silent for a while, and then asked: "Mr. General Manager, can I understand how much loans the Chinese government needs to get before considering building a high-sulfur oil refinery."

"8 billion US dollars." Feng Xiaochen said without blinking.

"How could it cost so much?" Bres cried out. "If a refinery with an annual output of 10 million tons, the total investment is more than 5 billion US dollars based on the refining and chemical high-sulfur oil. You said that the purpose of the loan is just to make up for the lack of funds. How could it cost 8 billion US dollars?"

Feng Xiaochen said frankly: "My plan is to use these loans to transform a refinery planned by the IPO Commission into a process suitable for high-sulfur oil, and to build an additional refinery, which is also suitable for refining high-sulfur oil. After the two refineries are put into production, my country's ability to refine high-sulfur oil will be increased to more than 20 million tons per year. Doesn't your Highness think this is a good result?"

"20 million tons per year?" Bres was indeed a little moved. He asked hesitantly: "But if we provide these loans, can the General Manager guarantee that China will import our oil in the future?"

"No problem at all!" Feng Xiaochen said with his chest, "At present, China imports very little Saudi oil, mainly due to its refining capacity. If we have the ability to refine high-sulfur oil, we will significantly increase the import of oil from Saudi Arabia, and the amount of imports is related to our refining capacity. If His Highness the Prince can provide us with a low-interest loan of US$20 billion, I can help His Highness the Prince sign a long-term import agreement with the China Development and Planning Commission. Under the premise of reasonable prices, China imports no less than 30 million tons of oil from Saudi Arabia every year."

"Didn't you just say $8 billion?" Bres was a little confused. The general manager in front of him was too conscious. At first, he said that he just needed some loans to make up for the funding gap, but it turned out to be $8 billion, and he also called it a new refinery. After turning around, $8 billion became $20 billion. What's the matter?

Feng Xiaochen said: "I am considering this for His Highness the Prince. Think about it, if our ability to refine high-sulfur oil is only 20 million tons, how many can be allocated to Saudi Arabia? As the world's largest oil exporter, Saudi Arabia's export volume of more than 10 million tons is completely insufficient. If Saudi Arabia hopes that China can import more than 30 million tons of Saudi oil every year, then we need to build more refineries, maybe not two, but three, and the production scale of each company is not 10 million tons, but 20 million tons. With the improvement of the refining capacity, will oil companies watch these equipment be idle? At that time, there is no need to go down to sell it in the Prince, and they will naturally increase their oil imports from your country."

"This..." Bres felt that his mind was a little too insufficient. What the other party said was reasonable, and he didn't know how to refute it. But the question is, why do he always feel that there is a conspiracy in this matter? Perhaps it is because the general manager makes people feel uneasy.

Feng Xiaochen continued to use his ecstasy technique, and he smiled and said, "Your Highness Prince, do you think $20 billion is expensive to open up the Chinese market? And we just hope that Saudi Arabia will provide us with a loan, and the $20 billion will eventually be paid back."

"I need to report this to the company." Bres surrendered. Indeed, when the company sent him to China, he also said that he would open the Chinese market at any cost. If you can achieve this goal by providing China with a loan of US$20 billion, it would be really not very expensive. The loans must be returned. Of course, Feng Xiaochen asked for low-interest loans. Considering factors such as inflation, is a bit of a loss for issuing low-interest loans, but overall, Saudi Arabia's losses are not large, and it is exchanged for China's commitment to import at least 30 million tons of Saudi oil every year. This business is worthwhile.

Feng Xiaochen sent Bres out of the equipment company's door. When he was about to break up, he seemed to ask inadvertently: "By the way, Your Highness, do you know where the representative offices of Qatar Petroleum and Kuwait Petroleum are? Do you have any contacts in normal times?"

"Well... we don't have much contact with each other." Bres replied gritting his teeth. If he couldn't hear what Feng Xiaochen was hinting to him, then he would have had a meal for so many years.

In the following weeks, Bres visited several Chinese ministries and large oil companies to verify the new refinery. These institutions received the secret authorization of Feng Xiaochen, and unified the caliber in front of Bres, claiming that China lacks the ability to refine high-sulfur oil, so he is not interested in Saudi oil. As for whether a new refinery suitable for high-sulfur oil in the future, it depends on whether enough funds can be raised and whether Chinese equipment manufacturing companies can manufacture corresponding process equipment.

Representatives of Qatar Petroleum and Kuwait Petroleum in China also received an invitation from Feng Xiaochen to go to the equipment company for negotiations. What Feng Xiaochen said to them was exactly the same as what he said to Bres, that is, unless they were willing to provide low-interest loans to China to help China build new refineries suitable for the Middle East high-sulfur oil, China will have to choose Africa, South America and other places as its oil supply locations.

"You are so brave. The Planning Commission directly agreed to import 30 million tons of Saudi oil every year for us. If this oil cannot be digested, I have to move all of it to your house."

In the office of the National Development Planning Commission, Wang Zhenbin joked to Feng Xiaochen like this.

Before this, Wang Zhenbin agreed to play a double act with Feng Xiaochen, and also coordinated several large oil companies to cooperate in the acting, sending a clear signal to Bres and other Middle East oil giants, that is, China is considering its own oil import policy. If it does not receive sufficient financial support, China will give up the option of importing high-sulfur oil, thus leaving Middle East oil out of the Chinese market.

The expectation for the development potential of the Chinese market has made several oil-dominated countries determined to agree to jointly provide the Chinese government with a low-interest loan worth US$22 billion to build three large refineries in China with an annual processing capacity of more than 15 million tons. There is only one condition, that is, the production processes of these three refineries are suitable for Middle East high-sulfur oil.

After determining the process plan for the refinery, the China Development and Planning Commission signed a letter of intent for oil import with several countries, promising to import no less than 40 million tons of crude oil from the Middle East every year after the refinery is put into production. Specifically, the quantity of imports from various countries is related to the contributions of various countries to this loan. Saudi Arabia has contributed the most funds and allocated a share of 30 million tons per year. After receiving the signed letter of intent, Prince Bres couldn't close his mouth. He pulled Feng Xiaochen and said countless excited words, and repeatedly wanted to give Feng Xiaochen a long-lost gift. Of course, Feng Xiaochen refused very firmly.

After signing the letter of intent and sending off the Middle East oil tyrants, Wang Zhenbin had the opportunity to protest to Feng Xiaochen. Of course, when he said these words, he had a smile on his face, and obviously he did not think there was anything wrong with this letter of intent. The Distribution and Planning Commission also has its own research department. The research department has made accurate calculations about China's oil demand in the next few years. No matter which prediction method is used, it will not be a problem to import 40 million tons of Middle East oil every year. This is why Wang Zhenbin dares to sign the letter of intent.

"Can 30 million tons of oil not be digested every year? If you really can't digest it, just seal our own oil field and just use other people's oil." Feng Xiaochen replied easily.
Chapter completed!