After receiving the news that the British were planning to beat Algerian Petroleum, Contini initially instinctively thought that this was a scam: because United Oil is not listed at present, United Group still holds 42% of its shares. Although this share ratio is not enough to unilaterally decide anything, the oil company is basically controlled by United Group, and various capital increase funds for the increase in shares also flow into United Group in one way or another.

To get funds from oil companies to your own hands, you need to pay attention to strategies. Making money from oil companies will become a major shareholder who invades the interests of the company. Therefore, we jointly designed a complex operation method with Petroleum.

First of all, the salary of personnel is set according to the standards of British and American companies. There is nothing special about it. The problem is that these personnel usually hold other positions, which is equivalent to United Petroleum being responsible for the salary of other projects;

The second is interest. The loans with the highest interest rate standard borrowed in the early stage are all in Algerian companies. Although the latter has been reduced a lot in the later stage, they still have to transfer interests to United Banks;

Again, there is operating expenses. Of course, the equipment used in the oil field is not to mention, and it is directly amortized, but the expenses incurred during the procurement process include purchasing other power generation equipment, and the costs of refining and chemical equipment are also recorded on the Algerian Petroleum Company;

The last big part is construction costs. Whether it is the oil pipeline or the crude oil throughput from the Tripoli port, or even the relevant roads, telecommunications and power use, they have set a relatively high amount, and even amortized the dredging costs of the Tripoli port. The reason is very simple. The first time oil pipeline is laid in the desert, the expansion of the Tripoli port, etc. are all supporting oil fields. Who will pay for it if it doesn't pay? The problem is that these expenses can also be used in other aspects in the future. The United Group will not mention this.

Of course, there is a more excessive side. The cost of oil guards, the cost of burying landmines and using tanks is all recorded on Algerian Petroleum Corporation, but the price is a bit too high.

In the final analysis, we can summarize two sentences: the United Group uses the method of low inflow and high inflow to extract funds from Algerian Petroleum and enters other subsidiaries; and uses the method of taking part in the overall responsibility to quickly drain the working capital of Algerian Petroleum Company.

Finally, there is a cryptic erosion: the crude oil output reported to France by Contini and the crude oil output registered in the company's accounts are only 86-88% of the actual output, and the extra eighth is directly the net profit of the United Group. So the British feel uncomfortable about this, and the French feel uncomfortable, and try every means to get it over.

Of course, these did not cause any moral guilt in Contini's mind: I was going to take you to play. If it weren't for me, who would have known that there was a large oil field here? I have not released the reserves yet! Furthermore, in order to withstand the pressure from the French on the oil field, I have paid a huge political and military price in China. Shouldn't this invisible guarantee and competition be allocated one more to me?

The United States also has such considerations, but they have more ideas: they do not want to control the oil field like Britain or France. Wall Street has no interest in the oil field itself. They are interested in the capitalized operation behind the oil field. In other words, as long as the oil field shares can maintain independence and perform ipo under the strong push of the president, and then achieve strong rises, they do not mind the Italians sneaking away some through small actions.

Are Americans fools?

Of course not. They see clearly that anyone in the hands of the oil field may have more benefits like Italy. This is a natural impulse as the major shareholder of the controlling company. The British are not necessarily better in power than Contini. But then again, if Britain and France are in power, then American capital will completely lose its voice. Italians control the oil field. In order to compete with Britain and France, they may have to rely on the power of Wall Street, not to mention that the president himself has a large amount of loans on Wall Street!

After discussing the news with Francesco, he nodded first and then shook his head: "President, what you see may not be all, we have other hidden dangers."

"What do you mean?"

"I just received a telegram from China. The leader is dissatisfied with the current value of about 100 lira for 1 pound. He hopes to promote the realization of 90 lira for 1 pound and increase the exchange rate against the United States."

"He wants to promote the appreciation of the local currency?"

"Yes, this is a very troublesome thing."

Currently, the exchange rate between the US dollar and the pound is almost 5:1, so the lira roughly maintains the pattern of 20 lira for 1 US dollar and 100 lira for 1 pound. However, if we infer from this idea, in the future, 18 lira for 1 US dollar and 90 lira for 1 pound, the local currency will directly appreciate by 10%.

"Who gave this advice?" Contini's face immediately became gloomy. "Does the Minister of Finance Earl Wolpi understand? Such an appreciation will seriously damage the export competitiveness of Italian goods."

Volpi was the second Chancellor of the Chancellor appointed by Fascisti after he came to power. He successfully resolved Britain and the United States' claims for war reparations in Italy. The price he paid was to strive to maintain the stability of tariffs and currency values, and import as much materials as possible from Britain and the United States. He has performed well since he took office, and Contini has been constantly introducing complete sets of equipment from the United States, and imports with the United States continue to rise, so he is very satisfied with all aspects. It is a bit incredible to suddenly promote the appreciation of the local currency.

Francisco smiled bitterly and said, "The telegram was sent by the earl. He said that the idea was completely decided by the leader himself, and no one could stop him."

"Did he say why the leader did this?"

"I said that, the leader gave two reasons. First, in recent years, the rise in the super industry has been continuously rising. The appreciation of the local currency is conducive to reducing trade losses; Second, the 5th anniversary of the fascist rule, the lira remains at the previous level. The average wages of Italian workers have not increased much. In contrast, in Europe, it is at the lower and lower level, which is not consistent with the image of an Italian major power."

Even Contini could only laugh and cry. He knew that the first reason was not Mussolini's true thoughts. His understanding of economics might not be able to explain the triangular relationship between cash flow, capital operation and foreign trade balance. What he really cared about was the second question of how to maintain the face of a big country.

"This is not an economic or financial problem, it is a political problem." Contini thought for a while, "You call back to the count and ask him to find a way to stop the leader's impulse."
Chapter completed!