I Want To Be a Rich Man on Hong Kong Island

Latest website: Conference Room of China Gas Headquarters

Wu Guangyao sat in the chairman's position, looking at the executives and shareholders with a smile on his face;

In the eyes of all shareholders and executives, Wu Guangyao is more like a confident king, full of confidence and arrogance!

What everyone has never understood is that Towngas is only a medium-sized listed company;

Although there is a piped gas franchise on Hong Kong Island, it may not be worth mentioning to this God of Wealth!

But it is precisely this "small company", the God of Wealth who has always personally served as the chairman of the company's board of directors, and often inspects the work and gives opinions;

Of course, Wu Guangyao's approach was warmly welcomed by all the shareholders;

Being on the boat of the richest man in the world is not only an honor, but also an economic reward.

Compared with four years ago, China Gas at this time has undergone earth-shaking changes;

First of all, the number of piped gas users in Hong Kong exploded from 30,000 to 150,000, an increase of up to five times; piped gas is no longer a monopoly of the rich, and the middle class has also begun to use it.

Secondly, China Gas has become an oil supply retailer (gas station) on Hong Kong Island, and has a 250,000-ton oil depot on Tsing Yi Island.

In the end, China Gas also became a retailer of kitchen equipment such as stoves, representing many foreign products, and almost monopolized the supply of stoves on Hong Kong Island.

It can be said that, in the hands of Wu Guangyao, China Gas took off directly on the spot!

The market value of China Gas has increased by 8 times compared with four years ago, and the total market value is as high as 700 million Hong Kong dollars;

This is undoubtedly an exciting thing for shareholders, and it is also a very real thing.

"Everyone, I convened this board meeting because I have important investment matters, and I need to inform everyone!"

Wu Guangyao's words shocked everyone and pricked up their ears;

"I intend to let China Gas Company enter the oil refining industry!"

this?

Everyone looked at each other in blank dismay,

They all had question marks on their heads?

Entering oil retail and oil storage, everyone can understand it at the beginning;

But now to enter the oil refining industry, does China Gas have the technology? Do you have funds? Are there resources?

A shareholder said worriedly: "Chairman Wu, we don't have any technology for the oil refining industry. If we rashly enter this field, it may..."

Wu Guangyao looked at the shareholder and said, "As long as there are funds, there will naturally be technology!"

The shareholder asked tentatively: "Chairman Wu means to cooperate with European and American oil companies?"

Wu Guangyao nodded and said, "It can be cooperation or technology transfer! My idea is this, we go to the oil company to discuss the issue of oil refining technology transfer. I think it is not a big problem; of course, having technology does not mean that we It can develop very well in this industry; therefore, I plan to invest in an oil refinery in Singapore, a major transportation hub...."

Singapore, which does not have a drop of crude oil, has vigorously developed the oil refining industry since the early 1960s;

In later generations, it will be one of the world's three major oil refining centers;

The Jurong Island Industrial Zone is the third largest oil refining center in the world after Houston in the United States and Rotterdam in the Netherlands.

At this time, it is not too late to enter the oil refining industry in Singapore;

After all, European and American oil companies also entered in the late 1960s.

The petroleum industry chain is mainly divided into three parts: mining, refining and chemical industry;

"Petroleum refining" is the process of processing crude oil into gasoline, diesel and other oil products;

In addition to processing different oil products such as gasoline, refineries also produce gaseous fuels, synthetic gas, petrochemical products, and raw materials for lubricating oil and bitumen.

A shareholder asked: "How to solve the problem of funds?"

Wu Guangyao said: "At this time, the Hong Kong stock market is at its peak. We can issue new shares and raise 150 million Hong Kong dollars to invest in oil refineries; at the same time, my family will contribute 100 million Hong Kong dollars to form a joint venture company. So, what do you think? "

Everyone started discussing one after another, and the entire meeting room was suddenly noisy. Wu Guangyao was not in a hurry, but looked at Ma Deng;

The two had communicated beforehand, and Madden admired Wu Guangyao very much, and directly affirmed Wu Guangyao's investment suggestion.

Soon, most of the shareholders agreed to this investment project, so it was passed!

Wu Guangyao chose the British bp oil company as the first partner for cooperation. After all, Hong Kong Island was still a British colony at this time;

Moreover, the British capital of China Gas also occupies a large part;

More importantly, London has been wooing Wu Guangyao, both out of political leanings and economic investment.

Therefore, Wu Guangyao plans to go to the British bp oil company to discuss in person this time;

In addition to talking about the refinery, I also plan to talk about the Wu family's march into Beihai Shitian;

This time, the Wu family's industry will be extended into the lifeline of the economy - the oil field.

Of course, the Wu family does not own an oil company, so they cannot survey and exploit oil fields;

But the Wu family has funds, which is the biggest advantage;

It is entirely possible to adopt a joint venture company formed by the Wu family and the British bp oil company to enter the North Sea oil field;

The reason why Wu Guangyao is confident that the British will cooperate is because they have released the exploration rights of the North Sea oil fields.

In the 1960s, under the impact of the national liberation movement rising in the Middle East, the influence of the "suzerain" in Western Europe disappeared;

The big energy players in the Middle East not only no longer listen to the call, but often threaten these European countries with oil.

For Western Europe, which produces almost no oil, the risk is too great!

In order to deal with the serious problem of oil, European countries led by the United Kingdom had to turn their attention to the North Sea, which has not been developed on a large scale.

However, due to the exposed bedrock of the surrounding land and the harsh ocean conditions, the North Sea at this time has been neglected for a long time.

And from the perspective of oil exploration, the North Sea, with its complicated seabed topography and harsh sea climate, is really not a good place for exploration.

In order to be able to extract oil in a short period of time, the United Kingdom released the right to explore oil fields in the North Sea, and first divided the country's one-third of the North Sea into 960 blocks (each block is about 259 square kilometers), Issue exploration licenses to oil development companies around the world by means of bidding.

To the distress of the British government, even though Britain made huge concessions in oil exploration rights, the world's major oil companies at the time were still not interested in this. After the bidding is over, there are still 60% of the sea area that no one cares about.

Not only that, after the UK released its exploration rights, dozens of oil companies participating in the bidding failed to drill a single oil well that could be put into production, and fell into a loss-making situation.

Since oil has not been extracted for several years, the "North Sea oil-free theory" began to spread in Europe, arousing the sensitive nerves of all parties.

Until December 1969, Phillips Petroleum Company, which spent more than 30 million U.S. dollars after three years of exploration, could no longer afford the exploration losses in the North Sea oilfields.

So the company's management decided to abandon Beihai after drilling the last well and "return troops to camp".

It is the last well, and finally surveyed an oil field with a storage capacity of 200 million to 300 million tons of oil;

Therefore, from 1971 to 1975, the North Sea Oilfield entered a harvest period for oil and gas exploration.

Wu Guangyao thought to himself, since you British are short of money, you let go of the exploration rights;

Then I will invest and you will contribute. After the exploration, it is not too much for you to give me some soup!

The reason why Wu Guangyao did this was not only to make some profits, but also to train some teams to accumulate experience for future oil exploration and exploitation.

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