Reborn Russia As An Oligarch

In the end, it was his relationship with Hovchenko that prompted him to join the Economic Committee.

Or because he entered the Economic Committee, he accelerated his pace of entering the board of directors of Yukos Group...

It's really unclear.

It can only be said that these two things complement each other and are indispensable!

After thinking about this, Wang Ye no longer struggled. He said with a smile: "Since everyone thinks that I am qualified to join the group's board of directors, I would rather obey my orders than to be respectful! I hope that you can give me more advice and support in my future work."

Hovchenko nodded with satisfaction and said: "Very good, Misha, you are the youngest member of the board of directors. You will have to worry more about the group's affairs in the future. I estimate that your economic committee will definitely discuss policy issues related to the energy industry. Don’t forget that you are still a member of the board of directors of Yukos Group.”

As expected, Wang Ye's new status in the Duma was indeed the key to his entry into the group's board of directors.

After all, Wang Ye is also "one of his own" and plays an important role in the State Duma, so he can speak at critical moments.

Of course, although Kovchenko did not mention it to Wang Ye, Wang Ye estimated that in the Duma, he was not the only one who was willing to speak for Yukos, but there must be many other members.

After all, Hovchenko has a lot of money and has long been preparing to enter the political arena, so he will also make arrangements in advance.

…………

After confirming Wang Ye's status as a director, it stands to reason that the next step is to arrange work for him.

After all, he is a director. He is different from the non-staff personnel in the past. He needs to undertake corresponding work.

However, Wang Ye's situation is special. He really has no way to work full-time in the group. Hovchenko naturally knows this.

Therefore, he also made special arrangements based on Wang Ye's actual situation.

According to the division of labor, Wang Ye is responsible for managing the security work of all oil fields within the group, as well as large-scale mergers and acquisitions, and investments.

The security work is easy to understand, because Wagner, owned by Wang Ye, has now grown into the largest security company in Russia!

Regardless of the number of security personnel and weaponry, they are no less than those of state-owned security companies, or even more powerful!

Yukos Group has many oil fields in the wilderness, so security work is naturally necessary. In fact, last year, the group's security tasks were signed to Wagner Company, and the price was not low.

It can’t be said that it is a transfer of profits. After all, the group does need security services, and Wagner is also the most powerful security company in Russia!

As for the second business that Wang Ye is responsible for, which is large-scale mergers and acquisitions investments, this is easier to understand.

Since the last "small test of his skills" and the acquisition of Sibneft, Hovchenko has gained a new understanding of Wang Ye!

This guy is not only smart, but also bold and careful, and he is also ruthless...

To engage in such a large-scale acquisition, he would be much stronger than himself!

If Yukos Group makes another large-scale acquisition in the future, it is estimated that Hovchenko will directly hand it over to Wang Ye without hesitation!

Needless to say, investment, after all, Polar Bear Investment Company is controlled by Wang Ye. Although Wang Ye has not yet seen any special talent in investment, Hovchenko believes that Wang Ye will not let him down...

…………

After discussing the business, it was already getting late. Hovchenko simply announced the adjournment of the meeting and asked the directors to go home and rest.

As for Wang Ye, he followed Hovchenko back to the president's office. The two hadn't seen each other for a while, so they chatted for a while.

They came to the sofa and sat down respectively. Hovchenko's secretary brought them steaming black tea.

"Misha, after the group company acquired Sibneft, its production has increased greatly. Currently, production exceeds sales. Moreover, international oil prices have also begun to slump since the second half of last year, so the company's prospects this year are a bit unclear. This Do you have any good suggestions?"

Hovchenko's face looked a little unhappy, and he asked vaguely with a cigarette in his mouth.

Yukos Group's oil production is indeed very large, accounting for almost 80% of the country's total production!

To be honest, from an outsider's perspective, Wang Ye felt that Hovchenko had gone too far.

You know, Russia is a country that relies entirely on selling resources to develop its economy. 80%, or even nearly 90%, of the country's fiscal revenue depends on exporting various resources.

This is a huge cake, and Kovchenko himself took a big piece...

No wonder that in his "previous life", Hovchenko would soon be unlucky, it was also because he was too greedy!

In this life, because of the emergence of Wang Ye, the situation has changed a little.

At least there is no sign yet that anyone wants to touch Hovchenko, but Wang Ye believes that this day will not be too far away.

Speaking of sluggish oil prices, it is obviously closely related to the world economy.

In the second half of last year, a big event happened in the United States. In addition, the global economy has been really bad in recent years, so the price of oil has continued to fall. It has dropped from about US$40 per barrel in 2000 to the current price per barrel. Around $25...

The price is already nearly halved!

It's no wonder that Hovchenko looked gloomy. If it were him, he would definitely feel uncomfortable.

Of course, even if the price dropped to this level, the company was actually still profitable, because Wang Ye had seen the company's financial statements.

The actual mining cost is about US$15 per barrel, and the gross profit per barrel is still US$10.

Based on Yukos Group’s annual output of nearly 300 million barrels, the group’s revenue is still as high as 7.5 billion U.S. dollars, and its profit is as high as 3 billion U.S. dollars…

But compared with previous years, it seems not good enough.

If the international oil price can remain at US$40, then Yukos Group's profits will be astonishingly high, reaching US$7.5 billion!

Unfortunately, although Kovchenko is a giant in the oil industry, he still cannot determine the international oil price.

In recent years, it has been a buyer’s market!

This is a year of overproduction...

…………

Wang Ye thought for a while and asked seriously:

"I have read the group's report last year and found that 70% of our oil was sold to various European countries, and only 20% was sold to Asia. But according to my judgment, the next In the next ten, twenty years or even longer, the demand for oil in Asia will increase significantly! Therefore, I suggest that the group company should seriously consider how to open up the market in Asia, especially in a large Eastern country..."

He is definitely not talking nonsense, what he said is the truth. Of course, only Wang Ye knows these things for the time being, and others may not be able to see it so clearly.