Rebirth of the Great Entertainment Empire

Chapter 591 Investing in PetroChina and Sinopec

at present.

With the support of sufficient funds provided by Xu Cun, Pujing and Hillary chose to construct in stages, mobilizing millions of Soviets and Americans to repair the 'West Siberia-Pacific Ocean' oil and weather pipeline and the 'Canada Pipeline'. — Pacific' oil and gas pipeline, so the 'West Siberia-Pacific' oil-weather pipeline and the 'Canada-Pacific' oil and gas pipeline are progressing fast!

This time, one of the reasons why Xu Cun went north in person was to discuss with the Chinese side that China will build oil and gas pipelines in China (not only on land, but also in seas.) and prepare to cooperate with the 'West Siberia-Pacific' oil and gas pipeline and ' The Canada-Pacific' oil and gas pipeline connects the two oil and gas highways.

actually--

Judging from the current situation in China, China does not have the economic conditions to buy oil and natural gas at all, nor does it need to buy oil and natural gas in other countries-at present, China can consume tens of millions of tons of oil every year, and In recent years, China's annual oil production has exceeded 100 million tons, which is completely self-sufficient. Moreover, since the beginning of reform and opening up, China has relied on selling oil in exchange for foreign exchange. About one-fifth of China's current foreign exchange is earned by exporting oil (it was more than one-third in the previous life.).

That is to say, at present, there is no need for China to connect with the two oil and gas highways of the "West Siberia-Pacific" oil and gas pipeline and the "Canada-Pacific" oil and gas pipeline.

However, it doesn't matter - China is unwilling to pay for the construction of oil and gas pipelines in China to connect with Xu Cun's two oil and gas highways, and Xu Cun can pay for the repairs himself.

It does not require China to spend money on repairs, but it can also allow China to earn a lot of foreign exchange from the construction of these oil and gas pipelines. The most important thing is that once these pipelines are completed, they will also have a kind of resource guarantee for China, an oil-poor country. The current Chinese leadership People only disagree if they are collectively stupid.

Therefore, the **** Prime Minister's Office Conference decided to study:

In view of the needs of the development of China's domestic market economy and the requirements of the transformation of government functions, the Ministry of Petroleum Industry was abolished, and the China National Petroleum Corporation was established relying on the main resources and assets under its jurisdiction.

China National Petroleum Corporation, as a large-scale joint venture in China, a state-authorized investment institution and a state-controlled company, is mainly engaged in the production business in the upstream field of oil and natural gas, and also has some government management and regulation functions.

The twelve oil and gas field enterprises directly under the former Ministry of Petroleum Industry and other enterprises and institutions directly under the former Ministry of Petroleum Industry and other companies and units were placed under the China National Petroleum Corporation.

The twelve oil and gas field enterprises directly under the former Ministry of Petroleum that were assigned to China National Petroleum Corporation are:

Daqing Petroleum Administration Bureau, Liaohe Petroleum Exploration Bureau, Xinjiang Uygur Autonomous Region Petroleum Administration Bureau, Sichuan Petroleum Administration Bureau, North China Petroleum Administration Bureau, Dagang Oilfield Group Co., Ltd., Tarim Petroleum Exploration and Development Headquarters, Tuha Petroleum Exploration and Development Headquarters, Mayor Qing Petroleum Exploration Bureau, Qinghai Petroleum Administration Bureau, Yumen Petroleum Administration Bureau, Jidong Petroleum Exploration and Development Company and other 12 oil fields and oil transportation companies.

The oil and gas pipeline in China built by Xu Cun privately (the part connected to the 'West Siberia-Pacific' oil and gas pipeline) belongs to China National Petroleum Corporation. Xu Cun then provided China National Petroleum Corporation with US$5 billion in development funds for further development of China National Petroleum Corporation.

The share distribution of China National Petroleum Corporation is as follows: the company designated by **** holds 70% of the shares, and Xu Cun personally holds 30% of the shares.

China Petrochemical Corporation, established on February 19, 1983, was restructured and transformed into a large-scale joint venture, a state-authorized investment institution and a state-controlled company in China, mainly engaged in oil and gas exploration, production, and storage Transportation, sales, comprehensive utilization, petroleum refining, refined oil storage, transportation, wholesale and retail, etc.

The 12 oil and gas field enterprises directly under the former Ministry of Petroleum Industry, and other enterprises and institutions directly under the former Ministry of Petroleum Industry and other companies and units were placed under the China Petroleum and Chemical Corporation.

The twelve oil and gas field enterprises directly under the former Ministry of Petroleum that were assigned to China Petroleum \u0026 Chemical Corporation are:

Twelve oil fields and oil transportation companies including Shengli Petroleum Administration, Zhongyuan Petroleum Exploration Bureau, Hanjiang Petroleum Administration, Henan Petroleum Exploration Bureau, Jiangsu Petroleum Exploration Bureau, and East China Oil Transportation Administration.

The oil and gas pipeline in China built by Xu Cun privately (the part connecting the 'Canada-Pacific' oil and gas pipeline) belongs to China Petroleum and Chemical Corporation. Xu Cun provided China Petrochemical Corporation with US$5 billion in development funds to allow China Petrochemical Corporation to further develop.

The share distribution of China Petroleum \u0026 Chemical Corporation is as follows: the company designated by **** holds 70% of the shares, and Xu Cun personally holds 30% of the shares.

In other words, through the two oil and gas highways of the 'West Siberia-Pacific' oil and gas pipeline and the 'Canada-Pacific' oil and gas pipeline, Xu Cun successfully extended his hand into the world's largest Among the two giant companies - PetroChina and Sinopec.

Of course, Xu Cun will never be able to obtain actual management rights for large companies such as PetroChina and Sinopec, which are related to the lifeline of China's economy. At most, Xu Cun can also use his 30% of the shares of these two giant companies (before listing), as well as the two oil and gas pipelines of the "West Siberia-Pacific" oil and gas pipeline and the "Canada-Pacific" oil and gas pipeline. The expressway that affects some of the decisions of these two giant enterprises.

Under the trend of the times, Xu Cun had a very pleasant conversation with ***—there were Xu Cun’s investment in China National Petroleum Corporation and China Petroleum and Chemical Corporation, and China’s construction of oil and gas pipelines in China. The big premise is that it is easy to talk about the details of the construction of oil and gas pipelines in China. Moreover, Xu Cun and *** also talked about the general framework of this matter. The details will be discussed by the following people , which is undoubtedly better. As for letting China set up a special department to help Xu Cun solve his investment troubles, it is also a good thing for both parties, and the **** will naturally not refuse.

Xu Cun, Meng Guangmei, Weng Hong, Li Meifeng, and Lin Fannan stayed in the Office of the Prime Minister of the Communist Party of China until after four o'clock in the afternoon.

After leaving the Prime Minister's Office, Lin Fannan bid farewell to Xu Cun and others, and went back to his own home to formulate an implementation plan related to today's conversation.

Afterwards, Xu Cun took Meng Guangmei, Weng Hong, and Li Meifeng back to Baicunju where the current No. 1 beauty in the mainland was waiting for him...

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