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Chapter 738:High-sulfur petroleum

"Prince Brees, this is Mr. Feng Xiaochen, the general manager of our equipment industry company.Mr. Feng, the chief representative of the Saudi Red Sea Oil Company in China, Prince Blessing.”

In the small conference room of the equipment company, Wang Jian introduced Feng Zhichen and a man dressed in the Middle East to each other.

Prince Brees walked up with a smile, shook hands with Feng Xiaochen, and then planned to come to a Middle Eastern style veneer.Feng Xiaochen quickly flashed away, he is not a diplomat, do not have to consider any diplomatic etiquette or the like, and a foreign brown man to go veneer, which is too far beyond Feng Xiaochen's psychological tolerance.

"Prince Brees, please sit down, and very presumptuously invite you to come to the company, hoping that you will not waste your precious time."Feng Xiaochen said the scene and greeted each other to take a seat.

Prince Brees naturally did not account for the rudeness of Feng Xiaochen just now, and he still understood the truth of going to the countryside.He thanked Feng Xiaochen, and then sat down with his attendants, waiting for Feng Xiaochen to enter the subject.

The Red Sea oil company represented by Prince Brees is a major Saudi oil company, which holds 30% of Saudi Arabia's oil resources, and the annual oil production and exports have reached about 30% of Saudi Arabia's total.The Red Sea Oil Company established a representative office in China only six months ago, and Prince Brees was commissioned by the company to come to China at that time to sell Red Sea company oil to China.

Saudi Arabia is a world-famous oil power, and its oil production once ranked first in the world, only in a few years was surpassed by other countries.But in this era, China's cooperation with Saudi Arabia in oil is very weak, China's largest source of oil in the Middle East is Oman, Yemen and Iran, Saudi Arabia's oil exports to China are very limited.

In terms of total GDP, China is not an economic powerhouse at present, and its GDP ranking is even behind Italy, ranking seventh in the world.But people of insight have noted China's extraordinary growth rate, in the past 20 years, China's average annual economic growth rate reached more than 8%, at this rate of development, in less than 10 years, China's economy will exceed Italy, France, Britain, Germany, to reach the third place in the world.

At the same time of economic development, China's resource imports are also rising rapidly, and gradually become a buyer that cannot be ignored in the international oil, iron ore and copper ore markets.The Saudi government has also observed this situation and realized that it cannot ignore China, a fast-growing market.

In fact, the oil is also its own troubles, oil can only be sold to become wealth, if there is no buyer, then no more oil resources have no role.Many economic analysts have suggested that the 21st century will be the Chinese century, and any country that loses the Chinese market will lose the entire century.It was with this in mind that Prince Brees came to China.

During the six months in China, Prince Brees visited many Chinese ministries and large oil refining companies to try to persuade them to import more Saudi oil.But China's oil import pressure at this time is not large, Indonesia, Oman, Yemen, Angola and other countries can provide enough oil for China, so Prince Brees's lobbying can not play a role.

Just as Prince Brees was at a loss, an official from China Equipment Industries, who claimed to be from China Equipment Industries, approached his door and invited him to the meeting, claiming that the talks could be of great help to Saudi Arabia’s exports to China.Brees was also in a hurry to the doctor, heard this, rushed to agree, and at the agreed time with his own entourage and full of back box gifts to the equipment company.

In various literary works and in the passages circulating among them, the Saudi princes are extremely rich and extremely sentient.Brees is also a rich man, his private wealth rested on today's China can certainly be ranked in the top ten of the rich list, but to say that the head, he has nothing, at least in the face of Feng Xiaochen, he must appear very humble.

"Prince, I have heard that you have been in China for a long time, and you must have visited the Chinese monuments and monuments?"Feng Xiaochen opened his mouth with Brees.

Brees smiled politely and said, "I did visit some name monuments, such as the Great Wall and the Forbidden City, but I have not yet had time to visit, because I still have a lot of work to do."

“Yes, the work is heavy, and this professionalism of His Royal Highness is worth learning from all of us.”Feng Xiaochen said that although he said so, he could not hear any respect in the tone, which made people think that he had some insincere words.

Brees can only see the trick, said: "Mr. general manager is too modest, you Chinese professionalism, is the most worthy of our study."

“Learn each other.”Feng Xiaochen responded with a smile, and then asked: "His Royal Highness the Prince is so hard, presumably the results are also very gratifying?"

"This..." Brees looked a little embarrassed, he spent half a year in China, can be described as nothing.Is the Chinese official really not aware of it, or is he deliberately saying this in order to humiliate himself?

After thinking about it, Brees decided to tell the truth, he gave Feng Xiaochen a hand and said: "It is very regrettable that I have been in China for more than half a year, and I have never convinced your official acceptance of Saudi oil."Your oil companies seem to be more interested in oil from Indonesia and Angola, when in fact Saudi Arabia is the world’s largest oil exporter.”

“Does the prince want to know why?”Feng Xiaochen asked.

“Of course I want to!”Brees rolled his eyes, “Mr. General Manager, can you tell me the real reason?”

Feng Xiaochen said: "The reason is actually very simple, your country's oil is high sulfur oil, and China's low-sulphur oil is completely different."Our oil refiners can't use your oil for refining."

“For that reason?”Brees is a little silly, can this be a reason?

“Isn’t that enough?”Feng Xiaochen laughed and asked.

Oil produced around the world has the same name, but the quality is very different.According to the proportion of crude oil, it can be divided into light crude oil, medium crude oil, heavy crude oil and heavy crude oil; according to the sulfur content of crude oil, it can be divided into low-sulfur crude oil, sulfur-containing crude oil and high-sulfur crude oil; according to the composition of wax, it can be divided into low-wax crude oil, wax-containing crude oil, high wax crude oil; and according to chemical composition of paraffin-based crude oil, intermediate-based crude oil, cycloalkyl crude oil and so on.

Depending on the quality of crude oil, people need to design different refining processes, which not only involve differences in refining methods, but also differences in refining products.For example, some crude oil is suitable for the production of gasoline and diesel, and some crude oil is suitable for the production of lubricating oils, aromatic chemical raw materials and light hydrocarbon chemical raw materials.At the beginning of the design, an oil refinery must take into account the market demand and the crude oil varieties to be used in the future to determine a reasonable process.Of course, the process of the refinery is also a certain adaptability, not to say that the oil can not be produced, but when using other oils for production, the efficiency will be greatly affected.

Before the 1990s, China was a country of self-sufficiency in crude oil, and refineries were designed according to the characteristics of Daqing Petroleum.Daqing oil is a typical low-sulfur oil, which is in stark contrast to the high-sulphur oil in the Middle East.Because domestic refineries have always been designed according to low-sulfur oil, oil companies also tend to choose the same low-sulphur Indonesian oil and African oil when importing crude oil, and Saudi oil cannot be favored by domestic refineries.

"However, all countries in the world can refine and refine high-sulfur oil, after all, there is much more high-sulfur oil on the earth than low-sulfur oil, have you not considered the use of high-sulfur oil?"Brees was a little mad.Of course, he knows the difference between high-sulfur oil and low-sulfur oil, and he knows that refining the two oils requires different production processes.But the production process is different, and it should not be a reason to reject Saudi oil.

Feng Xiaochen said very seriously: "Your Highness Prince, you should know that the vast majority of refineries in China are currently designed according to the refining and chemicalizing low-sulfur oil, and the two new refineries with an annual refining capacity of more than 10 million tons are also designed according to the process of refining and refining low-sulfur oil, so..."

“Slowly!”Blessing suddenly seized the opportunity in Feng Xiaochen's words, he asked: "General manager, you mean that China will build two new refineries with an annual output of more than 10 million tons?"

“That is it.”Feng Xiaochen said, "China's economic development is very fast, we now have a large gap in refined oil products, in the next few years, we will increase the construction of refineries, so that our refined oil supply capacity can keep up with the needs of economic development."

“Then why haven’t you considered designing the new refinery process to fit our Middle East high-sulfur oil?”Don’t you think the Middle East is the most stable source of oil?”Brees asked.

Feng nodded and said, “As far as I know, China’s Development Planning Committee has also seriously discussed this issue.There is a view that the Middle East has sufficient oil supplies and that our country should increase its oil imports from the Middle East in the future, and that the new refineries should be designed in accordance with the process of refining and sulphur oil.”

“That’s absolutely right!”Brees cried impatiently.

Feng Xiaochen smiled and said, "But there is another school that believes that the technical difficulty of high-sulfur oil processing is difficult, the investment is too high, and China is a country with a serious shortage of funds, and more refineries should be built with limited funds."As for crude oil supply, Indonesia, Malaysia, Angola and Australia all have a lot of low-sulphur oil, why should we spend so much money on high-sulphur oil?”

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