“This is a short-sighted act!”

Brees said loudly: "Even if the high-sulfur oil processing equipment investment is higher, there are corresponding environmental protection investment, but the price of high-sulfur oil is lower than low-sulfur oil, production costs after commissioning can be greatly saved, saving money enough to make up for the more money spent on equipment."And the investment in equipment is a one-time, while an oil refinery can produce for decades, with the oil reserves of Indonesia, Angola, these countries, perhaps simply do not support that time.”

Feng Xiaochen said: "Princess, I admit that your words have some truth, but for China, one-time investment of funds is a big problem, unless..."

“Unless what?”Brees asked almost unconsciously.

Feng Xiaochen smiled and said, “Unless we can get a sufficient low-interest loan to make up for our financial shortfall, these two new refineries can only be designed in accordance with the use of low-sulfur oil.”

"Lending..." Brees paused, immediately reacted, and for half a day, the other side hit the idea.

"Yes, at present, China's construction funds are very short, and the funds that the Commission can raise is only enough to build two refineries that process low-sulfur oil."I raised with the officials of the Commission that consideration should be given to improving the processing capacity of high-sulphur oil, and the NDOC officials said that they would not be able to make such a decision unless additional financial support was available.”Feng Xiaochen said.

This is a false combination of words.China's lack of funds is true, and it is also true that equipment for processing high-sulphur oil is higher than that of equipment for low-sulfur oil.However, the NDRC and oil companies have some consensus on this issue, that is, the processing of high-sulphur oil in the Middle East should be taken into account, which is an important part of ensuring China's energy security.Of the two to three new large-scale refining equipments planned by the Commission, at least one is suitable for high-sulfur oil.However, this news has not leaked, and only a few people know it, and Brees naturally has no way to understand it.

Brees was silent for a moment, then asked, “Mr. General Manager, can I understand how much credit the Chinese government needs to take to consider the construction of a refinery with high-sulphur oil?”

“$8 billion.”Feng Xiaochen did not blink.

“How could you need so much money?”Brees called out, "a refinery with an annual output of 10 million tons, if calculated according to the refining of high-sulfur oil, the total investment is more than 5 billion US dollars."You said that the purpose of the loan is only to make up for the lack of funds, how can you need 8 billion US dollars?”

Feng Xiaochen said frankly: "My plan is to use these loans to change a refinery planned by the Commission into a process suitable for high-sulfur oil, and to build an additional refinery, which is also suitable for refining high-sulfur oil."After the two refineries are put into operation, China's ability to refine high-sulfur oil will increase to more than 20 million tons per year, and His Royal Highness the Prince does not think this is a good result?"

“20 million tons a year?”Brees was a little moved, and he hesitated, “But if we provide these loans, can Mr. General Manager guarantee that China will import our oil in large quantities in the future?”

“No problem at all!”Feng Xiaochen said, "At present, China's imports of Saudi oil are very small, mainly due to refining capacity."If we have the ability to refine high-sulphur oil, there will be a substantial increase in oil imports from Saudi Arabia, which are related to our refining capacity.If His Royal Highness can provide us with a $20 billion low-interest loan, I can help His Royal Highness the Prince sign a long-term import agreement with the China Development Commission, under reasonable conditions, China imports no less than 30 million tons of oil from Saudi Arabia every year.”

“Didn’t you just say $8 billion?”Brees was a little embarrassed, and the general manager was too conscious, initially saying that he just needed some loans to make up for the funding gap, but it turned into $8 billion, and he was known for building an additional refinery.Eight billion dollars turned into 20 billion dollars, what is it?

Feng Xiaochen said, “I am thinking of His Royal Highness the Prince.Think about it, if we have only 20 million tons of high-sulfur oil, how much can be distributed to Saudi Arabia?As the world's largest oil exporter, Saudi Arabia's export of more than 10 million tons is completely insufficient.If Saudi Arabia wants China to import more than 30 million tons of Saudi oil a year, then we need to build more refineries, maybe not two, but three, and each one is not 10 million tons, but 20 million tons.Refining capacity has improved, will oil companies watch these devices idle?When it is not necessary for His Royal Highness the Prince to sell, they will naturally increase their oil imports from your country.”

“This...” Brees felt a little inadequate in his mind.What the other person says is good, and he does not know how to refute it.The question is, why do you always think there is a smell of intrigue in this matter?Maybe the manager is unscrupulous.

Feng Xiaochen continued to perform his own occult, he smiled and said: "Princess, do you think 20 billion U.S. dollars is expensive to open the Chinese market?"And we just want Saudi Arabia to give us a loan, and that $20 billion is going to be paid back.”

"I need to report this to the company."Breess gave up.Indeed, when the company sent him to China, it also said that it would open the Chinese market at any cost, and if it could do so by providing $20 billion in loans to China, it would not be very expensive.Loans are to be returned, of course, Feng Xiaochen requires low-interest loans, taking into account inflation and other factors, the issuance of low-interest loans is somewhat at a loss, but in general, the Saudi side of the loss is not large, in exchange for China's annual import of at least 30 million tons of Saudi oil commitment, this business is drawn.

Feng Xiaochen sent Brees out of the door of the equipment company, and when he broke up, he seemed to inadvertently ask: "Yes, Prince, do you know where the representative office of Qatar Petroleum and KOC is?"Do you usually have contact?”

“Well, we don’t usually have much contact.”Brees gritted his teeth and replied.If he could not hear what Feng Xiaochen was suggesting to him, he had been eating for so many years.

In the weeks that followed, Brees revisited several Chinese ministries and major oil companies to ask them about the new refinery.These institutions have been given the opportunity to be t-aughted by Feng Xiaochen, who have unified their caliber before the Brees, claiming that China lacks the ability to refine high-sulfur oil, so it is not interested in Saudi oil.As for whether it will build a new refinery suitable for high-sulfur oil in the future depends on whether enough funds can be raised, and whether China's equipment manufacturing companies can produce corresponding process equipment.

Representatives of Qatar Petroleum and KOC in China also received an invitation from Feng Xiaochen to negotiate with the equipment company.What Feng said to them was exactly the same as what he said to Brees, that is, unless they are willing to provide low-interest loans to China to help build new refineries suitable for high-sulfur oil in the Middle East, China will have to choose Africa, South America and other places as their own oil supply.

“Your courage is really big enough, and for us the Commission directly promised to import 30 million tons of Saudi oil a year, and if this oil cannot be digested, I have to move it all to your house.”

In the office of the National Development Plan Committee, Wang Zhenbin made such a joke about Feng Xiaochen.

Prior to this, Wang Zhenbin agreed to sing with Feng Xiaochen, but also coordinated several large oil companies to cooperate with the acting, to the Middle East oil bullies such as Brees to send a clear signal, that is, China is considering its own oil import policy, if not get sufficient financial support, China will give up the choice of importing high-sulfur oil, so that the Middle East oil is not in the Chinese market.

The expectation of the development potential of the Chinese market has made several oil-hegemonic countries determined to jointly provide a low-interest loan worth 22 billion US dollars to the Chinese government for the construction of three large-scale refineries with an annual processing capacity of more than 15 million tons in China, on the condition of only one, that is, the production process of these three refineries is suitable for high-sulfur oil in the Middle East.

After determining the process plan of the refinery, the China Development and Planning Commission has initialed a letter of intent for oil imports with several countries, promising to import not less than 40 million tons of crude oil from the Middle East every year after the refinery is put into operation, specifically to the import volume from various countries, which is related to the contribution of countries in this loan.Saudi Arabia has allocated the most money to 30 million tons per year.To get the signed letter of intent, Prince Brees laughed and closed his mouth, took Feng Xiaochen said countless exciting words, and repeatedly wanted to make up a long-lost paste to Feng Xiaochen, Feng Xiaochen of course, refused very firmly.

After signing the letter of intent and sending away the Middle East oil bullies, Wang Zhenbin had the opportunity to protest to Feng Xiaochen.Of course, when he said these words, his face was smiling, and obviously he did not think there was anything wrong with the letter of intent.The NDRC also has its own research department, for China's oil demand in the next few years, the research department has an accurate calculation, no matter which forecast method, the annual import of 40 million tons of Middle East oil is not a problem, this is Wang Zhenbin dare to sign the letter of intent.

"30 million tons of oil can't be digested every year."If you can't digest it, seal our own oil fields and use people's oil alone."Feng replied easily.