Chapter 692 Moving Forward
Chen Huai met Cao Guangming in the afternoon very smoothly. At this time, the two sides reached an agreement on many issues.
As the deputy secretary of the Party Committee and deputy general manager, Cao Guangming has always been a core figure in the National Offshore Oil Corporation. In recent years, he has been in charge of the listing financing operation of CNOOC and the preparation and construction of Maoming refining and chemical base.
Although Chinese stocks have performed well in the Hong Kong securities market in the past year due to the return theme, CNOOC's listing operation in Hong Kong has been slowing down by half a beat. Although the Hong Kong securities market is still at a historical high and trading is active, the capital giants in the securities market have long since smelled the risk signals from Thailand's current economic crisis and become particularly vigilant. The sound of Hong Kong's financial media is just a smoke bomb they found when they retreat.
At this time, CNOOC will still issue new shares as planned. Issuers and underwriters will take great risks due to the underwriting system, and they all retreated and withdrew from their cooperation plans with CNOOC.
Although the news of the setback of the listing financing plan has not been officially announced to the public, Cao Guangming and other senior executives of CNOOC knew that delaying the announcement of the news at this time was just hoping to have more time to recover.
The listing financing of the Ocean Oil Corporation is mainly aimed at launching the construction of the Maoming Refining and Chemical Base, which is expected to cost 12 billion yuan.
The financing plan has been hindered, so there is no way to talk about the construction of Maoming Refining and Chemical Base. The development of refining and chemical business has been temporarily forced to return to the old path of cooperation with local refining and chemical companies.
However, for senior executives of the National Offshore Oil Corporation, whether it is to control the negative impact of the financing plan setback on the company or to respond to the possible accountability of the State Council in the future, a large-scale local refining and chemical cooperation project is needed to buffer it, so that they don’t look so chaotic.
For Meigang, CNOOC is also very necessary to participate in it so that it is possible to obtain the approval from the State Planning Commission as quickly as possible so that the construction of Xinpu refining and chemical base will be fully launched.
CNOOC has previously had experience in cooperating with local refining and chemical companies and has a relatively mature model. It can not only set aside some funds to participate in the joint venture, but also provide considerable manpower and technical support for the construction and operation of Xinpu refining and chemical projects.
CNOOC did not intend to raise too many harsh conditions at this time. The main requirement was that CNOOC would organize manpower to demonstrate and evaluate the existing factory construction plan of Xinpu Refining and Chemical Corporation.
Chen Huai also understands this point. CNOOC will spend a considerable amount of funds to participate in the cooperation. After the refining plant is completed, it will also be responsible for the supply of main crude oil. It will also become a fuel company in Huaihai to digest some of the refined oil produced by the refining plant. Therefore, it is an inevitable procedure to conduct a comprehensive survey and investigation of Xinpu Refining before signing the formal agreement.
When China decided to exploit oil and gas resources in the offshore area in the early 1980s, it lacked both technology and facilities. CNOOC has been cooperating with overseas oil giants over the years, and has paid more attention to the shaping of modern enterprise management systems than most central enterprises. Its bureaucratic style is relatively lighter than that of CNOOC and Sinopec, and it is also a relatively ideal partner for Meigang.
Chen Huai also contacted Yao Ronghua urgently for the funds involved in the cooperation of CNOOC, and Yexin Bank is also willing to provide some funds to CNOOC.
The total investment of Xinpu Refining and Chemical Project is expected to exceed 5 billion yuan. CNOOC holds 20% of its shares and will also take out 1 billion yuan of real money. CNOOC's listing financing has been set and funds have become extremely tight. However, relying on the name of one of the three major oil companies in the country, its credit rating is not comparable to Mei Gang. It is difficult to raise 10 billion yuan from domestic banks and 20 billion yuan of funds. If one of the 10 billion yuan or 800 million yuan of funds is still capable of raising 10 billion yuan.
The Yexin Headquarters has tightened its release amount to Donghua since the beginning of the year, but it is not subject to any restrictions on lending 300 million to CNOOC, which is directly affiliated to the central government; it will not be extremely difficult for CNOOC to raise one billion funds.
Donghua has no foundation in the petrochemical industry. Chenhuai mainly relies on the resources of Xucheng Refinery to incubate and refining industrial clusters in Xinpu. At the same time, it also focuses on gathering resources outside the Xucheng Refinery. At the beginning, it also hopes that large oil companies or refining companies can participate in the cooperation of Xinpu Refining Project.
At this time, CNOOC was also forced to the current unfavorable situation, without any harsh conditions, and had no intention of coveting the control of Xinpu Refining and Chemical Corporation, and was even willing to make up for the shortcomings of Meigang in technology and human resources. It was easy for both sides to reach an agreement, and the two sides discussed a general cooperation framework in one afternoon.
For more specific technical details, Chen Huai was naturally responsible for Yang Lin and others who rushed to the scene today. He talked to the engineers of CNOOC. The laboratory of Huai Da Chemical Engineering where Yang Lin was previously in has close contact with CNOOC. Even the two deputy chief engineers in charge of the refining plant were considered Yang Lin's senior brothers, so the work would be easier to start.
Chen Huai was at the dinner table and told the old man about the results of his visit to Cao Guangming in the afternoon.
Listening to this incident, the old man nodded and smiled, saying, "Ten years ago, the energy outlet was still a multi-head management. I did give some instructions on energy work, but I didn't expect Cao Guangming to remember..."
Chen Huai smiled slightly. Many things are like this. Without contact, no relationship can be involved. But in the end, the country is still a society of human relationships. Interactions with exchanges and interests can always lead to roundabout connections.
He had been away from Xiapu for a week and now fully supported the government's work and should not stay outside for a long time. After dinner today, he would take Cheng Yi to Xucheng by train overnight.
Xie Zhi was secretly shocked when she heard this.
At this point, she could understand that Hu Lin was instructing someone to report to the Ministry of Agriculture behind his back, not because he had any personal grudges with Chen Huai.
After all, just like the purpose of the election incident before, Tianyi Group, which Hu Lin controlled behind the scenes, also intends to cooperate with the Petrochemical Corporation to compete for the construction rights of the refining and chemical project in Xinpu, and only then did everything possible to drag Meigang back.
Although Xie Zhi didn't know when Chen Huai had the idea of developing the refining and chemical industry in Xinpu, the Xucheng oil refining incident occurred, which made it sure that Chen Huai had already had a clear plan at that time.
After Meigang took over Xucheng Refining, it gained obvious advantages in human resources, technical resources, and even in penetration of downstream industrial chains; in addition, the province is more inclined to support Meigang to develop refining and chemical industry in Xinpu.
This is related to the fact that Meigang has achieved outstanding achievements over the years of development and gaining universal trust, and it is not possible to reverse it by one or two leaders of the province and city.
Although Tianyi Group is making trouble in the securities market, it lacks experience and achievements in the construction of large-scale industrial projects, so it is obviously not worthy of trust. In the current economic tightening, the Petrochemical Corporation mainly strengthens its investment in Zhenhai refining and chemical base, and is not particularly enthusiastic about participating in the construction of new refining and chemical projects in Huaihai.
As usual, Xinpu only has one large-scale refining and chemical project approved, and Tianyi Group cannot compete with Meigang; therefore, Hu Lin and Tianyi Group have to find ways to set up obstacles in other aspects to hold Meigang back and make Meigang’s plan miscarriage.
Reporting land acquisition violations is undoubtedly a trick. Land acquisition violations means that the legality of the entire project has been shaken, and the State Planning Commission can delay indefinitely and not give Xinpu Refining and Chemical Project approval documents.
No one expected that such a big obstacle set by Hu Lin would make Chen Huai easy to make a breakthrough.
My younger sister-in-law Song Wenhui wanted to transfer back to Yanjing at this time and gave up the control of Huaineng Group. In addition to in exchange for the Song Dynasty to tilt political resources towards Chengwenguang, she also ensured that Xinpu refining would not be implemented unexpectedly.
Xie Zhi looked at Hongqi and his father. Hongqi's father's face was also a little gloomy. He probably thought that even if the control of Huaineng Group was fought over, the future development of Huaineng Group might not be able to suppress Mei Gang...
************************
Chen Huai has been away from Xiapu for a week. He is now in charge of the county government's work. I don't know how much has accumulated and is waiting for him to deal with it. This is a temporary end, and Chen Huai is going to rush back to handle the affairs of the county, and there is no chance to stop.
At nine o'clock, a plane headed to Xucheng and had dinner with the old man. Chen Huai and Cheng Yi said goodbye to everyone and took a bus to the airport. Wang Weicheng and others went to the airport to meet him.
My sister-in-law and my uncle come back rarely and have to stay for two more days.
As one of the direct investors of Xinpu Refining and Chemical Corporation, Song Hongjun will also stay and lead Yang Lin, Song Tong and others to further discuss the details of the cooperation with CNOOC in Yanjing.
After the formal framework plan is discussed, CNOOC will organize personnel to demonstrate and evaluate the current factory construction plan. The formal agreement will not be signed after these work is completed, and the approval of the State Planning Commission is no longer a critical juncture.
At the airport security checkpoint, Chen Huai said to Chu Qiang who came to see him off: "You have been struggling outside for two years. Old Chu also seems to hope that you will go back and stay for a few years. What are your own plans?"
Chu Qiang held the soles of his feet and said embarrassedly: "My father asked me to work in the town government back then. That was when he saw that he was not good at dealing with the government but not doing business. From the perspective of learning to do business, he hoped that I could learn how to establish interpersonal relationships and broaden my horizons. Now he felt that I was not professional enough, and it was far from the same as Mr. Zhou and the others. I hope I could strengthen it in this regard."
Chapter completed!