Chapter 906 Fan Heng's Confusion "Please Give Me a Monthly Ticket"

Dian Wubing's overseas petrochemical projects are mainly oil and gas development in Indonesia. The political situation of the Habibie government is relatively relatively poor, and the status of Chinese in Indonesia has also been improved to a certain extent. The domestic economy has gradually developed, which has also provided convenience for Fan Investment Group to fully invest in Indonesia's oil and gas resources. (Read the novel here)

Fan Wubing's personal strong support for Habibie and the assistance of 50 billion US dollars of interest-free loans provided by Fan Investment Group to the Habibie government have also made Fan Investment Group's position in Indonesia very stable. In particular, they have become the de facto financial sponsor of the salaries of Habibie government civil servants, which makes the government particularly friendly to Fan Investment Group.

All of this gives Fan Wubing a reason to deeply develop Indonesia's oil market and form a series of its own industrial systems from crude oil extraction to finished oil processing.

Overall. Fan Wubing judged that the social situation in Indonesia would tend to be stable, and it was the right time for him to invest in Indonesia's oil and gas resources. The most important thing was that although the current international oil price seemed to be rising, it was still profitable compared to the sky-high price in the future. Whether in terms of profit or the strategy of increasing oil reserves, it was necessary for him to occupy the Indonesian oil and gas market.

For a long time, due to the chaotic situation in Indonesia, this country has always been one of the regions that the international community did not look favorably on. Although there are also relatively rich oil and gas resources. However, investors do not agree with the development here, so many resources are in a situation where they can be seen but not touched. At this time, Fan Wubing has already dealt with the Indonesian government. Naturally, there is a reason to eat this big cake.

Unlike his son Fan Wubing's optimism about the development of overseas oil and gas resources, Fan Heng was now confused about the reform of the two major oil companies.

At this time, he was in charge of the reform of state-owned enterprises, and naturally had a better understanding of some insider information, so he became more and more confused about some issues, which made him feel very confused, and the depression in his heart was unknown to outsiders.

Since the Asian financial crisis swept the world in 1998, causing the world economy to slump, it has seriously led to a decline in global oil demand. At that time, the oil price fell to less than $10 per barrel, which caused huge losses to the world's major oil-producing countries.

Under such circumstances, the 11 OPEC member countries began to implement a production restriction and price guarantee policy since March last year, which effectively curbed the further decline of oil prices.

Entering the new millennium. International crude oil prices have completely come out of the lows of the previous two years. The price of West Texas Intermediate crude oil in the United States has soared from $21 per barrel at the beginning of the year and continued to rise. Due to the soaring oil prices, the prices of high-end products in the oil consumption market have continued to rise. (Read the novel)

Since June 1, 1998, China has begun to implement a linkage method that links domestic crude oil prices with international market prices, and the prices of refined oil products will be linked to international market oil prices starting in May this year. The purchase and sale prices of crude oil between the two major oil companies will be determined by negotiation between the two companies, PetroChina and Sinopec. The settlement price between the two parties will be composed of the crude oil benchmark price, freight and miscellaneous fee discounts, and quality discounts.

In 1998, my country's petroleum and petrochemical industry implemented a strategic reorganization. Two large-scale enterprise groups, PetroChina and Sinopec, were established. The previous pattern has always been that PetroChina controls oil production, while Sinopec controls downstream crude oil refining.

It was not until the middle of 1998 that the two companies began to transfer assets to each other. PetroChina's parent company, PetroChina, received some of the refinery assets injected into Sinopec, and Sinopec was able to inject some oil field assets. The purpose of this arrangement is to establish two oil companies that integrate upstream and downstream businesses. The two companies will compete to a limited extent in China, and may break out of the country in the future and become two Chinese oil companies with international influence. In the process of this huge asset reorganization. The Yangtze River became the dividing line between the assets of the two companies. PetroChina and PetroChina will control assets north of the Yangtze River, while Sinopec will control assets south of the Yangtze River.

At the end of last year, China National Petroleum Corporation was registered with the State Administration for Industry and Commerce. It is mainly engaged in oil and gas exploration and development, oil refining and chemical industry, pipeline transportation, sales and other businesses. It has more than 50 member companies with total assets of more than 400 billion yuan.

Regarding the split of PetroChina and Sinopec, many people believe that this is a huge loss of China's best state-owned assets and an expansionary monopoly in the industry. PetroChina quickly abandoned the advanced historical experience since large-scale industrialization. In the historical process of political and economic compromise, the oil industry cultural system was rapidly deconstructed, leading to the collapse of the industrial chain centered on oil and petrochemicals in the national economy since the 1960s.

In the historical hardships of non-core enterprises, huge oil profits flowed to international capital groups.

As China's best state-owned assets, the split and overseas listing of PetroChina is also the biggest economic mystery in contemporary China: why was the complete oil industry system built entirely on the strength of the Chinese state split?

The chief representative of the Beijing office of the Goldman Sachs Consortium of the United States once said. Read the novel and you will arrive~ What he is most proud of is being able to participate in the reform of the entire oil industry. There were only two choices at the time: either allow China to continue to maintain an oil company with 1.5 million employees and watch the company fall into extreme difficulties in ten years, or China could reorganize the company into a beautiful and competitive international oil company.

In fact, the future of this huge oil company is not as worrying as what the naive representative stated. It has relatively independent systems for oil and gas exploration and development, petrochemical industry, oil field construction, production command system, and operation management system. , scientific research and development systems, logistics systems, water supply systems, power supply systems, heating systems, communication systems, fine chemicals, machinery manufacturing, medical security and diversified business development systems, agricultural and industrial and commercial systems, education systems, real estate development systems, long-term contribution to the Chinese economy It provides huge economic support and is known as the economic foundation of the party. It also provides valuable advanced experience to China's national industry with a complete industrial management system.

Just take the Daqing Oilfield as an example, an industrial system that has developed independently and through self-reliance since China's industrialization. With an annual output of more than 50 million tons, it has achieved high and stable production for 27 years, creating a miracle in the history of similar oil fields in the world. The exploration and development results of Daqing Oilfield and major projects such as two bombs and one satellite have been recorded in the history of China's science and technology development.

to the end of last year. It has produced nearly 1.6 billion tons of crude oil, accounting for more than 40% of the country's total output in the same period. It has exported 350 million tons of crude oil and earned nearly 50 billion yuan in foreign exchange. The Daqing Oilfield has been evaluated by the world's oil industry as a long-quality and high-quality oil field. People are confused and can’t figure out what’s wrong with the ownership system, nor can they see any reason why PetroChina needs the participation of international oil monopoly capital.

After Fan Heng saw this information, he also saw that the two major oil companies were currently fighting for terminal resources, competing to buy gas station resources in various places, resulting in a large loss of state-owned assets, the continuous growth of adultery, and this trip to I saw all kinds of phenomena when I was in Donghai Province, and I was extremely depressed, but I couldn't find anyone to talk to. It was really very uncomfortable.

When he thought about it, he could understand Boss Zhu's distress. It was really not easy to do something practical. No matter which angle you acted from, you would be restrained by various forces. As the saying goes, desire makes waste.

After thinking for a long time, he finally made a call to his son Fan Wubing. Fortunately, he still had an excellent line to talk to that could allow for in-depth communication, which was unmatched by others.

His son Fan Wubing could always come up with some solutions to his problems, which was more effective and more helpful to him than listening to experts chattering about completely opposite opinions.

At least, there is no need to worry that his son will make some bad moves to trick him.

Fan Wubing was scratching his head after listening to his father Fan Heng complaining on the phone. This matter has always been a very confusing puzzle, and he himself was a little confused. At this time, his father asked I got up, but I didn’t know how to answer.

However, Fan Wubing has been focusing on the research of oil and gas resource development recently, and he happens to have some insights into the current situation of domestic oil companies, so it is not impossible to communicate with his father, Director Fan.

“China Petroleum’s total assets account for about 5% of the total assets of state-owned enterprises, and its profits account for about 25% of the profits of the entire state-owned enterprises. It plays an important role in China’s national industry. This set of data is enough to show that China’s Petroleum Corporation plays an important role among the national industry groups. It is a high-quality and efficient industrial chain. Why does such a high-quality national industry need to be transformed into a joint-stock company? Is it a huge survival crisis or is there another hidden reason? I think it is not the chaos of the superstructure, but the chaos of the economy. The economic foundation has hindered the huge privatization process of Chinese society," Fan Wubing said to Fan Heng after thinking about it.

"Privatization process?" Fan Heng felt a little uncomfortable after hearing this.

"Don't feel uncomfortable hearing this. This is the truth." Fan Xiu, whose father was ill until he was ill, has a deep affection for state-owned enterprises, but this is the most incompatible with the reform of state-owned enterprises that he is currently in charge of.

In Fan Wubing's view, the biggest obstacle for his father, Fan Heng, is not ruthlessness, but affection. His feelings for state-owned enterprises are too deep, which caused him to have emotional and intellectual difficulties in the process of reforming state-owned enterprises. Incompatible phenomenon. Leading to psychological imbalance, it is difficult to control for a while

.

Emotions are always the biggest obstacle for an ordinary cadre to grow into a politician. If you want to become a successful politician, you must first learn to abandon unnecessary emotions, or you can only express yourself correctly at the right time and the right place. Correct feelings that should be expressed correctly are the way to be an official, and the only rule that can win the support of both the government and the opposition.

"In other words, you have to learn to perform." Fan Wubing pointedly pointed out to his father Fan Heng.

"Learn to perform? Isn't that any different from asking me to fake?!" Fan Heng raised his voice and asked very slowly.

"This is the only way for you to grow up," Fan Wuyi said without hesitation.

Regarding the split of PetroChina, the reason proposed at the time was that PetroChina was inefficient and could not be compared with the American oil giants, etc., so it had to reform. However, the economic scale and production scale were restricted by the market scale and supply and demand, and according to the current Judging from the scale of China's economic development, there will not be an oil company comparable to Exxon in China. The size of the so-called profits also depends on the size of the market.

Not as massive as the U.S. economy. Is it necessary to artificially create a weird scale for China's oil to become richer than the giant American oil companies in the world market? Could it be said that after the restructuring, PetroChina will be able to reach the economic scale of Exxon? This is of course impossible

Objectively speaking, the correct path that PetroChina should eventually choose is to solve the problems from the perspectives of production and operation mode, business management, accounting and auditing, logistics control, process level, and scientific and technological research. Now it seems that PetroChina, after the strategic structural adjustment, ignored the basic issues of price, cost, investment and its accounting system in line with international practices, which has caused extreme dissatisfaction among international monopoly capital groups. The EU's failure to grant China market economy status is related to PetroChina's extensive operation, high cost and high investment after its overseas listing. This proves that the ownership issue is not the real reason for PetroChina's strategic structural adjustment and overseas listing. The artificial gap shown by the unrealistic comparison between PetroChina and the world's largest oil-blocking capital group cannot simply show the backwardness of PetroChina's industrial management mode and operation mechanism at that time.

Now it seems that the so-called rectification of state-owned backbone enterprises by the Goldman Sachs consortium in the United States is not pure in itself. What exactly does PetroChina need the Goldman Sachs consortium in the United States to rectify? What is the strategic goal to be achieved? Doesn't China have the ability to rectify its own state-owned backbone enterprises?

With all the problems not settled, the historic tragedy of China Petroleum occurred. The US Goldman Sachs consortium personally participated in the plan of mass layoffs of Chinese oil workers. Goldman Sachs pointed out that the assets of China National Petroleum Corporation. Including the 1.5 million workers employed, it is impossible to go public easily, and the number of workers must be reduced from 1.5 million to 480,000.

So, Sinopec automatically gave up the drilling team that had made great contributions to itself. Later, the Daqing drilling workers called this behavior the policy of killing the donkey after unloading the mill. The angry crowd slaughtered a donkey in front of the Daqing Oil Administration Bureau, which symbolized that it had been pulling the mill for Daqing Oilfield for decades, to express their anger.

It is precisely because Fan Heng can be exposed to such confessions every day that he feels very depressed, but such things must be done. The depression in his heart can be imagined.

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