“According to the Ministry of Energy, our country has made a major discovery in the exploration of the Jida Bay waters in the north.
It is reported that the exploration discovered a giant oil field.
Preliminary estimates suggest reserves of 1 billion tons. This major discovery will greatly benefit our country's energy structure.
It is reported that the New Han Royal Oil Company has reached a cooperation agreement with Dragon Kingdom Oil Company. Both parties will jointly invest in the construction of a large oil refinery in Lanling County, and will conduct in-depth cooperation around the petrochemical industry...”
On the third day after Xiao Hong Jing returned to the country, the news about the discovery of oil in Jida Bay was released to the public under the instruction of the two of them.
After all, it would be impossible to hide the offshore drilling from the outside world. Since this is the case, it would be better to publish it decisively.
However, the oil reserves announced to the public were 1 billion tons, mainly to avoid other countries getting jealous.
1 billion tons of oil is already enough to make people envious. What if we announced that Jida Bay has 3 billion tons of oil?
With a value of hundreds of billions of dollars, Java, Phi Monkey, and Great Malaysia would all be envious and want to seize it.
The news spread throughout the country rapidly through official television stations.
For a time, it caused a huge sensation within the country.
“My God, this is great! 1 billion tons of oil. Doesn’t that mean we’re going to get rich?”
“If we’re going to get rich, it’s the royal family that will get rich, what does it have to do with you.”
“You can’t say that. While the royal family eats the meat, we can still drink the soup. I heard from a relative of mine in Lanling that the Crown Prince is planning to invest 1 billion USD in Bangji Island to create a tourist resort. Just think about it, with the royal family’s heavy investment, wouldn’t there be many more job opportunities?”
“That’s right. No matter what, this is good news. Didn’t you see what it said on the news? Dragon Kingdom is going to invest more than 600 million USD in Lanling. They are building an airport, expanding the port, and building an oil refinery. There will be at least tens of thousands of jobs.”
Chang'an, Royal Palace.
“Who are they?”
Xiao Yun Hai saw a group of foreigners walking out of the conference hall. He couldn't help but show a curious look. He then walked into the conference room, pointed at the foreigners who had just walked out, and asked curiously.
“Oh, they’re from Exxon Mobil. They came to talk to us about a partnership. They say their oil refining technology is the best in the world.”
Exxon Mobil?
Xiao Yun Hai's brow furrowed slightly.
This company is no small fry. It can be said to be the largest oil company in the world.
Behind it is the American consortium.
Hearing that they were here to talk about a partnership, Xiao Yun Hai was not surprised. After all, he had already anticipated that after the news got out, those international oil companies would inevitably come knocking to seek cooperation.
An oil field with a reserve of 1 billion tons is no small number.
If we use the peak of last year’s crude oil price, 1 billion tons of oil reserves would be worth tens of billions of USD.
“Did you refuse them?”
“Of course. Not only did we already agree to cooperate with Dragon Kingdom, even if we hadn't, Exxon's asking price was too high. After forming a joint venture, they demanded 70% of the profits. They were too greedy.”
Xiao Yun Hai nodded slightly. He had already guessed this, otherwise, he would not have mentioned cooperation with Dragon Kingdom in the first place.
Although their oil refining technology is not as good as the Americans.
But it's not that much different either.
In this case, it would be better to choose Dragon Kingdom. After all, by negotiating with Dragon Kingdom, we can still maintain the initiative.
Moreover, Dragon Kingdom's demand for oil is growing.
New Han is also close to Dragon Kingdom.
By cooperating with New Han, they will have one more channel.
Moreover, this channel won’t be subject to choking like the Strait of Malacca.
Therefore, as long as the Dragon Kingdom leadership doesn’t lose their minds, they will definitely be willing to cooperate with New Han.
“We refused to cooperate with Exxon, I’m afraid the Americans won’t let it go easily. They will definitely put pressure on us.”
“Dad, you have to be prepared for this. If necessary, you can contact Dragon Kingdom to conduct a naval military exercise.”
“Also, to prevent the Americans from provoking the domestic people and to strengthen the public’s support for the royal family, I suggest that we take out 100 billion Han Yuan to subsidize adults (over 18 years old) with a monthly salary of less than 1500 Han Yuan. Give them a one-time subsidy of 2000 Han Yuan. For adults with salaries higher than 1500 and lower than 2500 Han Yuan, give them a subsidy of 1000 Han Yuan.”
100 billion Han Yuan?
Xiao Hong Jing frowned, “Isn’t this too much?”
100 billion Han Yuan is roughly equivalent to 28.6 billion USD according to the current exchange rate.
This is not a small number.
Last year’s government revenue was less than 120 billion USD.
Xiao Yun Hai explained, “Dad, we have to bleed a little at this time. Since the economic crisis erupted last year, the income of the bottom people has been reduced. Now, we have discovered such a major event, an oil field. If we don’t give money at this time to subsidize and appease the people, if they are provoked by external forces, it may very well lead to riots.”
“Besides, it’s only 100 billion Han Yuan. This is nothing.”
“Just think about it, one oil field can bring us at least three to four hundred billion USD in revenue. At this time, all kinds of forces are coveting it. We must appease the people.”
Xiao Hong Jing doesn’t have a system, no cheat code, he’s not someone who was reborn, so naturally he cannot consider things as farsighted as Xiao Yun Hai.
To be precise, he’s not as good as Xiao Yun Hai at making money.
100 billion Han Yuan is not a small number for Xiao Hong Jing.
But for Xiao Yun Hai, 100 billion Han Yuan is nothing. Once the weight-loss drugs and breast enhancement drugs are researched and launched, he can easily make two to three hundred billion USD a year.
Naturally, he would not care about 100 billion Han Yuan.
After carefully thinking it over, Xiao Hong Jing nodded, “You’re thinking farther and broader than your father. We will do it as you said. We will issue 100 billion Han Yuan in subsidies to the people in the name of the royal family.”
Seeing his old man agree, Xiao Yun Hai’s brow relaxed.
Under Xiao Yun Hai’s strong push, the Royal Investment Bureau quickly allocated 100 billion Han Yuan to the Ministry of Social Welfare.
Upon receiving the money, the Ministry of Social Welfare immediately held a press conference.
Multiple official media outlets and major internet media outlets in the country were invited to attend.
At the press conference, Lin Jianmin, the Minister of Social Welfare, announced, “In light of the difficult lives of the people after the economic crisis, His Majesty the King has recently donated 100 billion Han Yuan to the Ministry of Social Welfare to improve people’s lives. Starting next month, adults with a monthly income of less than 1500 Han Yuan will be eligible for a one-time payment of 2000 Han Yuan.
Adults with salaries higher than 1500 Han Yuan and lower than 2500 Han Yuan will receive a subsidy of 1000 Han Yuan.
The deadline for receiving the subsidy is the end of next month.
To receive the subsidy, please go to the Welfare Office in your county.”
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