The Highest Level Son of a Chaebol Family - Chapter 369



Only Noblemtl

369. The scale is different.

“You’re going to give your Aramco shares to the Saudi government?”

The smuggler dropped his chin.

“That too as a bribe?”

Is there anything that won’t work?

“Then what is your request?”

“We need to properly suck up the genetic information that Hyungwon Kim gave us.”

“… … !”

No, why do you look so surprised?

“Will that work?”

“Is there anything that won’t work?”

“The Saudi government wants to monopolize the oil fields anyway. It’s unlikely they would allow oil fields to be owned by a Korean investment company that isn’t a multinational oil company and doesn’t even have a single oil refinery facility.”

“That’s why a bribe is needed.”

The smuggling king looked completely bewildered.

Oh, I thought the smuggling king would understand right away.

Perhaps my explanation was too poor?

“I’ll be honest with you. If the government decides to take action and draw their sword, this kind of thing will be useless.”

I tapped the golden document that the smuggler took out of his bosom.

These included the certificate of rights to the oilfields purchased by Kim Hyeong-won and a research permit for oilfield exploration and sample collection.

“Land deeds and permits? How can you protect them when the government of that country is trying to take them away?”

“That’s right. That’s why power is so scary.”

The smuggling king nodded heavily.

“This will probably be buried forever in the middle of the desert without anyone knowing.”

“Then it would be too unfair.”

A golden document that shines so brilliantly.

I have no intention of burying it in the middle of the desert.

“There are three issues we need to consider if we are to get our hands on this genetic material.”

I counted my fingers.

“First, why has the Saudi government failed to completely drive out Western oil companies while advocating resource nationalism?”

Even in the face of a world-class catastrophe known as the oil crisis, the Saudi government failed to completely divest Western oil companies of their stakes in Aramco.

“Second, why does the Saudi government allow joint development with Western oil companies rather than developing its own oil fields?”

Middle Eastern countries made a lot of money during the last oil shock.

Namely oil money.

Our father also entered the Middle Eastern construction industry and won several large-scale construction contracts under the name of Taesung Construction.

But why did the Saudi government pour all that money into building cities rather than developing oil fields?

“Third, why did Western oil companies that developed oil fields make a fortune instead of being buried in the middle of the desert?”

The smuggler rested his chin on his hand and sat deep in thought.

After a long while of the ticking sound of the clock.

“I can answer the first two questions, but the last one is too difficult.”

The smuggler opened his mouth with difficulty.

“I think I understand why the Saudi government has been unable to kick out Western oil companies. If they were to kick them out without any plan, the Saudi government would be in a very difficult position.”

Bingo. That’s right!

“Saudi Arabia is a country that survives solely on the oil industry.”

“In other words, it means that the national economy can only run if there are customers who buy oil.”

“Western oil companies are the main trading partners.”

I nodded.

“Petroleum is a key industry that forms the foundation of the national economy.”

another.

“Oil supply is done at the private sector level, not at the government level.”

“It is because it is burdensome for the government to manage even the smallest retail supply transactions.”

Korea also established a public corporation called Korea Oil Corporation to supply oil.

“The same goes for the United States, Japan, and other advanced countries.”

“So, the so-called multinational oil companies could have emerged?”

“If you were to say a company that grew by sucking up Middle Eastern oil, would you mean the Rockefeller Foundation?”

“The problem is that that’s exactly what we want to do.”

Why does the Saudi government tolerate joint development with Western oil companies?

I curled my thumb and index finger into a ball.

“It’s all about money.”

It was the logic of capitalism.

“It costs a lot of money to do a single drilling, let alone genetic exploration.”

“That’s right. We were lucky to find oil and gas on one drilling run, but that one drilling run broke a ton of money.”

The smuggler trembled as if he was fed up.

“I thought, ‘Oh, I don’t know,’ because they finished the exploration and signed the drilling contract, so I was hoping for something, but if that hadn’t happened… Oh my, I don’t even want to imagine it.”

As it turned out, we ended up putting a spoon on the table prepared by Kim Hyung-won.

If you start by planning the acquisition of suspected genetic sites, exploration and drilling, oil field development, and construction of related facilities, the task becomes very daunting.

“Time, manpower, drilling facilities, and even technology issues… … To be honest, if I had to do it from the beginning, it would have been an impossible dream.”

It was a path that was destined to be filled with hardships, including the sound of money being lost and the sound of evil being heard.

“Besides, there are so many suspected genetic sites in the Middle East. How can we possibly dig up all of them?”

No matter how much oil money the Saudi government earned, it would have been a waste to pour all that money into oil field development.

I nodded.

“It is enough to leave the work that may or may not be done to other countries and other companies, and to seize only the oil fields that are sure to make money by force. Isn’t that the basic idea?”

There is no such thing as a thief.

That’s why powerful people are annoying to deal with.

“That’s exactly what we need to dig into.”

I smiled brightly.

“That is why the Saudi government did not block exploration and drilling by private companies, and thanks to that, we have already been able to complete successful exploration and drilling.”

The expected reserves are already being estimated.

The Saudi government is sure to have its eyes on it, so it means that the only thing left is robbery.

“The question is how to keep this from being taken away.”

So the third problem I picked was:

Why were Western oil companies that developed oil fields able to collaborate with the Saudi government instead of being buried in the desert?

“That’s the part where the question mark popped up in my head.”

The smuggler took a long sigh.

“Is it true that the only way to avoid death is to use a sword?”

That damn hemp!

That was the smuggling king’s life strategy that allowed him to reign as the heir of Busan for nearly 30 years.

“You just have to get dirty with the Saudi government.”

bingo.

As expected, we communicate well.

“The strategy is that if we collapse, the enemy will also suffer a dirty look. But no matter how much I think about it, I can’t find the strategy.”

The smuggling king smiled in resignation.

“What can you do with just a small stake in Aramco?”

The smuggler’s expression became a little more serious.

“The Saudi government has nothing to be sorry about. It can just take Aramco shares by force, so it is treating multinational oil companies like crap, so it is nothing more than a bribe… … .”

Finally, the smuggling king raised both hands.

“I’m done here.”

It’s great, right?

I really liked your honest answer.

“I wonder if the Saudi government will be a viable trading partner.”

“Would a single Korean investment company be that attractive to the Saudi government?”

“So, first of all, I need to turn over another shell, right?”

“What kind of shell would you like to turn over?”

“How about the title of one of the leading oil companies in Asia?”

“yes?”

Why are you jumping up and down like that?

I was surprised too!

“Suddenly? How?”

The smuggler looked at me with a look of disbelief.

“Even if we include JH Investment and Taesung, we don’t even have an affiliate called an oil refining company?”

“So I’m going to try making that from now on.”

I banged my coin purse.

“I’m going to start with Yugong first.”

“yes?”

The smuggling king’s eyes shook as if there was an earthquake.

“That Yukong that has a 50% stake in Gulf of America? Are you talking about Korea Petroleum Corporation?”

Yes, that’s right.

“I had already received confirmation from the President regarding the acquisition of Yukong.”

“yes?”

Huh? Why are you surprised?

Why was it that only the smuggling king didn’t know about the fact that even President Shim and the closest associates of Taesung Group who wrote the petition knew?

… … That’s because he was sent to the US to clean up the aftermath of the Korea Gate and to sort out the American company’s shares!

“Documents are more certain than words.”

I took the President’s handwritten letter out of my coin purse and showed it to him.

“Uh-huh-huh!”

The smuggler lord vomited out his flagship in shock.

“No, the construction of an integrated steel mill, reclamation, and port construction are not enough, so you even promised to take over Yukong?”

… … The smuggling kingpin has been in America for a long time.

“Well, how did you manage to boil the president to the point where you could tear him apart like this?”

The smuggler’s eyes were ablaze with awe and respect.

“If you even hear the sound of a nuclear submarine, you’ve said everything… … How did you actually receive that?”

The smuggler suddenly froze stiffly, as if he was sticking his tongue out.

“Wait a minute, Your Majesty. Since the President promised Taesung’s brain, shouldn’t Yukong go to Taesung Group and not to our JH?”

Well, is that really so?

“No, let’s say that Taesung or JH ate Yukong anyway. From Saudi Arabia’s perspective, Yukong is just some kind of small business owner.”

The smuggling king tried to increase and decrease the spacing with his hands.

“Look. The size doesn’t come out at all.”

It was a bonus to feel regret and to regain one’s appetite.

“At this level, the title of one of the best oil companies in Asia that you mentioned is not… … .”

“Why do you think I only eat Yugong?”

Now, I’m the one who’s more puzzled.

“We don’t have money, we don’t have the ability, we don’t have the foundation?”

I banged my coin purse.

“Vice President, how much cash did you secure by selling the stocks of American companies you owned before the second oil shock?”

“Excluding the oil company stake that hasn’t been fully settled yet, it’s probably around $4 billion?”

“Do you know whose dog’s name is 4 billion dollars?”

“It will cost at least $400 million and up to $800 million to acquire Yukong.”

The smuggler quickly added.

“It’s a limited price. Gulf will never make a decision that will make them lose money. They will put a heavy burden on us.”

The nodding of my head also became faster.

“If we hear that you are establishing or acquiring a separate oil company, negotiations will become even more difficult. Gulf will not just sit by and watch that happen.”

Gulf Oil, Inc. was also one of the multinational oil companies.

That meant they could treat me like a competitor.

“Even if we go through all kinds of hardships and acquire Korean oil companies one by one to grow in size, that’s all we’ll end up with.”

In Korea, Yukong was not the only oil refinery company.

That’s because the construction project that the government established and pushed for is so overwhelmingly large.

There were also several local oil refining companies, including Samhwang Oil and Woogwang Oil.

“Even so, it would only be the best oil company in Korea. It would never be the best in Asia in the Korean market alone… … .”

“What if we get Japanese oil companies too?”

“……yes?”

The smuggling king blinked his eyes.

“Would that work? You’re going to acquire a Japanese oil company when Japanese companies are dominating the world’s market cap rankings?”

There’s no way it wouldn’t work, right?

That’s because I said I’ve already laid out enough foundation.

I didn’t stop there.

“I’m thinking of getting an oil company from China or Taiwan.”

“Huh?”

The smuggling king opened his eyes wide and jumped.

“What nonsense are you talking about!”

Ding dong ding dong ding dong ding dong ding dong ding dong ding dong ding dong ding dong!

Just then, the loud ringing of the doorbell interrupted.

Bam!

He boldly slams open the front door at a speed that clearly shows he has been running from the front gate.

“Jeonghyeok, grandpa is here!”

My grandfather, the head of Taesung Group, shouted loudly as he was being raped.

“Jeonghyeok, let’s eat Yugong!”

Without even checking who the guest was.

As his nickname, the Flame Bulldozer, suggests, my grandfather would just throw down the text without asking any questions.

“How about trying some Ugwangjeongyu while you’re at it!”

The smuggler king shook his head.

“How come grandsons keep saying the same thing… …!”

The sound of footsteps running across the living room was truly loud.

“Our Taesung will stand tall as the best oil company in Korea!”

The smuggling king snickered.

“The scale is different.”