Reborn Russia As An Oligarch

   Chapter 448 Turning to the East

   In the end, it was because of his relationship with Kovchenko that he was promoted to enter the Economic Committee.

   Or because he entered the Economic Committee, he accelerated his pace of entering the Yukos Group Board of Directors...

   This is really not clear.

   It can only be said that these two things are complementary and indispensable!

   figured this out, and Wang Ye was no longer entangled. He said with a smile: "Since everyone thinks that I am qualified to be on the board of directors of the group, then I would be more respectful than obedient! I hope that in the future work, everyone will give me more advice and support."

Hovchenko nodded with satisfaction and said, "Very well, Misha, you are the youngest member of the board of directors. In the future, you will have to worry more about the group's affairs. I guess your economic committee will definitely discuss policy issues related to the energy industry. Don't forget that you are also a member of the Yukos Group's board of directors."

   Sure enough, Wang Ye's new identity in Duma was indeed the key to his entry into the board of directors of the group.

   In the end, Wang Ye is also "his own person", and he has played an important role in the State Duma, so he can speak at critical moments.

   Of course, although Khovchenko did not mention it to Wang Ye, Wang Ye estimated that in the Duma, it was definitely not only himself who was willing to speak for Yukos, but there must be many other members of parliament.

   After all, Hofchenko has a lot of money, and he has already planned to enter the political arena, so he will also make arrangements in advance.

  …………

   confirmed Wang Ye's directorship, and it stands to reason that the next step is to arrange work for him.

   After all, he is a director, and he is different from the former non-staff personnel, who need to undertake corresponding work.

   However, Wang Ye's situation is special, and he really can't work in the group full-time, which Hofchenko naturally knows.

   So he also made special arrangements according to the actual situation of Wang Ye.

  According to the division of labor, Wangye is responsible for managing the security of all oil fields within the group, as well as large-scale mergers and acquisitions and investments.

  Security work is easy to understand, because Wagner owned by Wangye has now grown into the largest security company in Russia!

   Regardless of the number of security personnel and weapons, they are no less than state-owned security companies, and even stronger!

   The Yukos Group has many oil fields in the wilderness, and security work is naturally necessary. In fact, last year, these security tasks of the group have been signed to Wagner Company, and the price given is not low.

   It cannot be said that it is a transfer of benefits. After all, the group does need security services, and Wagner is also the strongest security company in Russia!

   As for the second business that Wang Ye is responsible for, that is, large-scale M&A investment, this is better understood.

   Since the last "small test" and the acquisition of Siberia Oil Company, Hovchenko has a new understanding of Wangye!

  This guy is not only smart, but also bold and careful, and he is also ruthless...

   To engage in such a large-scale acquisition is much stronger than himself!

   If Yukos Group has any major acquisitions in the future, it is estimated that Hovchenko will directly hand it over to Wangye without hesitation!

   Needless to say about investment, after all, the Polar Bear Investment Company is controlled by Wang Ye. Although Wang Ye has not yet seen any special talent in investment, Hovchenko believes that Wang Ye will not disappoint himself...

  …………

   After discussing the business, it was not too early, Khovchenko simply announced the dismissal of the meeting and let the directors go home to rest.

   As for Wang Ye, he followed Hovchenko back to the president's office. The two hadn't seen each other for a while, so they chatted for a while.

   came to the sofa and sat down respectively, and Kovchenko's secretary brought them steaming black tea.

"Misha, after the Group's acquisition of Siberia Oil Company, the production has increased a lot. Currently, the production exceeds the sales volume, and since the second half of last year, the international oil price has also begun to slump, so the company's prospects for this year are a bit vague. Do you have any good suggestions?"

  Hovchenko's face was a little unsightly, and he asked vaguely with a cigarette in his mouth.

   The oil production of the Yukos Group is indeed huge, almost accounting for 80% of the country's total production!

   To be honest, from the perspective of an outsider, Wang Ye felt that Hovchenko was too much.

   You must know that Russia, a country, relies entirely on the sale of resources to develop its economy. Eighty percent of the country's fiscal revenue, or even almost 90 percent, depends on the export of various resources.

   It was a huge cake, and Hovchenko himself cut a big piece...

   It's no wonder that in the "previous life", Khovchenko will soon be unlucky, it is also because he is too greedy!

   In this life, because of the appearance of the king's business, the situation has changed a little.

   At least there is no sign yet that someone is going to move Khofchenko, but Wang Ye believes that this day will not be too far away.

   Speaking of sluggish oil prices, it is obviously closely related to the world economy.

In the second half of last year, there was such a big event in Laos and the United States. In addition, the global economy has not been very good in recent years, so the price of oil has continued to decline. From about $40 per barrel of oil in 2000, it has dropped to the current price per barrel. Around $25...

  This price is close to half!

   It's no wonder that Kovchenko frowned. If it was himself, he would definitely feel uncomfortable.

   Of course, when the price has dropped to this level, the company is still profitable because Wang Ye has seen the company's financial statements.

  The actual mining cost is about 15 dollars per barrel, and the gross profit per barrel is still ten dollars.

  According to the annual output of Yukos Group of nearly 300 million barrels, the group's revenue is still as high as 7.5 billion US dollars, and its profit is as high as 3 billion US dollars...

   But compared to the previous years, it doesn't look good enough.

  If the international oil price can still be maintained at 40 US dollars, then the profit of Yukos Group is astonishingly high, reaching 7.5 billion US dollars!

  Unfortunately, although Khovchenko is a giant in the oil industry, he still cannot determine the international oil price.

   In recent years, it belongs to the buyer's market!

   was a year of excess production…

  …………

  Wang Ye thought about it and asked seriously:

"I have read the group's report last year and found that 70% of our oil was sold to various European countries, and only 20% was sold to Asia. But according to my judgment, the In the next ten, twenty years or even longer, the demand for oil in Asia will increase significantly! So I suggest that the group company should seriously consider how to open up the market in Asia, especially a certain eastern country..."

  This is definitely not nonsense, what he said is the truth. Of course, only Wang Ye knows about these things for the time being, and others may not be able to see it so clearly.

   (end of this chapter)