Selling oil across Libya

Chapter 24 6000 Million

Three hours after the post about "refineries resuming operations" was published, only one person, "Hand of Justice," had replied.

Qin Rui suspected that the post had been hidden by the forum administrator and could only be seen by himself and the Hand of Justice.

That's fine. Although Qin Rui needs industrial products from East Asia, he can't put all his eggs in one basket.

Eni is still very interested in Libyan oil.

After receiving Yuri's fax, David Carcani, Vice President of Global Unconventional Exploration at Eni, arrived in Zawiya by helicopter to speak with Yuri in person.

Yuri was generous, offering David $100 a barrel.

However, Eni was required to disclose the details of the transaction at $110 per barrel.

"This is difficult."

David appeared troubled, but was actually overjoyed inside.

Eni's initial purchase intention is 100 million tons, or about 700 million barrels.

There's a lot to be done about a $10 difference in price per barrel.

"95".

Yuri's negotiation style was simple and brutal.

"Sir, this is not about money."

David still wanted to put on airs.

"Final offer: 90."

With just two sentences, Yuri gave up another $7000 million.

"make a deal!"

David was overjoyed and couldn't wait.

Since Numidia LLP does not have an international settlement account, the oil prepayment will be deposited into Numidia LLP's designated accounts at Intesa Credit Bank and Intesa Sanpaolo Bank in Italy.

UniCredit is the largest bank in Italy.

It is comparable to Union Saint Paul Bank.

Both banks are facing enormous market pressure due to the Italian sovereign debt crisis.

Qin Rui was quite satisfied with the result.

At $90 a barrel, 700 million barrels would cost $6.3 million, which translates to nearly 40 billion RMB.

Qin Rui called Wang Hai and asked him to set up a procurement center in East Asia.

We've already been purchasing in the hundreds of millions, so we have to work directly with the source factories and don't accept any middlemen.

In 2011, both the original factories and the distributors were engaged in fierce competition.

This is especially true for export companies.

Following the outbreak of the European sovereign debt crisis, with a sharp decline in orders from Europe, most of the source factories have also fallen into operational difficulties.

Qin Rui now consumes 2100 [Evolution Points] every day.

Including skilled workers and college students hired from East Asia, as well as oil field workers, Qin Rui had a total of 4300 people under his command.

Although the daily consumption of supplies by more than 4,000 people is not much, it is very trivial, covering everything from clothing, food, housing, transportation to daily necessities.

Qin Rui handed over the procurement task to Qin Liang, while focusing his main efforts on the resumption of production at the Sharara oil field.

The Alwafa oil field produces only 10 barrels per day, with the bulk coming from Sharara.

Qin Rui was also surprised that on the third day after the Alwafa oil field began supplying oil to Zawiya, the oil field workers actually went on strike due to dissatisfaction with working hours and wages.

Based on the salary system established during the Colonel's era, Qin Rui designed an incentive system that rewarded hard work.

The incentive program, however, has been met with strong opposition from some Libyan workers.

Why?

Qin Rui was surprised.

Equal pay for equal work.

Chris scoffed, dismissing the striking workers' demands.

The principle of "equal pay for equal work" was very meaningful when it was first introduced.

It's been ruined now.

"Equal pay for equal work" is based on equal conditions.

The "conditions" here also include workload and working hours.

In an effort to appease the Libyans and expand the privileged class as much as possible, the colonel wished he could split one job into ten so that more Libyan families could benefit.

Qin Rui disliked these workers and gave them 24 hours to return to work, or they would all be fired.

"all?"

Chris was worried that the newly hired college graduates would not be able to support stable production at the oil field.

Yes, all of them.

Qin Rui acted decisively.

If oil workers believe that the incentive system designed by Qin Rui is unreasonable, they can report it to higher authorities through normal channels.

For the sake of oil, Qin Rui wasn't entirely against negotiation.

To strike right off the bat is not a legitimate way to express one's demands.

These people probably believe that without them, the earth would stop spinning.

What else is there to say?

"If we let them achieve their goal, it will create path dependence, which will have endless consequences."

Qin Rui only reasons with reasonable people.

Qin Rui's decision to arrive at the Alvafa oil field instantly ignited the already indignant oilfield workers.

"These damned traitors! We should heed the call of the Great King of Kings, take up arms, and drive them out of Libya."

Former Alwafa oilfield production manager Yasser is hysterical.

Yasir is a close confidant of Colonel Muhammad's eldest son and one of the initiators of the strike.

On August 29, on the eve of Tripoli's fall to the army loyal to the Transitional Council, Mohammed, along with his mother Safia, sister Aisha, and Colonel Hannibal's fourth son, fled to neighboring Algeria for refuge.

After the interim government was established, it demanded that the Algerian government extradite the colonel's family back to Libya for trial, but the Algerian government refused.

The interim government's request for the extradition of the colonel's family was actually aimed at the wealth accumulated by the colonel's family during their rule of Libya.

The colonel came to power in a coup in 69, and it has been more than 42 years since then.

Over the decades, the Colonel's family accumulated enormous wealth.

Following the launch of Operation Odyssey Dawn, the United States froze approximately $300 billion to $370 billion in assets belonging to the Colonel's family, the United Kingdom froze approximately $100 billion to $160 billion, and Canada, Austria, and other countries also froze billions of dollars.

Reports indicate that the colonel and his family have traceable assets of up to $330 billion, with an additional $600 billion "not included in the statistics."

Previously, a senior official of the interim government stated that the colonel's secret assets may be worth more than $2000 billion, twice the Western estimate.

Another relative of the colonel claimed that the colonel's assets amounted to as much as $6000 billion.

"Calm down, guys. Anger won't solve anything."

Former Assistant General Manager Yusuf hopes to resolve the differences peacefully.

"Brothers, we should be realistic and negotiate with them."

Jamal, former deputy general manager of Libya's International Oil Company, fears the situation will continue to deteriorate.

"They're going to lay us all off, what's the point of talking?"

Yasir had no hope for negotiations.

"If we go back to work, we can have an opportunity to negotiate."

Jamal wants to keep his job.

"They're just threatening us; they're not going to lay us all off, otherwise the oil field will shut down completely."

Yusuf made a firm promise.

"We should make our stance clear: we'll plant explosives in the oil well, and if they don't agree to our demands, we'll blow it up so they don't earn a single cent!"

Yashir continued his rampage.

"Dude, you don't think their rifles are just firewood, do you?!"

Jamal didn't want a lose-lose situation.

"How will you know if you don't try?"

Yasir took a risk.