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Chapter 101 Happy cooperation
Lin Haoran had some knowledge of Ahmed Zaki Yamani, the current head of Saudi Aramco.

He is not only the head of this giant enterprise, but also the Saudi Minister of Petroleum and Mineral Resources.

Under his leadership, Saudi Aramco transformed from a private enterprise to a state-owned enterprise.

This is a big shot.

However, Lin Haoran was not nervous at all. He came here to do business, not for any other purpose.

Even if he fails, he can still seek cooperation with oil exploration companies in other countries.

An order of 60 million US dollars is not that big, as he is not a long-term partner, but it is definitely not small either.

In business, there is no such thing as who owes whom anything. Everyone trades fairly.

In the evening, Lin Haoran went to bed early and spent an extremely ordinary night in the strange country of Saudi Arabia.

The next morning, he got up early.

The hotel is not tall, with only a dozen floors, but Lin Haoran's room is on the 12th floor. From this height, he can clearly see a huge oil field in the distance, as well as his destination, the headquarters building of Saudi Aramco.

Near the headquarters building, he also saw many oil storage tanks.

Looking at the large area of ​​oil storage tanks, Lin Haoran had an idea. Can these oil storage tanks be rented out?

After he bought the crude oil, it was definitely impossible for him to extract it directly, after all, he had no place to put it.

Seeing these oil storage tanks, Lin Haoran had an immature idea.

In addition, he had to wait until the oil crisis broke out and get a satisfactory price, which would take at least half a year.

From late 1978 to early March 1979, Iran stopped exporting oil, causing oil prices to fluctuate and supply to tighten.

The sudden reduction in crude oil supply in the world oil market triggered a rush to buy crude oil, and oil prices rose sharply.

After signing this deal, within half a year, the price of crude oil more than doubled. By 1980, it had risen to more than or even close to US dollars per barrel.

However, Lin Haoran certainly cannot wait that long. Instead of waiting for such a long time, he might as well leave the market as soon as possible and use the funds elsewhere.

After all, there are more ways to make money than just relying on the oil crisis.

He had already decided to enter the gold market in June or July next year.

Compared with the rise in oil prices, the rise in gold prices is greater and in a shorter time!

For crude oil, it would be enough if you can make about double the profit.

After all, for Lin Haoran, time is money. He is not satisfied with spending a year and a half to make two or three times the money in the crude oil market.

If other people heard this idea, they would definitely say, "Look, is this human language?"

After all, investing in a business that wants to double its money, especially a business with hundreds of millions of dollars, is not that easy.

In particular, the larger the scale of the enterprise, the more difficult it is to obtain profits. For example, Jardine Matheson, HSBC Capital Markets, and Wharf Holdings, maintaining a profit of more than ten points every year is already very good. A large number of companies are in a loss-making state.

There is no way. As a company grows bigger, it has more businesses and subsidiaries, and it starts to develop in a diversified way, it is inevitable that it will incur losses. In many cases, the speed at which it makes money may not be as fast as it loses money.

Lin Haoran had a very local breakfast at the hotel, which included flatbreads, sandwiches, dates and camel milk.

Seeing that it was almost time, he walked out of the hotel with his bodyguards, got into a taxi waiting for guests at the hotel entrance, and headed to the headquarters of Saudi Aramco.

A few minutes later, he and two bodyguards arrived at the headquarters building of this famous oil company.

Because he had made an appointment in advance, Lin Haoran was smoothly led to an office by the staff.

"Are you Lin Haoran? Oh, I'm sorry, Mr. Bao didn't tell me that you were still so young. Please sit down." When he saw Lin Haoran, the big man who dominated Saudi Aramco asked in surprise, but he did not look down on Lin Haoran.

"Hello Mr. Yamani, Mr. Bao is my elder. He learned that I wanted to buy oil, and he happened to have a good relationship with you, so he introduced you to me." Lin Haoran said politely.

He knew that the person in front of him was no simple figure. Even facing pressure from the White House, he remained calm.

"Indeed, Mr. Bao is my friend, and our Saudi Aramco and his Global Shipping Group are good partners." Ahmed Zaki Yamani highly agrees with this.

Otherwise, with his status, he would not have personally received Lin Haoran. Matters like doing business could be left to his subordinates.

"Mr. Yamani, I know your time is precious, so I won't waste too much of your time. Let's get straight to the point. I'm sure you are very clear about the purpose of my coming here. Yes, I have prepared 60 million US dollars in funds this time and want to order a batch of crude oil from your company." Lin Haoran said very directly.

"Sixty million dollars is not a small amount. Is Mr. Lin in the petrochemical industry?" Ahmed Zaki Yamani asked curiously. "No, as for the crude oil I ordered, I have my own plan and I have prepared the funds!" Lin Haoran said with a smile.

He did not talk about any topics like the oil crisis in front of Ahmed Zaki Yamani. That would be a waste of time and there was no need for that.

He came here purely for this transaction, and there was no need for him to tell the other party the purpose of buying crude oil.

"Of course, that's no problem. With 12.87 million US dollars, at the current market price of 466.2 US dollars per barrel, you can buy about 12.5 million barrels. You were introduced by Mr. Bao, so I'll give you a preferential price of 480 US dollars per barrel, which is million barrels of crude oil. How about that?"

Ahmed Zaki Yamani took out a calculator and did some calculations, then said to Lin Haoran.

"Of course there is no problem, but Mr. Yamani, I have another question. After I sign the contract with your company, I can pay at any time. I wonder when the crude oil can be picked up?" Lin Haoran asked.

"We, Saudi Aramco, are a major crude oil producer in the world. We have a certain amount of reserves. According to normal procedures, we need to queue up for shipment according to orders. However, Mr. Bao and I have a good relationship. For Mr. Bao's sake, if Mr. Lin wants to pick up the goods, I can give you priority. You just need to drive the oil tanker to the Dammam Port!" Ahmed Zaki Yamani said with a smile.

From Ahmed Zaki Yamani's words, Lin Haoran once again felt Bao Yugang's influence in the business world.

But it is not surprising. It is said that there is a photo wall in Bao Yugang's reception room, on which there are photos of him with dignitaries from various countries, including presidents, prime ministers, kings and other countries in Europe and the United States. From this, we can see how great his influence is.

"Thank you so much. I want to ask you a question. Do you rent out Saudi Aramco's oil storage tanks?" Lin Haoran continued to ask.

"Oil tank rental? We don't have this business? What does Mr. Lin mean?" Ahmed Zaki Yamani asked puzzledly.

"After purchasing this batch of crude oil from your company, I don't plan to ship it back for the time being. Instead, I want to temporarily store it in your company. The storage time will probably last until around June next year, so I would like to ask Mr. Yamani if ​​your company's oil storage tanks can be rented out." Lin Haoran expressed his thoughts.

"Mr. Lin, since you are not going to withdraw it for the time being, why don't you wait until you are ready to withdraw it and then buy it from us?" Ahmed Zaki Yamani was even more confused.

"To be honest with you, Mr. Yamani, the price of crude oil changes every day. I'm afraid that the price of crude oil in June next year will be quite different from the current price, so I plan to buy it in advance." Lin Haoran said with a smile.

Ahmed Zaki Yamani already had a guess and knew Lin Haoran's purpose.

However, he did not pay much attention to this issue. After all, even he could not have imagined that the Pahlavi dynasty was about to collapse.

Business is business. Aramco sells oil. If buyers have demand, it is not impossible for them to provide it.

"Mr. Lin, our company can store the crude oil for you free of charge until June of next year. During this period, you can withdraw the crude oil at any time without having to pay any extra money. All of this can be stated in the contract. However, if it exceeds this time, we will charge you." Ahmed Zaki Yamani said seriously.

"Thank you so much, Mr. Yamani." Lin Haoran smiled.

I didn’t expect Bao Yugang to have such a big reputation.

"Well, I'll have someone draft the contract first. Mr. Lin, please wait here for a moment."

After Ahmed Zaki Yamani finished speaking, he picked up the phone on his desk and made a call in Arabic, which he could not understand.

But I think he should tell Lin Haoran about the transaction requirements so that his subordinates can draft the contract.

About ten minutes later, a middle-aged man walked in with two contracts in his hands.

"Mr. Lin, are there any problems with the contract? If you have any questions, please raise them," said Ahmed Zaki Yamani.

Lin Haoran nodded and began to read the contract.

This was an English contract, so he had no problem reading it.

$12.5 per barrel, 480 million barrels, total price $6000 million, stored until June 1979, 6. All these conditions were written in.

"Mr. Yamani, there is no problem with the contract." After reading it, Lin Haoran said with a smile.

This transaction was much simpler than he had imagined.

Sure enough, with a network like Mr. Bao Yugang's, many things became much smoother.

"No problem, then we will sign the contract. I have other things to do later, so I won't take up any more of Mr. Lin's time. Mr. Lin, when do you expect the payment to be completed?"

As Ahmed Zaki Yamani spoke, he quickly signed his name on the contract and skillfully stamped the company seal on it, then turned to Lin Haoran and asked.

"Mr. Yamani, please rest assured that I will transfer the full amount of funds to your company's account within tomorrow." Lin Haoran responded with a smile and signed his name on the contract.

He knew that there was an office of Huifeng Bank in Doha, Qatar, where he could transfer money.

"Well, Mr. Lin, happy cooperation!" Ahmed Zaki Yamani stood up and extended his right hand.

"Happy cooperation!"

(End of this chapter)