Chapter 726 Agutu Pipeline

As of the end of 2003, Unocal's total oil and natural gas reserves totaled 1.716 billion barrels of oil equivalent (oil accounts for about 38%), 50% of which are located in the Far East.

Moreover, these are registered reserves, and there are also unregistered reserves that have not completed exploration and development.

The unregistered portion, in particular, is Unocal’s truly coveted asset.

According to Red Rock Fund’s own investigation.

Unocal's total oil and natural gas reserves are at least three times the amount listed.

After all, the cards it holds are too tempting.

In the Yadana oil and gas field off the coast of Myanmar alone, Unocal has 140 billion cubic meters of reserves.

"If there were no difficulties, why would I give up huge profits to cooperate with Morgan Stanley and Goldman Sachs."

After a pause, Xu Liang took out a piece of information again.

“I understand the difficulty of acquiring Unocal.

Therefore, I can give up the equity in the ‘Agtu Pipeline’ held by Unocal. Xu Liang said calmly.

It is clear to everyone that the core of American interests is the ‘petrodollar’.

The oil reserves in the Caspian Sea range from 110 billion barrels to 240 billion barrels, accounting for about 18% of the world's total oil reserves, while Azerbaijan's oil reserves account for 1/4 of the Caspian Sea region.

Therefore, the United States has made great efforts to control this oil-rich area.

In 2002, it invested US$3.2 billion to build the Ag-Turkish pipeline, which connects Baku (Azerbaijan) - Tbilisi (Georgia) - Ceyhan (Turkey) and can transport 1 million barrels of oil per day.

This 1,760-kilometer pipeline winds through the mountains and plateaus of West Asia, bypassing Russia and "drawing oil" directly from the Caspian Sea. It is an important strategic project for the United States in Central Asia.

In order to protect this pipeline, Laos and the United States also joined hands with three countries to set up a rapid response force here.

It can be seen that it attaches great importance to this place.

The largest investor in the United States responsible for the construction and operation of the pipeline happens to be Unocal, which holds 8.9% of the pipeline's equity.

For this kind of project involving national strategy, no matter how much money he spends or how many people he recruits, it won't work.

Might as well just sell it.

Du Deheng and Paulson looked at each other. From this alone, they knew that Xu Liang's acquisition of Unocal was not a whim, but a thorough investigation.

"Xu, how much are you going to spend to acquire Unocal?"

"$14 billion."

Unocal's current market capitalization is $100 million.

Even considering the acquisition premium, US$14 billion is very generous.

"Xu, we can help you, but we can't guarantee that this matter will be successful." Du Deheng said.

"It doesn't matter if you don't succeed. Success and failure in business are normal."

Xu Liang smiled.

Du Deheng and Paulson looked at each other and stretched out their right hands at the same time.

"Xu, I believe this cooperation will create huge value for both of us."

"I think so."

Xu Liang smiled.

After the two parties communicated about the details, they signed a cooperation agreement.

Afterwards, they had lunch together, and Du Deheng and Paulson left.

"Mr. Xu, do we really want to acquire Unocal Petroleum Company?" Lu Hui asked.

"Build the plank road openly and visit the warehouse secretly."

Xu Liang said slowly.

After Lu Hui was at a loss for a moment, her eyes suddenly lit up and she blurted out.

"So the acquisition of Unocal is fake, but the secret sale of subprime CDOs is real?"

Xu Liang smiled and said: "Our gains this time are too great. I won't worry if we don't make more preparations."

The real estate sub-debt held by Pacific Fund now exceeds 100 billion.

Even if Goldman Sachs, Morgan Stanley and the Montes family share 20% of the profits, the remaining income will still be huge.

It is foreseeable that this is another huge profit comparable to the oil speculation and soybean war in 2003.

There will be even more.

So even if there are a group of wealthy and powerful people protecting him, Xu Liang doesn't know if it will lead to unpredictable risks.

Therefore, Unocal is the target he puts on the bright side to attract everyone's attention.

"Mr. Xu, what if Unocal's acquisition is successful...?"

"Then eat it."

Although he said this, he also knew that there was a high probability that it would not succeed.

Because he doesn't want to compete with the national team.

When CNOOC joined, he ceased his activities.

——

"Page, are we really going to attend Hanhua's investment reception?"

After adjusting his awkward suit, Larry Page turned his head.

"You don't want to go?"

"Hongmeng is our enemy, and I don't want to see Xu Liang show off his power in front of us." Sergey Brin said.

“Hongmeng is our enemy, but Xu Liang is not.

He now holds 7.3% of Google's shares.

In this respect, we are partners. "

Paige smiled.

"Damn it, we should kick him out. This bastard will get our secret information and let Hongmeng snipe us."

"Sergey, the other party is just a financial investment. How can he know Google's secrets without joining the company's board of directors?

And in a way, we still have him to thank.

If it weren't for Hongyan's acquisition, Google's stock price would have plummeted under Ellison's sharp sell-off. "

When Google went public, Larry Ellison chose to cash out half of his shares.

Xu Liang's acquisition happened to take over this part of the equity.

At the same time, it also indirectly boosted Google's equity.

"Larison, that idiot, he can't see the value of Google at all, he will regret it." Sergey Brin said angrily.

"Okay. Pack up, we should leave."

Brin nodded. Although he said he didn't want to go, his body was very honest.

The two of them told their secretaries and drove away.

——

"Jeff?"

Looking at Jeff Bezos who got off the private plane, Gates Sr. stepped forward and greeted him.

Amazon and Microsoft are both in Seattle, and their mansions are also located in Medina across Lake Washington, so they are neighbors.

They naturally know each other, and they have also made appointments to play golf and tennis, so they have a good relationship.

"Bill."

The two hugged each other.

"If I had known you were coming to Silicon Valley, we could have gone together." Gates Sr. laughed.

"Aren't we going together now?"

"Haha, that's true. ... By the way, are you coming to Silicon Valley to work? Or are you here to attend Hanhua's investment reception?"

"I think our purposes should be similar." Bezos smiled.

"Amazon doesn't need investment."

"Xu is Amazon's largest external shareholder."

The two smiled at each other.

"Since we have the same goal, let's go together."

"Okay."

——

A black Lincoln sedan slowly drove forward along the winding road.

After glancing at the green trees on both sides that were quickly retreating, Michael Moritz turned his head and looked at the old man beside him.

"Tang, I didn't expect you to come too?"

Valentine smiled, "Hanhua is the fastest growing venture capital company in the global market today. It is not only the overlord of China's technology field, but also invested in famous companies such as Zoom, Netflix, Aped Travel, and Skype in the United States.

So, I am very interested in Xu Liang, who is leading all this."

Moritz smiled, "I heard that John from Kleiner Perkins will also come, so don't fight."

"Humph, although that old guy is despicable and shameless, he still has self-knowledge and knows that he is not my opponent, so he will only provoke me verbally."

This old man, who is almost seventy years old, still retains the stubbornness and confidence of his youth.

"Michael, China is developing very fast. Venture capital institutions around the world are making plans. Sequoia can no longer be a spectator." Valentine suddenly said.

Moritz's face became serious.

"I came to attend Hanhua's investment reception this time just to talk to Xu Liang about this issue."

"Are you afraid that he will set obstacles for us to enter the Chinese market?"

"No, I hope to cooperate with Hanhua, all-round cooperation."

Valentine was stunned for a moment, then nodded thoughtfully.

"Hanhua has proved its strength in the field of venture capital. It is indeed a very good partner."

"Excellent people often have confidence that ordinary people can't reach. I am not absolutely sure that I can convince him now." Moritz sighed.

"As long as there are enough benefits, the devil will choose to cooperate." Valentine smiled.

Moritz nodded and didn't continue.

After the car turned the corner in front, a huge manor appeared in front of it.

Philoli Manor is located about 40 kilometers south of San Francisco, California, USA.

It was built by William Byrne II, the owner of the "Empire Gold Mine" in the last century.

After William Bourne II and his wife died, Fillory Manor was sold to the second owner, Mr. and Mrs. Ross.

In 1975, Mrs. Ross donated this beautiful garden and the house to the National Trust for Historic Preservation Fund, which was opened to the public.

The manor covers an area of ​​about 2.6 square kilometers, including a mansion of about 5,000 square meters and an English garden of about 65,000 square meters.

And a large area of ​​natural landscapes such as orchards, meadows, and woods.

There is a Georgian Revival mansion and several British Renaissance gardens in the garden.

There are more than 150 different varieties of roses, a 2.8-hectare orchard, and a 1.6-kilometer trail.

With beautiful scenery and quiet environment, it is known as one of the "most beautiful manors" in the United States.

Today, Fillory Manor refused visitors, but welcomed luxury cars that were rarely seen in the past.

As the host of today's cocktail party, Xu Liang was responsible for receiving all important guests in the hall.

"Reed, congratulations. Netflix's registered users have exceeded 20 million, which is amazing."

Reed Hastings smiled and said, "Netflix has developed for seven years to have 20 million users, and Facebook has surpassed Netflix's seven years of efforts in just 10 months.

It can be seen that we are still far behind."

Now Xu Liang is behind Facebook and Twitter, which is no longer a secret in Silicon Valley.

After all, such a large company, which is still developing so fast, has long been paid attention to by more and more people.

Although they have not yet gone public, the equity structure can be found as long as you check it.

Xu Liang's 49% stake is obvious and everyone can see it.

"Facebook is different from Netflix. You have taken into account profitability from the beginning. Facebook has not yet found its own revenue model." Xu Liang smiled.