Chapter 512 The Right to Say Crude Oil

What kind of organization is OPEC?

Simply put, OPEC is an oil alliance composed of 13 crude oil exporting countries.

The "OPEC" alliance was established as early as 1965, and major oil-producing countries in the Middle East such as Saudi Arabia, Ichiro, the United Arab Emirates, Qatar, and Kuwait have joined it.

The role of this oil alliance when it was originally established was to coordinate the crude oil policies of various oil-producing countries, agree on annual output and prices, and avoid being exploited and plundered by Western countries.

Therefore... neither North America nor China is actually a member of OPEC.

Over the years, OPEC members have controlled nearly two-thirds of the world's oil reserves and provided nearly 50% of the world's crude oil production every year, which has indeed profoundly affected international oil prices.

but.

With the Yanguo Phoenix Group officially announcing the realization of "controllable nuclear fusion" technology half a year ago, the original positioning of crude oil as an "industrial core" has completely changed.

Even though OPEC held a meeting immediately and announced that it would significantly reduce crude oil production, it still could not withstand the plunge in crude oil prices.

Hearing Minister Wang's opening remarks, everyone present felt their hearts drop. Everyone praised Minister Wang for his benevolence and righteousness, and Yan Guo's responsibility.

The conference room fell silent instantly, and everyone pricked up their ears.

Hashemud was the first to express his position. Although he was a little reluctant, the energy ministers of Qatar, the United Arab Emirates and other countries that had crude oil agreements with Yan State all expressed their opinions one after another.

"Well, we in Saudi Arabia are willing to reduce the prices of all crude oil agreements originally signed to $15/barrel. You should also know that this price is already our cost price."

"But... we also have a few small conditions."

"We currently lack several ports in the Middle East. If it is convenient, we hope that your country can provide a port for our warships to dock for supplies."

Naturally, all the countries present have already thought of such a request.

"Whoever is cheap will be favored by me!"

As long as Yan Guo agrees to try not to promote the "controllable nuclear fusion" technology to the world, or...as long as Yan Guo agrees to control the application scope of the "controllable nuclear fusion" technology and not replace crude oil on a large scale, then crude oil will be replaced in a short time

It will not be replaced, and oil prices will naturally rise steadily.

"So don't worry, everyone, although we have achieved 'controllable nuclear fusion' technology, our Yanguo official attitude has always been to develop together, and we will never kill the goose that takes the egg, forcing everyone to go to a dead end!"

All member states have seen clearly - since Yan Guo has mastered the "controllable nuclear fusion" technology and has curbed the fate of crude oil, the best way now is to invite Yan Guo in and recognize him as a big brother.

Although Yanguo has mastered "controllable nuclear fusion technology" and its demand for crude oil has theoretically been greatly reduced, other countries have not!

For other countries, as long as Yan State does not export "controllable nuclear fusion" technology, crude oil will still be the lifeblood of its industry!

Why not just agree to build a good relationship with "OPEC", and at the same time be a king in "OPEC" and enjoy extremely high influence? Isn't this comfortable?

You know, controlling "OPEC" almost means controlling the fluctuation of international oil prices.

The person who spoke was the current chairman of OPEC and the Minister of Energy of a major powerhouse, Hashe Mudd, while the person present on Yanguo's side was Minister Wang Duoyu of the Ministry of Energy.

"For stabilizing global crude oil prices and promoting the sustainable development of the crude oil industry, our country, as a global power, is naturally willing to assume our responsibilities."

"We have already discussed with all member states, and everyone has agreed to reduce oil production by 50% this year. All that is left is your statement."

so.

"But don't be polite to me. Everyone has to make money when doing business. At 30 US dollars a barrel, no one can give me an advantage!"

"Minister Wang, don't worry. Since your Yan country has joined the 'OPEC' organization, the price for purchasing crude oil should naturally be the price agreed upon by the internal ministers."

15 US dollars a barrel... It's still a long-term deal. This was just a dream in the past. This is because oil is cheaper than water!

"It is said that the countries in the Middle East are hospitable and extremely righteous. I, Wang Duoyu, have seen it today."

"However, the price of our imported crude oil seems a bit high now, with some contracts even reaching a unit price of US$70/barrel, which is obviously unreasonable."

Everyone's expressions fell into Minister Wang's eyes. He nodded with great satisfaction, then coughed slightly after his voice became quieter.

Under the dimensionality reduction attack of Phoenix Group's "controllable nuclear fusion" technology, all oil-producing countries in the world have panicked, especially the princely countries in the Middle East that mainly rely on crude oil exports. This news is simply bad news for them.

And most importantly, there is an old saying from our ancestors: Destroying a person's wealth is like killing his parents. Once these oil-producing countries are really pushed to a desperate situation, it will not be of any benefit to Yan Country.

In a huge conference room of several hundred square meters, Minister Wang sat on top of the giant conference table, gently played with the earphones of the interpreter, and said:

"Chairman Hashmudd, ministers and gentlemen of the member states, you have proposed that the country will not reduce the amount of crude oil imports this year and not promote the 'controlled nuclear fusion' technology to the outside world. After we discuss it, we can agree!"

Two hours later, the entire "OPEC" meeting was successfully completed.

"What do you think?"

When the time comes, a crude oil embargo will be imposed on anyone who disobeys, which would be a shame.

"First of all, our country is the world's largest crude oil importer. Last year, our crude oil import production reached 300 million tons."

"Minister Wang, these are some of our ideas."

After nearly half a year of sluggish oil production, Yanguo joined the "OPEC" organization at the enthusiastic invitation of many oil-producing countries and became the first special member country in history.

No one expected that Yan Guo would take the initiative to raise the price to 30 US dollars per barrel, and they were stunned and immediately became ecstatic.

"Yeah!"

"Dear Minister Wang, we in Qatar can also lower the price."

Yanguo's official thinking is also very clear.

Minister Wang's face did not waver at all, but his heart was filled with sadness.

"It is said that your country is a country of etiquette, and it conquers the world by virtue of its benevolence. Now I deeply understand the 'benevolence' of your country. Your mind is really admirable to us!"

"Our idea is that we hope that you can agree not to reduce the amount of crude oil imports this year, and also promise not to promote 'controlled nuclear fusion' technology to the outside world at least this year."

"In addition, our 'Land Silk Road' also runs through Europe. Our next step is to connect all your countries with railways. In the future, our commodities will be exchanged, and crude oil can also be transported to our country through railways."

After hitting it off, on February 26, Yanguo, as a special member of "OPEC", participated in OPEC's internal meeting for the first time. The content of the meeting was to boost oil prices.

"Minister Wang, if nothing else, if anything happens to your country in the future, just say it and we will definitely support it."

…

Everyone knows that "controllable nuclear fusion" will revolutionize the life of crude oil!

Only then did Prince Charbi, a big dog owner, understand how important Hu Lai's phone call was to remind him of love and justice. At the same time, because he chose to believe in Hu Lai, he made up for the huge losses caused by the crude oil crash by shorting crude oil.

Without hesitation, as Yanguo's core partner, Energy Minister Hash Mudd, a big dog owner, was the first to agree.

"We in the UAE have no problem, and we can implement it later."

The OPEC proposal was communicated to Minister Wang in advance, so Minister Wang agreed without hesitation.

Crude oil is the core resource of modern industry. Although its energy role can be almost replaced through "nuclear fusion technology", resource replacement cannot be completely replaced in a day or two.

"Minister Wang...Hey, you are so kind. I have never seen such kind people!"

"But speaking of it, there is indeed a little thing that needs your support."

But other oil-producing countries are not so lucky.

The news reached Yanguo, and after some thought, Yanguo reluctantly agreed to join the "OPEC" organization and agreed to control the promotion of "controllable nuclear fusion".

Minister Wang smiled, took a sip of mineral water, and said slowly:

"Every little thing, all the ministers are so enthusiastic. There are still many places where we can cooperate in the future."

"So our idea is that we hope to reduce the price of the crude oil we purchase."

As reporters released the content of the latest OPEC meeting, global oil prices rose.

Three months later, railway construction in Saudi Arabia, Qatar, the United Arab Emirates and other countries started, and a railway line radiated from the country to the entire Middle East.

As soon as the news report came out, everyone knew that the Yan Kingdom's sphere of influence had expanded to the Middle East.

The "crude oil dollar system" was completely shattered, and the "actual say in crude oil" fell into the hands of Yan Guo.
Chapter completed!