Reborn Russia as an oligarch

Chapter 448 Turning to the East
In the end, it was because of his relationship with Khovchenko that prompted him to enter the Economic Committee.

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

It's really not clear.

It can only be said that these two things complement each other and are indispensable!
After figuring this out, Wang Ye no longer struggled. He said with a smile, "Since everyone thinks that I am qualified to join the board of directors of the group, I would rather be obedient than respectful! I hope that in the future work, everyone will give me advice and support."

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

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

After all, Wang Ye is also "one of his own people" and has taken on important responsibilities in the State Duma, so he can speak at critical moments.

Of course, although Khovchenko didn't mention it to Wang Ye, Wang Ye reckoned that in the Duma, he was definitely not the only one who was willing to speak up for Yukos, and there must be many other members of parliament.

After all, Hovchenko is rich and powerful, and he has long been preparing to enter the political arena, so he will also make arrangements in advance.

…………

After confirming Wang Ye's status as a director, it stands to reason that the next step is to arrange a job for him.

After all, they are directors, and they are different from the non-staff personnel in the past, who need to undertake corresponding tasks.

However, Wang Ye's situation is special. He really can't work full-time in the group. Of course, Hovchenko knows this.

So he also made special arrangements according to Wang Ye's actual situation.

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

The security work is easy to understand, because Wagner owned by Wang Ye has now grown into the largest security company in Russia!
Regardless of the number of security personnel and weaponry, they are not inferior to state-owned security companies, and even stronger!

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

It can't be said what kind of benefit is conveyed, after all, the group really needs security services, and Wagner is also the most powerful security company in Russia!

As for the second piece of business that Wang Ye is in charge of, that is, large-scale mergers and acquisitions, this is better understood.

Since the last "small test" and the acquisition of the Siberia Petroleum Company, Hovchenko has a new understanding of Wang Ye!
Not only is this guy quick-witted, he is also bold and careful, and he is also ruthless...

To engage in this kind of large-scale acquisition, it is much stronger than yourself!

In the future, if the Yukos Group has any major acquisitions, it is estimated that Hovchenko will directly hand it over to Wang Ye without hesitation!

Needless to say about investment, after all, Polar Bear Investment Company is controlled by Wang Ye. Although Wang Ye has no special talent in investment, Hovchenko believes that Wang Ye will not let him down...

…………

After discussing the business, it was getting late, and Hovchenko simply announced the adjournment of the meeting, and asked all the directors to go home and rest.

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

They came to the sofa and sat down, and Hovchenko's secretary brought steaming black tea to the two.

"Misha, after the group company acquired the Siberian Petroleum Company, the production has increased a lot. At present, the production has exceeded 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 blurry. This Do you have any good suggestions?"

Hovchenko's face was a bit ugly, with a cigarette in his mouth, he asked vaguely.

Yukos Group's oil production is indeed huge, almost accounting for [-]% of the country's total output!
To be honest, from the perspective of an outsider, Wang Ye felt that Hovchenko was too much.

You know, Russia is a country that relies entirely on selling resources to develop its economy. Eighty percent, or even nearly ninety percent, of the country's fiscal revenue depends on the export of various resources.

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

No wonder in the "previous life", Hovchenko will soon be unlucky, it is also because he is too greedy!
In this life, because of the appearance of Wang Ye, the situation has changed a little.

At least for now, there is no sign to prove that someone is going to touch Hovchenko, but Wang Ye believes that this day will not be too far away.

Speaking of the slump in oil prices, it is obvious that this is also closely related to the world economy.

In the second half of last year, there was such a major event in the US. In addition, the global economy has not been doing well in the past few years, so the price of oil has continued to fall. From about $2000 per barrel in 40, it has fallen to the current price per barrel. About 25 dollars...

The price is almost cut in half!

It's no wonder that Hovchenko is frowning. If it were him, he would definitely feel uncomfortable.

Of course, with the price falling 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 per barrel, and the gross profit per barrel is still $[-].

Based on the annual production of nearly 75 million barrels of the Yukos Group, the group's revenue is still as high as 30 billion US dollars, and the profit is as high as [-] billion US dollars...

But compared to previous years, it seems not enough.

If the international oil price can still be maintained at 40 US dollars, then the profit of Yukos Group will be astonishingly high, reaching 75 billion US dollars!

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

In recent years, it has been a buyer's market!
It's the year of excess production...

…………

Wang Ye thought for a while and asked seriously:
"I have read the group's report last year and found that 70.00% of our oil is sold to European countries, and only 20.00% is sold to Asia. But according to my judgment, in the next ten or 20 years Even for a longer period of time, 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 in a big eastern country..."

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

(End of this chapter)