The officials present all knew Feng Xiaochen and knew that the general manager of the equipment company had a high status in the minds of the leaders of the National Development and Reform Commission. They were a killer weapon in the hands of the National Development and Reform Commission and could often be used to solve some difficult problems. This time, Han Hong's grand launch of Feng Xiaochen was obviously planning to set up a big plan, and everyone couldn't help but feel some expectations.

"Minister Qiu just said that the large refineries we built use construction funds provided by the Middle East Petroleum countries. After these refineries were put into production, the production conditions were good. So far, the profits and taxes paid so far are equivalent to 70% of the investment. In addition, these refineries also provide a large amount of cheap domestic refined oil to various departments of the national economy, saving a lot of foreign exchange for the country and reducing production costs for enterprises. These should also be calculated in the benefits of the refinery. Combined with various returns, it can be said that the investments of the NDRC used to build these refineries have been recovered. Even if this is a set set for us by others, we have already drilled out of the set, and there is no problem of being unable to untie the set." Feng Xiaochen first reported to everyone.

"What do you mean is that these factories can close now?" Qiu Jianxing choked in anger.

Feng Xiaochen smiled and said, "The worst case is that the door is closed. This investment can at least be considered as not losing or making money."

"Hmph!" Qiu Jianxing could only use a nasal voice to express his dissatisfaction. Feng Xiaochen's words were simply a bit tricky, but he really couldn't refute it. I borrowed money from abroad and built a factory. Now I have made all the money back. The country has no losses and has left three factories in vain. What can you say?

Feng Xiaochen's purpose was to disgust Qiu Jianxing. Seeing that the old man was silent, he turned his head to the officials and said, "What he said just now was actually just a joke. These factories have advanced technology and abundant production capacity. How could they close their doors? The current import price of Middle East crude oil is US$45 per barrel, and our refining still has benefits. Even if the oil price rises to US$60 by the second half of the year, as long as all departments of the national economy need refined oil, we will not be able to close the refinery."

"If international crude oil prices cannot be suppressed, then international refined oil prices will definitely rise. We refine ourselves is still cheaper than imported refined oil, and we can even make profits by exporting refined oil. Therefore, there is no problem in the construction of these three refineries." Wang Zhenbin made an annotation for Feng Xiaochen, and also added a shovel of soil to Qiu Jianxing's grave.

Feng Xiaochen nodded to Wang Zhenbin in agreement with his words, and then said: "In fact, when we introduced Middle East funds to build these three refineries a few years ago, we had already considered the risk of international crude oil price increase. At that time, the leaders of the National Development and Reform Commission were far-sighted and spent tens of billions to support the development of oil replacement technology in order to cope with today's situation. Now, I can tell you that our country's coal oil production technology is relatively mature and has the ability to replace oil to a certain extent. This is our trump card for bargaining with the Middle East oil dominance."

"What? Coal oil!"

Most of the officials present had their eyes wide open, and only a few officials who had learned about some of the situation in advance were relatively calm. The official from the Ministry of Finance asked in surprise:

"Mr. Feng, our Ministry of Finance has also provided support for the coal-to-oil project. However, I heard that the cost of coal-to-oil has always remained high, so there is a lack of economic feasibility. Why? Have you controlled the cost now?"

Feng Xiaochen said: "We have indeed reduced the cost by more than half, but compared to crude oil prices, it is still relatively high, and there are still problems with the economics of coal-to-oil. However, if the oil price continues to rise to US$60, the cost of coal-to-oil will be relatively cheap. By then, using coal-to-oil will be more economical than imported crude oil."

"In other words, your equipment company is the one who most hopes for oil prices to rise." Xu Zhenbo, director of the Ministry of Commerce, said half-jokingly and half-seriously.

"Director Xu thinks we are too selfish." Feng Xiaochen said in a pretended displeasure. In fact, he and Xu Zhenbo are old friends, and know that the other party said this was just a joke. He explained: "We are just making preparations in advance. If the oil price does not rise, it would be fine. If the oil price continues to rise, we can start the coal oil production project to replace imported oil. With such a trump card, when the Middle East countries want to raise prices, they need to consider it."

"So that's the case." An official from the State-owned Assets Supervision and Administration Commission smiled, "I just said, how could such a wise person as Director Han of the Development and Reform Commission fall into the condom set by others? It turns out that Director Han has already made a plan, but instead has trapped others."

As soon as this statement was spoken, everyone couldn't help but look at Qiu Jianxing's face. This was a slap from Hong Guoguo. Qiu Jianxing opened his mouth and wanted to say something tough to fight back, but he couldn't find a suitable statement. The most important thing was that he found that none of the people in the audience was standing on his side. No matter how many reasons he had, it would be useless if no one supported him. After understanding this, Qiu Jianxing didn't want to stay any longer. He stood up angrily, did not say hello to everyone, pushed the chair behind him, and walked out of the conference room.

Wang Zhenbin was responsible for presiding the meeting. Seeing this, he hurriedly chased after him and asked in a low voice: "Minister Qiu, why, do you have anything else?"

"That's right, I'll leave first!" Qiu Jianxing said a word and walked towards the door with great strides. Wang Zhenbin took the lead to help him open the door, and then everyone looked at the old man with gloating eyes and left in shame.

"Oh, Minister Qiu..." Someone muttered in a low voice, but he didn't say anything afterwards.

China's economy is developing too fast. Officials like Qiu Jianxing who cannot keep up with economic development are not uncommon in ministries and commissions. Some officials may have a good understanding of the areas they are in charge, but they are relatively unfamiliar with other areas. Some even remain more than ten years ago or even decades ago.

In fact, it is not just officials. Many social elites are still very open-minded when they are young and can accept new things. When they have a certain status and are busy with social engagements all day long, their opportunities and ability to receive new information will decline. They often look at today's world with some of their young ideas, but they do not know that today's world is completely different from the past.

This is the reason why many old jokes in the circle of friends in later generations can be spread by the directors and directors. Compared with young people born in the 1990s and 2000s, those born in the 1980s are already considered old men and old ladies...

Han Hong stopped everyone's low-key discussion about Qiu Jianxing's departure, brought the topic back to the topic, and said: "regardless of whether international oil prices will rise or not, we have decided to start the coal-to-oil project. In the early stage, the cost of coal-to-oil will definitely be greater than that of oil, but as the construction scale expands, the technology will become more mature and the equipment cost can be greatly reduced. At that time, the cost of coal-to-oil may drop to almost the same as oil prices, or even lower than oil prices. Our current consideration is to use coal-to-oil technology as a bargaining factor to force OPEC to sign an agreement to limit oil prices with China. If OPEC refuses our request..."

"That's very simple. We will make coal-to-oil technology a bargain price, which will completely bankrupt OPEC." Feng Xiaochen said lightly.

"Let OPEC go bankrupt, you Mr. Feng dare to say this." Xu Zhenbo said as an official who has been engaged in foreign trade for a long time. As a long time, he knows how awesome OPEC is. In today's world, holding oil in his hand can do whatever he wants. But Feng Xiaochen in front of him actually made a crazy statement about bankruptcy. Is this too confident, or is it a strong trump card?

Feng Xiaochen did not care about Xu Zhenbo's evaluation. He said: "Director Xu, I hope the Ministry of Commerce can ask OPEC personnel as soon as possible, saying that we need to determine the guarantee of crude oil supply with them in the future, including both the quantity of crude oil supply and the price."

"Is this talk mainly about Mr. Feng and you guys?" Xu Zhenbo asked.

"Yes, this talk is mainly about us, and the Ministry of Commerce provides us with some cooperation. Our ideas need to be informed of the other party, which can be regarded as a courtesy first and then a soldier." Feng Xiaochen said.

Xu Zhenbo nodded: "Okay, I'll arrange this. However, I have to report to Director Han in advance. Since it is a negotiation between the equipment company and OPEC, we are only responsible for arranging the time and location of the negotiation. As for the outcome of the negotiation, we cannot guarantee it."

Han Hong understood what Xu Zhenbo meant and said, "Let me leave this matter to Xiao Feng and the others to discuss. Director Xu will help check the foreign affairs policy. If Xiao Feng and the others cannot reach the agreement, then the Ministry of Commerce will discuss it. At that time, the conditions for the negotiation will be determined by you."

Xu Zhenbo said with a bitter face: "If Mr. Feng and the others have not reached the agreement, we may be passive if we go back to the negotiation. However, I still believe in Mr. Feng's negotiation ability. I think everyone has the same view, right?"

As he said, he glanced at the officials in the audience, and everyone nodded and agreed. Feng Xiaochen had long been notorious. Everyone knew that he was best at dealing with foreign businessmen, and he was able to repeatedly highlight surprises, forcing foreign businessmen to surrender.
Chapter completed!