The international tender organized by the Ministry of Oil and Gas Industry of the USSR was so demanding that very few foreign companies were able to qualify.
And few foreign companies that have met the length of trade with the Soviet Union can afford $7 billion as a bidding deposit.
Out of national security considerations, Western oil companies with monopolies such as BP and Mobil were excluded so that the Soviet Union's large oil fields would not fall into the hands of these unfriendly Western forces.
After Seryosha took control of Occidental Petroleum through a series of capital operations, Hammer was no longer able to control the company's decision-making power, because the board of directors of Occidental Petroleum was completely controlled by Seryosha's relatives and friends.
Although the total assets of Occidental Petroleum are less than $20 billion, the elder Hammer has managed the company very well.
Occidental Petroleum has been deeply involved in the oil industry for many years, and has a complete oil industry chain, from oil and gas exploration, to oil smelting, and finally to petrochemical and fuel retail business.
The benefits of having a mature oil company for Glencore are obvious, Glencore's oil trade is spot oil trading, they have never been involved in the oil exploration and production industry, if there is a mature oil exploration and production team of Western Petroleum Company, I believe that the water content problem of the Samoterol field will be well solved.
The bidding for the Samotrol oil field will be set up at the International Olympic Hotel in Moscow, and most of the oil companies that come to participate in the bidding are from Europe, most of which are Italian oil companies, and many large Western oil companies are excluded from participating in the bidding.
Although none of the oil companies that came to participate were among the world's first-class, it was not uncommon for several small oil companies to join forces to bid for the Samotrolol field, after all, $7 billion is not a small amount, and many companies cannot afford it.
However, this did not affect the bidding exercise, and although the vice president of Occidental Petroleum did not announce to the outside world that he would abandon the bid, he had been instructed by the board of directors to bid in this bidding exercise was strictly limited to $11 billion.
That is, the vice president of Occidental Petroleum has only a billion bidding rights.
In order to prevent other small companies from disrupting the situation, Glencore directly raised the price to 12 billion US dollars, and I believe that this price should be a limit.
When the tender is handed over to the bidding committee, all you can do is wait.
When the representatives of all the participating companies left the International Olympic Hotel, the lobby of the hotel was crowded with reporters from all over the world, this is a rare super oil field, the Soviet government is willing to take out to attract foreign funds, this is definitely a major landmark event in the field of global trade, but the reporters regret that the bidding conditions are too harsh, many world-class oil companies can not participate.
Of the companies present, only Occidental Petroleum and Glencore seemed to have the best chance of winning.
Due to the large amount of content contained in the tender, it will take about a week to wait for the final result.
This long wait made Seryosha feel very difficult, and he was very afraid The Samotallol oil field fell into the hands of someone else.
In addition, Seryosha has not yet thought about what to do with Occidental Petroleum next.
Removing Old Hammer from the Board of Directors of Occidental Petroleum Old Hammer is a banner of Occidental Petroleum and the most competitive intangible asset of this company, and if it does, then what about the oil fields in Peru, Colombia, and Venezuela in the hands of Occidental Petroleum Corporation, most of which have communist guerrillas, and if it were not for the relationship between Hammer and Castro, the guerrillas would not have given foreign capitalists any face.
So come to think of it, the benefits of keeping Hammer's position far greater for this company than from removing Hammer.
So just after Mikhail publicly disagreed with Hammer at the board meeting, Mikhail has been trying to repair relations with Hammer at subsequent meetings.
Hammer has been in business for so many years, he has never seen any big winds and waves, the essence of businessmen is to chase profits, as long as there is money to earn, Hammer will not only care about some personal grievances.
Mikhail first expressed his sincere admiration for Hammer, and he also expressed his willingness to support Hammer's proposal for Occidental Petroleum Corporation's investments other than the Samotallol oil field, which largely discouraged Hammer.
Mikhail's vision and vision have now been cultivated, and in his view, the acquisition of the company's equity is only the first step in the acquisition, and how to make the company develop better in the Columbia bank family is a big problem, although the wealth of a figure like Hammer is 108,000 miles away from Mikhail.
But Hamer's influence in the East and the West is not necessarily matched even by the president of the United States.
In front of such a character, it is completely impossible to rely on money and power to make Hammer bow his head.
If Seryosha does go to war with Hammer, it will only be the entire shareholders of Occidental Petroleum that will suffer.
Therefore, both Mikhail and Hammer actually understand the truth of harmony.
A week had been quite long, but Seryosha had already known all the offers made by the companies that had just made the event on the second day of the bidding, and Glencore's offer was not surprising, and it was indeed the highest among all the companies.
This reassured Seryosha, and he found an opportunity to leak the news to Green, vice president of the Glencore Group who participated in the bidding in Moscow, and Green was not surprised by this result, after all, it was the first time that the Soviet Union had conducted such a large-scale bidding event in the world, and many companies were both very interested and a little nervous.
The Soviet government's international goodwill was not very good, and if the funds for the tender were withheld because of political issues, the companies would have to go bankrupt.
During his time in Moscow, Green was always trying to find a way to contact the top brass of the Soviet Ministry of Oil and Gas Industry, and his efforts still achieved certain results, and Chernomyrdin had a good impression of Green.
A week later, Green finally received the winning contract from Chernomyrdin, and then a grand signing ceremony was held at the Olympic International Hotel in Moscow, and the Samotrolol oil field finally fell into the hands of Glencore. t1706231537: