Becoming a Russian Oligarch After Rebirth
Chapter 447: Turning to the East_1

Chapter 447: Chapter 447: Turning to the East_1

Whether it was because of my relationship with Khodorkovsky, which led me to join the Economic Committee.

Or because I joined the Economic Committee, which accelerated my entry into the Yukos Group board of directors...

This really can’t be clear.

It’s safe to say that these two events are complementary and indispensable!

Having understood this, Wang Ye no longer worries, he said with a smile, "Since everyone thinks I’m qualified to join the board of directors of the group, then I’d better obey! I hope that in the future work, everyone will give more guidance and support."

Khodorkovsky nodded satisfactorily and said, "Good, Misha, you are the youngest on the board of directors, and you’ll have to put more effort into the group’s affairs in the future. I bet the Economic Committee will definitely discuss policy issues in the energy industry, so don’t forget that you are also a member of the Yukos Group board of directors."

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

After all, Wang Ye is one of us, and he is also taking on a heavy responsibility in the national Duma; he can speak up at critical moments.

Of course, although Khodorkovsky has never mentioned it to Wang Ye, Wang Ye estimates that there are definitely more members in the Duma who are willing to speak for Yukos, not just him.

After all, Khodorkovsky is wealthy, and he has also planned to enter the political arena early and has made some arrangements in advance.

......

Now that Wang Ye’s directorship has been confirmed, the next step should be to assign him work.

After all, being a director is different from being an external personnel in the past, and he needs to undertake corresponding work.

However, Wang Ye’s situation is special; he can’t be a full-time worker in the group, which Khodorkovsky obviously understands.

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

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

The security work is easy to understand, because Wagner, which Wang Ye owns, has now grown into the largest security company in Russia!

In terms of the number of security staff and weapons, it is no less than the national security companies, even more powerful!

There are many oil fields in the Yukos Group that are in the wilderness, so security work is naturally necessary. In fact, last year, the group’s security tasks have already been signed to Wagner Company, and the price given is not low.

It can’t be said to be a transmission of benefits. After all, the group does need security services, and Wagner Company is also the strongest security company in Russia!

As for the second part of the operation that Wang Ye is responsible for, that is large-scale merger and acquisition investment, this is even easier to understand.

Since the "trial", the acquisition of the Siberian Oil Company was completed, Khodorkovsky had a new understanding of Wang Ye!

This guy is not only flexible, courageous, meticulous, cruel, and ruthless...

He is much stronger than himself in carrying out such large-scale acquisitions!

In the future, if the Yukos Group has any large-scale acquisitions, Khodorkovsky will likely hand it directly to Wang Ye without hesitation!

As for investment, needless to say, after all, Polar Bear Investment Company is under Wang Ye’s control. Although Khodorkovsky has not yet seen any special talent in Wang Ye in investment, Khodorkovsky believes that Wang Ye will not let him down ...

......

After discussing the official business, it’s late, so Khodorkovsky bluntly announced the end of the meeting and let the directors go home and rest.

As for Wang Ye, he followed Khodorkovsky back to the president’s office. The two hadn’t seen each other for a while, so they chatted for a while longer.

Both of them sat down next to the sofa, and Khodorkovsky’s secretary brought hot black tea to the two of them.

"Misha, after the Group Company acquired the Siberian Oil Company, the output has greatly increased. At present, the output has exceeded sales. Moreover, since the second half of last year, international oil prices have begun to slump, so the company’s prospects this year are somewhat unclear. Do you have any good suggestions on this?"

Khodorkovsky looked a little unhappy, he had a cigarette in his mouth, and asked vaguely.

The oil production of the Yukos Group is indeed very large, almost accounting for 80% of the total national output!

Honestly, from the perspective of an outsider, Wang Ye feels that Khodorkovsky is going too far.

After all, the country of Russia relies on selling resources to develop its economy; eighty percent, or even nearly ninety percent, of the nation’s financial revenue relies on exporting various resources.

This is a huge cake, and Khodorkovsky has cut a large piece himself...

No wonder Khodorkovsky is in trouble in the "previous life", that is also because he was too greedy!

This life, because of Wang Ye’s appearance, the situation has changed a little.

At least there is no sign that someone wants to make a move on Khodorkovsky now, but Wang Ye believes that this day will not be too far off.

Speaking of the slump in oil prices, it is obviously closely related to the world’s economy.

In the second half of last year, the United States experienced a major issue, and the global economy hasn’t been great in the past few years, so oil prices continue to fall. From 40 US dollars per barrel of oil in 2000, it has fallen to about 25 US dollars per barrel now ...

The price has been almost halved!

No wonder Khodorkovsky is worried. If it were him, he would certainly not feel comfortable.

Of course, even if the price falls to this level, the company is still profitable because Wang Ye has seen the company’s financial statements.

The actual mining cost is only about 15 USD per barrel, so there is still a profit of ten USD per barrel.

According to the nearly three hundred million barrels of production by the Yukos Group each year, the group’s revenue is still as high as seven and a half billion US dollars, with a profit as high as three billion US dollars ...

But compared to the previous years, it seems less impressive.

If international oil prices can remain at 40 USD, then the profit of the Yukos Group would be astonishing, reaching seven and a half billion USD!

Unfortunately, although Khodorkovsky is a giant in the oil industry, he still can’t control international oil prices.

These years, it has been a buyer’s market!

It’s years of oversupply ...

......

Wang Ye thought for a while, and then asked seriously:

"I have seen the group’s report last year and found that seventy percent of our oil is sold to various countries in Europe, and only twenty percent is sold to Asia. But according to my judgment, in the next ten years, twenty years, or even longer, the demand for oil in Asia will increase dramatically! So I suggest that the group should seriously consider how to open up the market in Asia, especially a certain major Eastern country ..."

He’s not talking nonsense, he’s stating facts. Of course, only Wang Ye knows about these things for the time being, and others may not see them clearly.