Selling oil across Libya

Chapter 96 Born at the Wrong Time



Chapter 96 Born at the Wrong Time

Chapter 96 Born at the Wrong Time

Since the Camara coup, rumors have been circulating in Guinea that the government intends to nationalize all of the country's mineral resources.

The news caused widespread panic among foreign companies in Guinea, and almost overnight, all foreign executives withdrew from the country and have not returned.

Following this news, Rio Tinto announced that it is reconsidering the sale of its stake in the Simandou South iron ore mine.

Rio Tinto probably thought that as long as it released this news, countless wealthy and foolish companies would rush in, just like before, driving up Rio Tinto's shares to a high price and snapping them up.

To Rio Tinto's surprise, not only did no companies inquire about the price this time, but Chinalco also announced that it was considering selling its stake in the Simandou South iron ore mine.

With the sale of shares failing and compounded by riots among aluminum miners in Guinea, Rio Tinto's stock plummeted by nearly 5%, resulting in heavy losses.

Left with no other option, Rio Tinto proactively contacted Cyrenaica Investment Company, hoping to sell its stake in the Simandounan iron ore mine to Cyrenaica Investment Company for US$15 billion.

Christopher said that while Cyrenaica Investment Company was interested in Rio Tinto's stake, the price was unacceptable given the current situation in Guinea.

Rio Tinto contacted Christopher a second time and proactively lowered the price to $14 billion.

Christopher asked for 10 billion.

After several rounds of negotiations, Rio Tinto's shares were transferred to Cyrenaica Investment Company for $12 billion.

The day after Rio Tinto transferred its stake in the South Zone to Cyrenaica, Cyrenaica Investments, together with ExxonMobil and several other Eastern companies, won the bid for the Simandou North Zone No. 1 and No. 2 iron ore mines for US$11.5 billion.

It was only then that people were surprised to discover that the previously little-known Cyrenaica Investment Company had become the largest shareholder of the Simandou iron ore mine with a 40% stake.

Chinalco has become the second-largest shareholder of the Simandou iron ore mine with a 22.5% stake.

ExxonMobil and the Guinean government are tied for third-largest shareholders, each holding 15% of the shares.

On September 15, Christopher, representing Cyrenaica Investment Company, attended a shareholders' meeting in Conakry, the capital of Guinea, to discuss the development plan for the Simandou iron ore mine.

Payne, representing Standard Oil, proposed at the meeting to build a railway in Liberia leading to the Simandou iron ore mine to accelerate its development.

The proposal was strongly opposed by Guinea's Minister of Commerce, Mohamed Bari, and the two had a heated argument at the meeting.

"If the railway were located in Guinea, the cost would be twice as high as if it were located in Liberia."

If the Guinean government is willing to cover this cost, then there will be no problem.

Payne was unusually adamant about his stance, considering the cost implications.

"We would rather not develop the iron ore mines than have the railway route taken through Liberia. The Guinean government will absolutely not accept this proposal!"

Barry's attitude was equally firm.

Barry not only demanded that the railway be located in Guinea, but also that the railway project be undertaken by a Guinean construction company, and that all raw materials be sourced from Guinea.

Christopher was curious.

As one of the world's least developed economies, Guinea can provide almost no raw materials other than railway sleepers.

"That's right, they really can't produce it;"

So they set up a company to purchase raw materials from abroad, then double the price and sell them to the Guinean government.

Ding Jian was well aware of the tricks these disgusting people used.

What's even more disgusting is that if the procurement were based on the standard of good quality and low price, it would be fine, at least it could save the Guinean government some money.

In order to sell at higher prices, these shell companies typically source raw materials from Europe, where prices are the most expensive.

This is not over yet.

Many gray-area fees are generated during the process of generating these orders.

European companies, driven by profit, sold inferior goods to Guinean companies.

In this way, all the losses will be borne by the Guinean government and the Guinean people.

According to the Guinean government's plan, the cost of building this railway within Guinea alone would be as high as US$150 billion.

The supporting port will require approximately 50 billion.

If the railway were located in Liberia, approximately one-third of the cost could be saved.

The supporting port only requires about 20 billion yuan.

"Why is your cost estimate so much higher than ours?"

Christopher asked questions when he didn't understand.

"I don't need to explain to you."

Barry sneered, his eyes filled with a hint of greed as he looked at Christopher.

"Cyrenaline Investments is the largest shareholder of the Simandou iron ore mine; you must give me a reasonable explanation!"

Christopher is responsible for the company's interests.

"There's no absolute necessity. This is Guinea. If you want to transport iron ore out of Guinea, you must leave all the profits from the iron ore in Guinea!"

Barry probably believed that the initiative was in the hands of the Guinean government, and his attitude was unusually arrogant.

Christopher glanced at Payne, smiled, and said nothing.

Payne grinned maliciously, raised his hand, spread his thumb and forefinger to make a gun shape, pointed it at Barry, and then got up and left.

Barry was pale and stood frozen in place, as if under a spell.

Three days later, the Minister of Commerce of Guinea was shot dead in the streets of the Guinean capital.

Harujie, Qin Rui, who had just redeemed 50 max-level researchers from the system, looked at the [Evolution Value -1] that floated by and felt a pang of heartache.

Who is so shameless as to steal one day of my life?

Before the thought was even finished, the [Evolution Value] balance suddenly surged by 1000.

These past few days, the [Evolution Value] that had been slowly depleting has finally started to rise again. The Omar missile that attacked the mercenary camp alone brought Qin Rui more than 3000 [Evolution Value] points.

These war hyenas deserve to die!

Because of the missile's effect, Qin Rui couldn't help but fantasize about how many [evolution points] he would gain if he dropped an Omar missile on Epstein's island.

Let's wait and see.

If all else fails, Libya's unique unit from "Red Alert" can also make a comeback.

Benefiting from the recovery and rise of [Evolution Value], the number of researchers at the Central Research Institute has finally exceeded 500.

The Omar missile has also achieved a major breakthrough.

Researchers at the Central Research Institute successfully developed the "Omar-II" missile based on the Omar missile, increasing its range to 1500 kilometers.

This means that the entire Mediterranean will be within range of Omar's missiles.

Musa was overjoyed and proposed to test the power of the "Omar-II" missile in the "Tribal Wars".

Qin Rui wasn't in a hurry; now was not the time.

1500 kilometers is not enough to reach Paris, let alone cover Britain.

Qin Rui will wait until the missile capable of covering the UK is successfully developed before finding an opportunity to test its power.

On the 19th, UN Special Envoy Preston arrived in Tripoli to mediate, hoping that Libya and Chad could end the war through negotiations.

Haysham told Preston that Libya had no intention of starting a war, let alone escalating it. He said that if Chad handed over the murderer and compensated for the damages caused to Libya, negotiations could begin at any time.

Preston was pleased and immediately flew to N'Djamena to convey Libya's stance to Chad.

Chad denied any involvement in the attacks on Libyan tribes and suggested forming a UN-led investigation team to investigate the attacks.

At the same time, the Chad government demanded that Libya compensate Chad for the losses caused by the war.

When the news reached Tripoli, Musa dispatched Falcon helicopters, which used precision-guided bombs to destroy two Leclerc tanks that France had provided to Chad in N'Djamena.

Qin Rui received information that France was considering providing Chad with a second batch of military aid to support Chad's continued fighting in Libya.

When Libyan forces used precision-guided bombs to attack Chad forces, two French military advisors and an unspecified number of French soldiers were killed.

The strength displayed by Libya has made the French uneasy.

France is now in a difficult position; continuing to aid the Chad army offers no hope of victory.

However, if they give up now, it will deal a devastating blow to France's influence in North Africa.

Hollande should be thankful that he did not act impulsively and agree to Chad's request to send troops to assist Chad's army in combat.

As for the military advisors and French soldiers who were killed in the bombing, they came to Chad in their personal capacities to help the Chadian army resist the blatant invasion of Libya.

Qin Rui didn't know what to say.

The Libyan army has not launched a ground offensive yet, so how can the claim of "invasion" be made?

As for airspace.

Sorry, but in North Africa, there is basically no such thing as airspace. Except for one emerging country, air defense in most countries is practically non-existent.

Even if we take a step back and say that the war was not initiated by Libya, the losses suffered by the Chad military were entirely their own fault.

The Chadian army has suffered heavy losses and is no longer able to launch an attack.

Musa proposed sending troops from the opposite side into Chad to achieve actual control of the Tibesti Mountains.

Negotiations can be taken slowly; let's get the benefits we're entitled to first.

Musa's target is the uranium mines in the Tibesti Mountains.

"Omar missiles alone are not enough to protect Libya's security;

From a long-term perspective, only by possessing weapons of mass destruction can hostile countries be deterred from taking action.

Musa is ambitious and believes that only nuclear weapons can truly change the regional situation.

"Could we follow Saudi Arabia's example and purchase nuclear weapons and missiles from East Asia?"

Haishan's ideas were whimsical.

"Saudi Arabia's situation is quite unique, and it's no longer possible."

Qin Rui was very sorry that the colonel was born at the wrong time.

When the colonel came to power, the Treaty on the Non-Proliferation of Nuclear Weapons had already been signed; otherwise, the colonel would have done the same as the Saudis, sparing no expense to obtain nuclear weapons.

The signing of the Treaty on the Non-Proliferation of Nuclear Weapons was itself a result of the United States' concern that more countries would become nuclear powers after its successful first nuclear test in East Asia. Therefore, the United States actively promoted negotiations with the Soviet Union to jointly control the proliferation of nuclear weapons.

利比亚已于1968年7月签署了《不扩散核武器条约》,并于2004年3月10日签署《不扩散核武器条约》的附加议定书,允许国际原子能机构对利比亚的核设施进行突击式核查。

If Libya attempts to acquire nuclear weapons, it will certainly face severe sanctions from the United Nations.


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