Chapter 42 The handshake between the American oil tycoon and the "Little Eastern Man"——Deng Xiaoping and Hammer (3)

Deng Xiaoping said with a smile: Congratulations on our successful cooperation.You can rest assured that the risk of cooperation with China is minimal, and China has great potential.Hamer gave Deng Xiaoping the painting "My Hometown" by a young Chinese painter as a gift. Since Hammer reached an agreement with China on the Pingshuo coal mine project, with the strong support and help of Deng Xiaoping, his love and yearning for the Chinese market have grown day by day.Therefore, Hamer and Deng Xiaoping meet almost every year, whether it is a ceremonial occasion or a private meeting, they can have sincere, extensive and unrestrained discussions.Then he quickly signed agreements with the Chinese side on various aspects such as oil exploration, coal mining, hybrid rice seeds and chemical fertilizers.

Hammer's Occidental Petroleum Company is one of the largest oil companies in the world, with subsidiaries in more than 50 countries and regions in the world.With the further stabilization and strengthening of China's reform and opening up, Hammer's business in China has also further developed and grown. Hammer's Occidental Petroleum Company, after becoming the first American company to obtain the right to develop offshore oil in the South China Sea in August 1983, reached a joint development agreement with China in Shanxi in April 1984 worth 580 million yuan. Dollar's mine agreement.After signing the agreement, Deng Xiaoping met with Hamer again.

During the meeting, Deng Xiaoping said to Hamer: "You have come several times for this matter, you have worked hard." "Thank you Chairman Deng, thanks to your care and support, an agreement has finally been reached, and the four-year wish has finally come true." "Has the transportation problem been solved?" Deng Xiaoping asked again with concern. "Solved, at the beginning we were worried about the transportation problem. You know this problem is very important. Today, I have invited Mr. Scott, the chairman of Peter Keywell Engineering Company, they have a lot of experience in managing open pit mines." Hamer replied sincerely.

Deng Xiaoping said: "We want to learn something from you in this project." Hammer said: "The current project is the first phase, with an annual output of 15 million tons of standard coal, and there will be a second and third phase in the future." "The second and third phases of the project will not take so long. The problem is the international market." Deng Xiaoping said. "Petroleum resources are gradually decreasing, and coal will still be the backbone of energy. China is rich in coal resources and has an important strategic position. Now that Southeast Asia's economy is developing, China is the closest to this region and occupies a favorable competitive position." Hammer said.

Deng Xiaoping said: "China is rich in coal resources, and the two Huaihe Rivers have large coal reserves. It just requires more investment." "I think the investment will come, and it will come," Hamer said. "Through friendly consultations, this agreement was reached, which is very good. The outside world felt that China's laws and regulations were not complete. This time, our two parties reached an agreement through consultations to solve this problem." Deng Xiaoping said. Hamer said: "Now that a big project has been completed, my attention has turned to another aspect, namely fertilizer, offshore oil, etc. Arco Petroleum Company has discovered a large gas field in the South China Sea. Ship it to Hainan Island to build a synthetic ammonia plant .I will exchange phosphorus and potash fertilizers with you for new cooperation.”

Speaking of Hainan Island, Deng Xiaoping seemed a little excited.He told Hammer: "We decided to develop Hainan Island, and the use of natural gas can also drive other industries. There are rich iron ore here, and the steel industry can be developed." Hamer said that after returning to China, he will send the president of the chemical company to discuss these projects with China. Deng Xiaoping said with a smile: "Congratulations on the success of our cooperation. After the agreement is reached, there will still be problems, which I believe can be resolved. You can rest assured that the risk of cooperation with China is the least, because China is not a country that lacks solvency. China has great potential. It just didn't work out."

Hamer fully agrees with Deng Xiaoping's point of view.When he was interviewed by reporters, he publicly pointed out that China has repaid all its debts and has always kept its promise.He thinks it is wise for his Occidental oil company to invest in China. During this meeting, Hammer also gave Deng Xiaoping a special gift --- the work "My Hometown" by Chinese young painter Chen Yifei.