Wang Feng, etc: Zhonghai Oil [CNOOC]’s* “Global Procurement” Unveiled

From Caijing, via Press Interpreter, translated By David Lancashire:

11:30pm on June 6th, Beijing time, in the Zhonghai Oil building outside Dongzhimen in Beijing. 54 year old Fu Chengyu dialed through to Charles Williamson, Chairman of the Board for Unocal. Williamson had just touched down in Thailand in a charter jet.

“It’s passed board approval, we wish to merge with your respected firm — our offering price is $67 USD.” Fu Chengyu said. “We hope we can work together.”

In another portion of the telephone call, Williamson asked for clarification “can you confirm that it is $67 USD”, and then said, “You know, right now, because we’re at the end of a contract, we can’t speak to you at great length, but we will look into this very quickly.”

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