Dear XXX,
I am interested in partnership with you in the Pharmaceutical research as you mentioned here in your mail. In my own personal capacity and in my capacity as Vice President in the CNPC since 2008 and as the General Manager of China National Oil & Gas Exploration and Development Corporation since 2002, we have more to discuss in order to solidify the intent to implement the investment plan and have it accomplished in mutual business relations as a Joint Venture. I am willing to partner with you, so I am quite ambitious in making this a Joint Venture partnership with you in a credible and fruitful business relations building up assets in a choicest and desirable class that would possibly yield an enviable results in the near future.
The available amount I propose for this investment is $31million dollars. I understand a business cooperation like this requires our personal meeting, but it would not be comfortable for me to have this personal meeting with you at this time because of the policy of our company and I would not be privileged to go on any travel now that is related to my personal business dealings at this point of time due to nature of our company policy and also I am one of the top management team and the company always check on my personal travels, the commitment and private aspect of our dealings which is my top secret with you, so I would appreciate if you accept for us to work together in a brotherly manner to safeguard the interest of us both. You should know we have to be mindful of our disposition and reputation especially when we are connected to the government, and our company is a government owned company this is why I wanted to move the funds to you and I request you to keep my dealings with you confidential.
If my co officials know about my personal dealings, they might construe or misinterpret it in such a way that I am smuggling funds out from China which you know would not be good for my reputation, so please I need you to keep it a low profile to avoid whatever that would be detrimental to my person.
Most of my travel have to be assigned along with our corporate executives/top management and co Official members which I am among when the company is having Oil & Gas cooperation in alliance with foreign countries and I have to travel along with the officials, such as during the cooperation agreement with Gazprom Russia on petrochemical and gas supply and pipeline, cooperation agreement with the Saudi Aramco President and CEO Khalid A. Al-Falih on oil cooperation oil cooperation agreement with John S. Watson the Chairman and CEO Chevron oil corporation, Shell CEO Peter Voser and many others.
Currently we are currently engaged into regional exploration as we are endeavoring to take a full advantage of the integration of upstream and downstream operations to seek a dominant position for the current cooperation between CNPC & PEMEX which we had signed the Memorandum for cooperation with PEMEX CEO Emilio Lozoya Austin, the Mexican president Enrique Peña Nieto was as well present in the signing of the MOU because he was also paying a state visit to China and attending the Boao Forum for Asia 2013, also we had signed another the cooperation agreement for a $4.21billion deal with the ENI Oil and Gas company Italy. Although that is the general company cooperation but my business cooperation with you is only between you and not involving the entire CNPC.
I have had several thoughts about this investment venture which I am well convinced that such foreign investments will be of great benefit in the future trend and I have decided to fully engage into large scale of business development with you in your country, as you understand that this is a good opportunity to set up investments that will be helpful during our retirement age when all strength are gone, but having invested in businesses and project developments overseas is an ideal assets and a good resource for future benefits.
As I told you, I do not want the entire Petrochina or the Chinese government to be aware of my personal dealing. So discreetly request you to let this go only between you and myself. considering the secrecy and private nature of my dealings with you, I will let you proceed on with this fund and manage every of our partnership investment, I want you to appear as the sole owner of all our investment with you in order to protect my private portfolio with the Chinese government and without the awareness of my company CNPC, Petrochina.
Let me know if you accept to take control of our investment until I will be privileged to join you. Nonetheless, we need to negotiate on the shares of our investment profit sharing and the percentages should be documented in agreed terms for the benefit of our cooperation and to avoid any rise of controversy in the future.
If you have accepted to share common interest with me in this development, then we proceed accordingly with further arrangement and transferring the funds to you for the accomplishment of our business plans in a Joint Venture agreement as a partnership.
Looking forward to hear from you,
Best regards,
Wang Dongjin
President, PetroChina Company Ltd
Vice President, CNPC GROUP
Beijing, P.R. China, 100007
www.cnpc.com.cn