In a medium bowl, combine red wine, water, garlic, chillies, white pepper and salt. Add beef, and turn to coat evenly.
In a large, heavy frying pan over medium heat, fry 3 steaks at a time for 2 minutes on each side. Set steaks aside, and drain cooking juices into the red wine mixture.
Pour oil into frying pan, and reduce heat to medium-low. Fry steaks for a second time, 2 minutes on each side. Drain oil, and return all steaks and marinade to the pan. Allow to simmer vigorously for 2 minutes so that sauce reduces slightly.