Longwei Petroleum Investment Holding Limited purchases diesel, gasoline, fuel oil and kerosene from various suppliers. As an intermediary, the company seeks to earn profits by buying diesel, gasoline, fuel oil and kerosene at competitive prices and selling them to other wholesalers. In addition, Longwei also earns revenues by acting as a purchase agent where they charge an agency fee -- a fee which is charged to wholesalers who do not have a license to purchase directly from refineries. Further, the company owns a gas station located on its property where it generates additional profit and revenue. All of our operating facilities are located in Taiyuan City, China.
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thc67 07-Apr-2010 05:14 PM
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Here is the link:http://finance.yahoo.com/news/Longwei-Petroleum-Announces-prnews-29353296... (#2398)
In Response to original message: #2397 posted by on 24-Mar-2010 12:44 PM
Here is the link:
http://finance.yahoo.com/news/Longwei-Petroleum-Announces-prnews-2935329698.html?x=0&.v=1