Level2StockQuotes.com - Penny Stocks Alert: Longwei Petroleum LPIH.OB

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Level2StockQuotes.com - Penny stocks Alert, Watch: Longwei Petroleum OTC BB: LPIH.OB

Business Summary: Longwei Petroleum LPIH.OB
Longwei Petroleum Investment Holding Limited - Oil and gas operations consist of transporting, marketing and selling finished petroleum products. The Company’s primary facilities are located in Taiyuan, Shanxi Province (Shanxi). The Company purchases diesel, gasoline, fuel oil and kerosene (the Products) from various petroleum refineries in the People’s Republic of China. The Company seeks to earn profits by selling its Products to gas stations, coal plants and other power supply customers and small, independent gas stations.

Article: More on Longwei Petroleum LPIH.OB
Longwei Petroleum Investment Holding Limited is one of the leading diesel, gasoline, fuel oil, and solvent oil distributors in Taiyuan City, Shanxi Province, in the People's Republic of China. In addition to its 50,000 metric ton capacity fuel storage facility in Taiyuan, Longwei owns a dedicated rail system to transport its products to customers and plans to expand into Gujiao with the addition of a 70,000 metric ton capacity oil depot. Gujiao, also located in Shanxi Province, is a major energy center for both Shanxi and China and thus provides a prime market for Longwei's products.

In all its endeavors, Longwei strives for the highest level of customer satisfaction by offering consistently high-quality products, competitive prices, and a stable supply flow to meet local demand. Longwei purchases finished fuel oil and petroleum mainly from oil refiners and then stores these purchased oils at geographically convenient locations for future distribution. The timely delivery of its products combined with their high quality and competitive pricing are the keys to Longwei's success.

China's growing economy and infrastructure have caused it to become the world's second-largest oil-consuming nation. Originally, from the 1950's to the 1990's, China exported as much as twenty million tons of oil a year to other nations, extracted from their own reserves. Now, they have shifted from an exporting nation to an importing one, in order to keep up with the country's increased consumption rate.

In 2004, China had to import more than 100 million tons of crude oil in order to meet its energy demands. This dependence on foreign oil leaves China dependent on unstable foreign oil interests, and vulnerable to a fluctuating market.

Cai, Yongjun:
Mr. Yongjun Cai is the Chairman and Chief Executive Officer of Longwei Petroleum Investment Holding Ltd. Mr. Cai has been the founder and the Chief Executive of Taiyuan Longwei, the Company's wholly-owned subsidiary, since October 1995. He has over 12 years experience in the trading, storage and handling of petroleum products. Mr. Cai acts as the general manager overseeing operations on a daily basis. From 1995 to 1999, Mr. Cai attended Shanxi University where in Business Administration.

Crane, James:
Mr. Crane is Chief Financial Officer of Longwei Petroleum Investment Holding Ltd. Mr. Crane is a certified public accountant licensed by the Commonwealth of Massachusetts and in good standing. Mr. Crane received a B.S. degree in Accountancy from Bentley University in May 1999. Mr. Crane was employed by Ernst & Young LLP from August 1999 through May 2001. Mr. Crane initially organized J. Crane & Company in September 1999. Mr. Crane was a partner in the Lexington, Massachusetts professional services firm of Baker O’Connor, LLC from January 1, 2005 through June 30, 2006. Mr. Crane then reorganized J. Crane & Company on July 1, 2006 and continues to operate J. Crane & Company through the date of this report. Mr. Crane has also served as Chief Financial Officer of Mystaru.com, Inc. and Bioneutral Group, Inc. since October 2007 and January 2009, respectively. Each of these businesses are public companies listed on the Over the Counter Bulletin Board stock market in the United States of America.

Xue, Yongping:
Ms. Xue has been Treasurer, Secretary, Director of Longwei Petroleum Investment Holding Ltd. Ms. Xue has been director, secretary and treasurer since November 1998 of Taiyuan Longwei, the Company's wholly-owned subsidiary. From August 1994 until November 1998, she was the deputy manager for Taiyuan Hua Xin Trading Company, Ltd., where she served as the deputy general manager. Taiyuan Hua Xin Trading Company is a wholesale petroleum company engaged in the selling of diesel and gasoline to other wholesale users. From September 1991 to July 1994, Ms. Xue attended Shanxi Law School where she earned her law degree.

More information on Longwei Petroleum (LPIH.OB) is available at their website: www.longweipetro.com Make sure you always do your own research.

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