Longwei Petroleum

Longwei Facilities

Longwei owns one ISO 9001:2000 certified, state-of-the-art fuel storage facility that includes 14 storage tanks with a total capacity of 50,000 metric tons (approximately 15 million gallons) at Taiyuan City, Shanxi Province.

Longwei has the largest storage facility for non-government owned companies for fuel storage in the province. This allows Longwei to buy in bulk at large discounts and also allows them to service and deliver fuel to large customers quickly and efficiently. The company's existing storage facilities with 50,000 metric tons of capacity provide it with a significant competitive advantage against other fuel oil distributors/wholesalers in Shanxi Province, most of whom do not have their own storage facilities.

Expansion to Gujiao

Longwei is planning the construction of a 70,000 metric ton capacity oil storage facility in the city of Gujiao in Shanxi Province, which will more than double their storage capacity to 120,000 metric tons. The new facility is strategically located in a fast-growing industrial zone, providing a prime marketplace for Longwei�s oil. Once completed, the facility will allow Longwei to service customers quickly and efficiently in Gujiao and surrounding areas, expanding their market in the province.

Gujiao, located west of Taiyuan City, is the energy center of coal, coke and electricity in Shanxi Province, and even in China. The construction of the Gujiao fuel depot has an important strategic meaning for Longwei.

The project has been approved by Shanxi Province Economic and Trade Committee and meets the regional development planning and national industrial policy requirements. Longwei hopes to complete the Gujiao oil depot in 2009. For more information on Current operations please click here.

Cai Yongjun-Chief Executive Officer

Mr. Cai was the founder and has been 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 he majored in Business Administration.

Xue Yongping-Secretary and Treasurer

Mr. Xue has been director, secretary, and treasurer of Taiyuan Longwei, the Company's wholly-owned subsidiary, since November 1998. From August 1994 until November 1998, he was the deputy manager for Taiyuan Hua Xin Trading Company, Ltd., where he 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, Mr. Xue attended Shanxi Law School where he earned his law degree.

Michael Toups-Chief Financial Officer

Deng Yuanxiang-Sales Manager

Mr. Deng has been the sales manager for Taiyuan Longwei since November 1998. He is responsible for the sales and marketing of the Company's products. From July 1990 to October 1997, he was the operations manager for Shanxi United Petroleum Company. This company was engaged in the petroleum and chemical businesses. Mr. Deng managed these operations for the company on a daily basis.

For information on Longwei Petroleum share details please click here