China Integrated Energy, Inc. (CBEH) Signs $52M Petroleum Contract
China Integrated Energy, Inc., an industry leading, privately owned provider of petroleum and clean energy fuels in the People’s Republic of China (PRC) announced yesterday that the Company has signed a large new contract with one of its existing customers. The contract, with an unspecified wholesale distributor located in the Sichuan Province (where refining capacity is limited), calls for delivery of 160k tons of petroleum products in 2010, a whopping 62k tons more than the previous year and representing an additional $52M in revenue. This new contract clearly showcases CBEH’s skillful execution of its growth strategy in wholesale distribution, breaking…