Longwei Petroleum Investment Holding Ltd. (LPIH.OB) Plans an Additional 70,000 Metric Tonnes of Oil and Gas Storage Capacity
When a company starts to put its business into motion there are a few basic tenants that need to be addressed. Customer base and location are perhaps two of the most important. Management needs to ask itself: are we located in the correct place and do we have a customer base we can serve effectively. When dealing with bulk materials, this is even more important and needs to be right the first time. Longwei Investment Holding Ltd., an oil and gas distributor, acts as a distributor of oil and gas primarily in China. The company currently owns 50,000 tons of…