(EnergyAsia, November 18, Wednesday) — Downstream oil company Longwei Petroleum Investment Holding Ltd said it has raised $14.8 million from a private placement to finance the construction of an oil depot facility in Gujiao City in China’s Shanxi province The Taiyuan, Shanxi-based company said it sold 13.5 million series A convertible preferred shares and warrants…
CHINA: Longwei Petroleum raised US$14.8 million for Gujiao fuel oil depot, rail link
Posted on November 17, 2009 by EnergyAsia