China North East Petroleum Holdings Ltd. (CNEPH) has been a leader among private oil producers and has gained an important place in the oil industry in China. As China’s oil industry continues to expand, allowing non-state-owned companies to participate, China North East Petroleum has blazed the trail for other privatized companies to follow.
While the country continues to explore, drill, extract and produce oil for use, reserve and sale, China continues to be a growth market for the foreseeable future given the potential domestic demand, and the rapid pace of industrialization that the country continues to undergo. China North East Petroleum is part of this overall growth story.
“What I love about China North East Petroleum is that everybody is together, working toward the same thing, one goal, to make it succeed,” says Chao Jiang, the company’s executive vice president of finance, “From the chairman, Hong Jun Wang, through everyone in the company, we share this vision and work diligently to make it come about.” To read the full article by Greg Sushinsky, go to page 65 of the upcoming digital issue of EQUITIES Magazine. Sign up for a free one-year subscription to EQUITIES Magazine.
China North East Petroleum Holdings Ltd will be featured alongside Petroleum Development Corporation (NASDAQ: PETD), NiMin Energy Corp. (TSX: NNN), U.S. Energy Corp. (NASDAQ:USEG) and GeoResources Inc. (NASDAQ: GEOI) in the October 2009 issue of EQUITIES Magazine.
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