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Shaanxi Yanchang Petroleum Company is one of four qualified companies for oil and gas exploration in China. The company is directly owned by the Shaanxi People's Provincial Government. Its main business includes gas and oil exploration, mining, processing, pipeline transportation, oil and gas product sales, equipment manufacturing and technical research.
Shaanxi Yanchang Solid Petroleum Products Trade Center covers an area of 299 hectares and has an investment of about 200 million yuan ($32.3 million). When the project is finished, it is predicted that annual trade volume of chemical products will exceed 6 million tons, among which trade volume of radial-ply tires will reach 20 million. The transactions will exceed 4 billion yuan ($646 million), creating taxes of 1.5 billion yuan ($242.25 million).
