Beginning with investments in insurance and real estate, it expanded into oil trading and ordinance support.
The deal was settled after oil trading closed early in London last night to allow dealers to attend a series of oil industry social functions.
The company was heavily involved in oil trading throughout the 1990s and early 2000s with the Iraqi government.
The numbers that it sets in some instances have more effect on oil trading, though, then on the actual amount its members produce.
After an unsuccessful attempt to start a dealership for Japanese imports, he went into oil trading at the age of 25.
Fang started his career in oil trading in 1992.
Salomon's earnings were aided by strong results from oil trading.
The company is specialised in oil trading and manages over 450 gas stations without owning any of them.
Company also works on future markets, oil trading and gold market.
The company expects big losses from oil trading by an American unit.