NetworkNewsBreaks – Petrogress, Inc. (PGAS) Subs
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Posted On: 02/13/2018 6:49:55 PM
NetworkNewsBreaks – Petrogress, Inc. (PGAS) Subsidiary Expands Presence in Nigeria through Partnership Agreement
Diversified marine transport and offshore services company Petrogress, Inc. (OTC: PGAS), through subsidiary Petrogress Int’l, LLC (“PIL”), this morning announced its entry into a memorandum of understanding and a partnership agreement with Nigeria-based A&E Petroleum Co. Limited to jointly form and co-operate a corporation to be named P&A Nigeria Oil Co. Ltd. (“PANOC”). PANOC is expected to engage in operation of storage tank facilities and the supply, sea transportation, distribution and sale of gas oil and other petroleum products, effectively capitalizing on oil and gas business opportunities in Nigeria. “Our partnership with A&E Petroleum is an excellent opportunity for Petrogress to expand its operations into and serve the Nigerian market,” Christos P. Traios, CEO of Petrogress, stated in a news release. “Our companies’ combined facilities, assets and services are not only expected to provide for enhanced revenue streams, but also ensure our future in this important international market.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Diversified marine transport and offshore services company Petrogress, Inc. (OTC: PGAS), through subsidiary Petrogress Int’l, LLC (“PIL”), this morning announced its entry into a memorandum of understanding and a partnership agreement with Nigeria-based A&E Petroleum Co. Limited to jointly form and co-operate a corporation to be named P&A Nigeria Oil Co. Ltd. (“PANOC”). PANOC is expected to engage in operation of storage tank facilities and the supply, sea transportation, distribution and sale of gas oil and other petroleum products, effectively capitalizing on oil and gas business opportunities in Nigeria. “Our partnership with A&E Petroleum is an excellent opportunity for Petrogress to expand its operations into and serve the Nigerian market,” Christos P. Traios, CEO of Petrogress, stated in a news release. “Our companies’ combined facilities, assets and services are not only expected to provide for enhanced revenue streams, but also ensure our future in this important international market.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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