NetworkNewsBreaks – Petrogress, Inc. (PGAS) Cont
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Diversified marine transport and offshore services company Petrogress, Inc. (OTC: PGAS) is continuing its global expansion in Nigeria through an agreement with A&E Petroleum Co. Limited. An article discussing the agreement reads: “In a press release dated February 13, 2018 (http://nnw.fm/XDAf2), Petrogress announced the further expansion of its global footprint by striking deals with Nigeria-based A&E Petroleum Co. Limited. The partnership with A&E Petroleum expands the company’s operations into Nigeria, generating enhanced revenue opportunity and strengthening the company’s international reach. The Memorandum of Understanding and Partnership Agreement with A&E Petroleum, which were inked by Petrogress subsidiary Petrogress Int’l, LLC, will jointly form a corporation to be named P&A Nigeria Oil Co. Ltd. (“PANOC”) to engage in various oil and gas business opportunities in Nigeria, including the operation of storage tank facilities and the supply, sea transportation, distribution and sale of gas, oil and other petroleum products, including crude oil originated in Nigeria.”
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