NetworkNewsBreaks – Petrogress, Inc. (PGAS) Subs
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Posted On: 03/20/2018 5:11:24 PM
NetworkNewsBreaks – Petrogress, Inc. (PGAS) Subsidiary Strengthens Presence in West Africa through Partnership Agreement
Diversified marine transport and offshore services company Petrogress, Inc. (OTC: PGAS), through its Petrogress Co. Limited (“PGL”) subsidiary, this morning announced its entry into a partnership agreement with Platon Gas Oil Ghana Limited (“PGO”) pursuant to which PGL will supply crude oil for storage, refinement, marketing and distribution in Ghana by PGO. “We are excited about our partnership with PGO and believe it is an excellent opportunity for Petrogress to expand its supply operations into Ghana,” Christos P. Traios, CEO of Petrogress, stated in the news release. “Our companies’ combined facilities, assets and services are not only expected to provide for enhanced revenue streams, but also strengthen our footprint in West Africa.” Per the update, PGL is expected to deliver 3,000-5,000 metric tons of crude oil on a monthly basis for storage and processing by PGO. Net proceeds from the sale of the products will be split evenly between the two companies.
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 its Petrogress Co. Limited (“PGL”) subsidiary, this morning announced its entry into a partnership agreement with Platon Gas Oil Ghana Limited (“PGO”) pursuant to which PGL will supply crude oil for storage, refinement, marketing and distribution in Ghana by PGO. “We are excited about our partnership with PGO and believe it is an excellent opportunity for Petrogress to expand its supply operations into Ghana,” Christos P. Traios, CEO of Petrogress, stated in the news release. “Our companies’ combined facilities, assets and services are not only expected to provide for enhanced revenue streams, but also strengthen our footprint in West Africa.” Per the update, PGL is expected to deliver 3,000-5,000 metric tons of crude oil on a monthly basis for storage and processing by PGO. Net proceeds from the sale of the products will be split evenly between the two companies.
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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