NetworkNewsBreaks – Petrogress, Inc. (PGAS) Subs
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Posted On: 03/28/2018 5:53:45 PM
NetworkNewsBreaks – Petrogress, Inc. (PGAS) Subsidiary Inks Partnership Agreement with Platon Gas Oil Ghana
Petrogress (OTC: PGAS) this morning announced that its subsidiary, Petrogress Co., Ltd. (“PGL”), has entered into a Partnership Agreement with Platon Gas Oil Ghana. Per the update, PGL anticipates monthly delivery of 3,000-5,000 metric tons of crude oil to Platon’s facilities for storage and processing into diverse petroleum products. Petrogress will contribute to refinery expansion plans and, together with Platon, will market and distribute the refined petroleum products in Ghana and bordering countries. “We are excited about our partnership with Platon and believe it is an excellent opportunity for Petrogress to not only expand its West Africa supply operations but also to join with a strong, experienced refinery partner. The needs and demand for refined petroleum products in Ghana and neighboring countries already exceeds local capacity and grows consistently. 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,” Petrogress Principal and CEO Christos Traios stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Petrogress (OTC: PGAS) this morning announced that its subsidiary, Petrogress Co., Ltd. (“PGL”), has entered into a Partnership Agreement with Platon Gas Oil Ghana. Per the update, PGL anticipates monthly delivery of 3,000-5,000 metric tons of crude oil to Platon’s facilities for storage and processing into diverse petroleum products. Petrogress will contribute to refinery expansion plans and, together with Platon, will market and distribute the refined petroleum products in Ghana and bordering countries. “We are excited about our partnership with Platon and believe it is an excellent opportunity for Petrogress to not only expand its West Africa supply operations but also to join with a strong, experienced refinery partner. The needs and demand for refined petroleum products in Ghana and neighboring countries already exceeds local capacity and grows consistently. 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,” Petrogress Principal and CEO Christos Traios stated in the news release.
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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