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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About Petrogress, Inc.
Petrogress, Inc. owns and operates a fleet of tankers from its base in the historic Port of Piraeus through a series of Marshall Islands subsidiaries. Its principal and Chief Executive Officer, Christos P. Traios, has over 25 years of experience in operating and managing shipping operations from Greece. Currently, the Company’s ships trade off the coast of West Africa, transporting crude oil, distillates and refined products. The Company also operates service and shipping facilities at the Port of Limassol in Cyprus and the Port of Tema, Greater Accra, in Ghana. It is actively seeking expansion opportunities, including in operating and developing natural gas production and transmission facilities along with LNG processing in the U.S., refinery operations in north and West Africa, and the transport and sales of LNG in Europe. For more information, visit www.PetrogressInc.com.
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