NetworkNewsBreaks – Petrogress, Inc. (PGAS) Subsidiary Inks Partnership Agreement with Platon Gas Oil Ghana

March 28, 2018 10:02:29

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.

To view the full press release, visit

About Petrogress, Inc.

Petrogress, Inc. (OTC: PGAS) is a fully-integrated oil and gas company based in New York City. It trades, ships and refines crude oil in West Africa and the eastern Mediterranean, and is a global merchant of petroleum products  The company operates chiefly as a holding company for its operating subsidiaries: Petrogres Co. Limited and Petronav Carriers LLC, which own and operate its tanker fleet; Petrogress Oil & Gas Energy, Inc., an oil and gas production company; and Petrogress Int’l, LLC, the owner and manager of Petrogres Africa Co. Limited, which operates service and shipping facilities at the Port of Tema, Greater Accra, in Ghana, and PG Cypyard & Offshore Terminal Services Ltd., which operates similar facilities at Limassol, in Cyprus. Petrogress connects producers and end-users of commodities, concentrating on the supply and trade of light petroleum fuel oil (LPFO), refined oil products, and other petrochemical products to local refineries, employing its market knowledge, logistics, and infrastructure to move physical commodities from places of abundance to where they are in demand. For more information, visit

More from NetworkNewsBreaks

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office