Petrogress (OTC: PGAS) demonstrates continued growth in the energy field and expansion into Nigeria and Cypress, Greece through its subsidiaries’ negotiated partnerships. As a result, the diversified marine transport and offshore services company is maximizing shareholder value. An article discussing the company’s recent endeavors reads: “Most recently, the company’s subsidiary, Petrogress Int’l LLC (“PIL”), entered into a partnership agreement with A&E Petroleum Co. to jointly form and operate a corporation to be named P&A Nigeria Oil Co. Limited (“PANOC”). The combined company’s stated goal is to engage in oil and gas opportunities in Nigeria while also operating storage tank facilities, providing sea transportation and distribution, and facilitating the sale of gas, oil and other petroleum products (http://ibn.fm/wMy9b).”
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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 CEO, Christos P. Traios, has over 30 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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