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Petrogress (OTC: PGAS) has inaugurated the EOS Areopolis Gas Station in Greece, strategically located in a tourist area. This innovative gas station features high-performance fuels, a convenience store, and a unique design aimed at becoming a community hub. The CEO, Christos Traios, emphasized the significance of this project, noting a personal investment of over $1 million. The company aims to enhance its retail presence by adding four more stations, reinforcing its commitment to providing quality services and increasing market share.
Petrogress (OTC PINK: PGAS) announced a long-term lease agreement for a 38,000 DWT tanker with its subsidiary, Petronav Carriers LLC. The lease, effective February 17, 2021, spans 4 years with an option for an additional tanker. This eco-friendly vessel will service a new Affreightment (COA) project in West Africa. Petrogress operates in the oil sector across three segments: upstream, downstream, and midstream, and is focused on expanding its oil and gas activities internationally.
Petrogress, Inc. (OTC PINK: PGAS) has announced a partnership agreement through its subsidiary, Petronav Carriers LLC (PCL), with B&CREW ANCHOR INVESTMENT NIG LTD (BCAI) to enhance maritime operations. The agreement, effective February 10, 2021, includes long-term transportation of over 600,000 barrels of petroleum products monthly to Dangote Oil Refinery in Nigeria. The initial contract spans three years with a two-year extension option. This partnership aims to strengthen Petrogress' position in the midstream oil sector despite current industry challenges.
Petrogress, Inc. (OTC PINK: PGAS) has announced a strategic partnership through a Memorandum of Understanding (MOU) with EDT Offshore Agency Services for a 50/50 collaboration in Ship-to-Ship (STS) operations in the East Mediterranean. This venture aims to enhance revenue streams by utilizing combined expertise and resources in energy and transportation. Both companies will equally manage the new entity, contributing cash, personnel, and equipment to facilitate STS services.
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