NetworkNewsBreaks – Petrogress, Inc. (PGAS) Subsidiary Expands Presence in Nigeria through Partnership Agreement
Diversified marine transport and offshore services company Petrogress, Inc. (OTC: PGAS), through subsidiary Petrogress Int’l, LLC (“PIL”), this morning announced its entry into a memorandum of understanding and a partnership agreement with Nigeria-based A&E Petroleum Co. Limited to jointly form and co-operate a corporation to be named P&A Nigeria Oil Co. Ltd. (“PANOC”). PANOC is expected to engage in operation of storage tank facilities and the supply, sea transportation, distribution and sale of gas oil and other petroleum products, effectively capitalizing on oil and gas business opportunities in Nigeria. “Our partnership with A&E Petroleum is an excellent opportunity for Petrogress…







