Petrogress, Inc. (PGAS) Expanding Downstream Crude Oil Processing in Ghana through New Feedstock Agreement
Petrogress subsidiary signs partnership agreement with a Ghanaian oil refinery Forecasts indicate that the value of the Ghanaian oil and gas industry will triple to $60 billion by 2022 Petrogress, Inc. (OTC: PGAS) subsidiary Petrogress Co., Ltd. (“PGL”) has entered into a partnership agreement with Platon Gas Oil Ghana. PGL anticipates delivery of 3,000-5,000 metric tons of crude oil each month to Platon’s facilities for storage and processing into diverse petroleum products. Petrogress will participate in refinery expansion plans and, with Platon, will market and distribute the refined petroleum products in Ghana and neighboring countries. Petrogress believes that the partnership…
