December 1, 2017 - 9:30 AM EST
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Petrogress, Inc. (PGAS) is “One to Watch”

  • Owns and operates fleet of tankers moving crude oil, distillates, and refined products
  • Profitability increased to 13.14% from prior year’s 3.82%
  • Robust global economic growth shoring up crude oil and gas prices
  • Plans include moving deeper into growing markets of West Africa, purchase of additional tanker vessels

Petrogress, Inc. (OTC: PGAS), founded in 2009, owns and operates a fleet of tankers from its base in the historic Port of Piraeus, Greece, through a series of Marshall Islands subsidiaries. The company is an international merchant of petroleum products which includes reliably marketing and trading crude oil, distillates, and refined products off the coast of West Africa. 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.

Petrogress has created a diversified revenue stream, giving it a significant advantage over similar companies working in the oil and gas shipping arena. A case in point is the recent formation of “PG Cypyard & Offshore Service Terminal Ltd. (“Cypyard”), through the company’s wholly owned subsidiary, Petrogress Int’l, LLC. Cypyard is concluding negotiations for an operations and management agreement covering ports in Hellenic Cyprus, including the Port of Limassol, directly with...

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Source: NetworkNewsWire (December 1, 2017 - 9:30 AM EST)

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