Petrogress Inc.’s subsidiary, Petrogress Co. Ltd. (PGL), has entered a partnership agreement with Platon Gas Oil Ghana, under which PGL anticipates monthly delivery of 3000 – 5000 t of crude oil 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 neighbouring countries.
Petrogress expects the partnership with Platon to grow sales and net profits for, while providing assurances of continued transactions and secured sales; provide for significant production upgrading at the refinery, going from the current processing capacity of 75 000 bbls per month to 200 000 bbls per month; as well as widen Petrogress’ presence in the refining oil sector, as production expands to meet demand for refined petroleum products in West Africa.
Petrogress Principal and CEO, Christos P. Traios, stated: “We are excited about our partnership with Platon and believe it is an excellent opportunity for Petrogress to not only expand its West Africa supply operations but also to join with a strong, experienced refinery partner. The needs and demand for refined petroleum products in Ghana and neighboring countries already exceeds local capacity and grows consistently. Our companies’ combined facilities, assets and services are not only expected to provide for enhanced revenue streams, but also strengthen our footprint in West Africa.”
Read the article online at: https://www.tanksterminals.com/storage-tanks/30032018/petrogress-extends-its-presence-in-ghanas-refining-sector/