QualityStocksNewsBreaks – Petrogress, Inc. (PGAS) Deepens Port Operations in Cyprus through Joint Venture MOU
Diversified marine transport and offshore services company Petrogress (OTC: PGAS) is strengthening its port operations in Cyprus through its subsidiary Petrogress Int’l, LLC. An article discussing this reads: “Through subsidiary Petrogress Int’l, LLC (“PIL”), the company has entered into a Memorandum of Understanding (“MOU”) with EDT Agency Services, Ltd., under which the two companies intend to combine operations at the Port of Limassol. The collaboration also extends to future developments at Vassiliko Energy Port, where the Cyprus Port Authority has announced plans for the construction of a $300 million industrial and energy harbor. The MOU calls for a 50/50 partnership…