Petrogress, Inc. (PGAS) is Strengthening Port Operations in Cyprus
MOU to undertake joint venture in Cyprus port operations Set to enter upstream business by operating oil platform Gaining eligibility to bid for Ghanaian government contracts A recent announcement (http://dtn.fm/GtI6w), which also appeared in the Greek media, shows that Petrogress, Inc. (OTC: PGAS) is doubling down in Cyprus. 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…