Petrogress Inc., entered into a partnership with B&Crew Anchor Ltd., to lift 600,000 bbls monthly petroleum products for Dangote Oil Refinery;
Petrogress, Inc. (OTC PINK: PGAS) (“Petrogress” or the “Company”), a fully integrated oil commodity business that primarily serves West Africa and Mediterranean, yesterday announced that its wholly owned subsidiary, Petronav Carriers LLC. (“PCL”), on February 10th 2021, entered into partnership agreement (PSA) with B&CREW ANCHOR INVESTMENT NIG LTD. (“BCAI”).
The PSA anticipates PCL -through BCAI- to provide maritime service operations and sea transportation of petroleum products to Dangote Oil Refinery around Nigeria, West Africa and Europe, based on a long term Affreightment. The COA consists to the sea-carriage of 600k -plus- barrels of crude oil and refined petroleum products monthly, under PCL’s management tankers fleet. The initial COA will be for three years with an option to prolong for additional two years. BCAI will service as PCL’s representative in Nigeria and shall contribute with their Know-How and skills, while PCL will provide its managed fleet of tankers and its expert personnel on the maritime industry.
“We are excited with our new expansion of our maritime operations activities which strengthening Petronav’s position in the shipping industry, and specifically in the midstream, that is a key segment in the Oil Energy. Despite the adverse environment, we are taken the challenges as opportunities, and keeps expanding our operations into new areas; following our vision to establish, and eventually drive Petrogress stronger in the energy” states Petrogress’ CEO, Christos Traios.
Petronav Carriers (www.petronavcarrier.com) is a wholly-owned subsidiary of Petrogress Inc., which manages an in-house fleet of crude oil carriers and trades them in West Africa and the Mediterranean. Petronav’ s leadership team, holds substantial combined shipping industry experience in managing financial, commercial and technical aspects of the business and ensures leading the company on a foundation of safe, cost-and energy-efficient and environmentally-friendly practices. The company values its team, which consists of skilled and experienced managers, port captains, technicians, ship officers, as well as specialists in the areas of safety, commercial and personnel management. Petronav retains key talent, rewards performance and continually develops its staff and holds it to high performance standards. Through qualified experience in conducting safe operations, understanding of environmental challenges, and strong leadership and coordination, Petronav shuttle fleet provides Ship-to-Ship (STS) services and/or lighting other product carriers in the area where Petronav is active.
B&Crew Anchor Investment, (www.becrewanchor.com) is a fully indigenous company engage in the business of marine logistics services, ships chartering and agency, oil and gas distribution. BCAI has vast managerial experience and technical know-how in all type of vessels, engineering designs and projects execution in the upstream sectors of Nigeria and Governmental projects. The company is based in Nigeria, working with Oil and Gas refineries and producers, shipyards and financial institutions. The company operates through its three branches in Nigeria, Abuja, Lagos and Calabar.
Dangote Petroleum Refinery, (www.dangote.com), Dangote Group is a diversified and fully integrated conglomerate with an annual group turnover in excess of $4billion with vibrant operations in Nigeria and Africa across a wide range of sectors including cement, sugar, salt, condiments, flour, packaging, energy, port operations, fertilizer, and Petrochemicals. The Dangote Petroleum Refinery is covering a land area of approximately 2,635 hectares with a production capacity of 650,000 barrels per day. The refinery -which is under construction- located at the Lekki Free Zone (near Lagos), is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility. The Refinery will meet 100% of the Nigerian requirement of all refined products and will start the operations within May 2021.
Source: Petrogress Inc