Two Companies Partner to Provide Sea Transportation of Petroleum Products to Dangote Refinery

0

By Ikenna Omeje

Petrogress, Inc, a fully integrated oil commodity business that primarily serves West Africa and Mediterranean, has announced that its wholly owned subsidiary, Petronav Carriers LLC. (PCL), on February 10th 2021, entered into partnership agreement (PSA) with B&Crew Achor Investment Nigeria Limited, to provides sea transportation of petroleum products to Dangote Refinery.

In a release on Tuesday, Prtrogress said that the  maritime service operations  and sea transportation of petroleum products to Dangote Oil Refinery, will be around Nigeria, West Africa and Europe, based on a long term Affreightment.

The release noted that the Contract of Affreightment (COA) consists to the sea-carriage of 600k -plus- barrels of crude oil and refined petroleum products monthly, under PCL’s management tankers fleet. It added that  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.

Speaking on the partnership, Petrogress CEO, Christos Traios said, “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.”  

Leave A Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More