Petrogres operates as an oil commodity integrate company in West Africa. Petrogres provides the supply of petroleum products which are then shipped by its affiliated tanker fleet and delivered to the buyers for local refinery in Ghana. The Company intends to expand this model of its operations and business to other continents. Petrogres’ main operations are managed by an experienced team which is located at Petrogres’s main office in Piraeus, Greece. By combining regional market knowledge and excellent service to its customers, along with more than 25 years’ experience in shipping and ship’s management, Petrogres has earned a reputation for reliably marketing and moving petroleum products primarily in West Africa. The Company’s near term goals for expansion are currently being explored with the Company exploring the potential for acquiring or purchasing or leasing newly built LNG vessels in US to be used for the supply and sea freight of US LNG (Liquefied Natural Gas) exports.
"Discription of Business"
The Company operates primarily as a holding company for its three wholly-owned subsidiaries. These subsidiaries are as follows:
Petrogres Co. Ltd., a Marshall Islands Corporation,operating as an oil commodity integrate company in West Africa and Mediterranean and provides the supply of petroleum products that ship by its affiliated tanker fleet and delivered to the end buyers. The Company intends to expand this model of its operations and business to other continents as well. By combining regional market knowledge and excellent service to its customers, along with more than 25 years’ experience in shipping and ship’s management, Petrogres has earned a reputation for reliably marketing and moving petroleum products primarily in West Africa.
Petronav Carriers llc., a Delaware Corporation, the holder of shares portfolio of the independent ship-owning entities – all under the umbrella of Petrogress, Inc. The Company is handling the management and operations of the existing tankers fleet, by giving the flexibility in our business to work as an integrate company moving our products mainly having the total control of the entire operations –form the supply and the shipping up to final destination! We are focused to increase our carrying capacity of oil products by adding new tankers into our fleet that will maintains our primarily role and the competitive advantages around our operating areas.
Petrogress Oil & Gas Energy Inc., a Texas Corporation, primarily focused on investigating the feasibility of acquiring oil fields in Texas so that the Company can expand its operations into the LNG market within the United States market. Our immediate plans for the expansion are underway through the supply and sea carriage of US Liquefied Natural Gas to Mediterranean destinations.
- Petrogres is one of the few with local presence in W. Africa and comprehensive product coverage. As physical traders, we gain first-hand experience of economic fundamentals as they play out on the ground.From small beginnings, in the last three years we’ve grown rapidly and became a key crude oil trading entity in the area. Our sales proves that the company is growing year by year with substantial benefits to remain for the company’s developments.
Petrogres has grown from 2012 through 2015 and management expects the trend to continue to grow. Since 2012, Petrogres has moved a total of approximately 800,000 barrels of LPFO oil and had gross revenues (unaudited) of approximately $65 million, as follows:
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|2012 || ||109,091 || ||$ ||10,000,000 |
|2013 || ||127,854 || || ||12,723,373 |
|2014 || ||175,000 || || ||19,737,828 |
|2015 || ||387,093 || || ||23,778,978 |
Petrogres manages in-house a fleet of crude oil carriers and trades them in West Africa, known as a most difficult area for navigation and trade.At Petrogres, the top management and the staff have substantial experience in the shipping industry. Our management team is based in Piraeus and includes several executives with extensive experience in shipping operations and have demonstrated substantial ability in managing the commercial, technical and financial aspects of our business.
10, Sp. Trikoupi Str., Piraeus 185 38
T: + 30 210 4599 741 F: +30 210 4599 744
335, Ag. Andrea Str, Limassol
T: +357 257 48125 F: +357 257 48005
1, Community Str., Tema Port
T: +233 262 421123
Corporate Headquarters: http://www.petrogressinc.com/contact.html
319 Clematis Street
West Palm Beach, Florida 33401
United States Phone: 561-249-6511
Petrogres, new investment in Oil filters industry!!
Petrogress, Inc., is announcing the conclusion of a new deal-project through its wholly- owned subsidiary, Petrogres Co. Limited,.
- Petrogres Co.Limited,is expanding its business by strategically investing to Oil filtering industry.
Petrogres, is acquiring the majority shares of a filtering producing factory, OLYMPIC FILTERS S.A.
Olympic Filters company., is a filtering producing industry since 1980 and is located in the industrial area of North Greece.
Factory Commercial value: $6,000,000
Production Yearly revenues: $4,500,000
The increasing of production and sales, is our primary target. We plan to expand the sales of the products into new markets areas, in Brazil and Africa, where Petrogres has strong relations and presence!