ADVERTISEMENT

Nigerian oil firm secures million dollar deal in Grenada

ADVERTISEMENT

Nigerian oil firm secures million dollar deal in Grenada

Grenada is set to become a major energy hub as Nigerian oil and gas company, Oceangate Oil and Gas Engineering, has secured a historic multi-billion dollar deal with Global Petroleum Group, to launch one of the Caribbean’s largest oil and gas ventures.

Related posts

ADVERTISEMENT
ADVERTISEMENT

A statement by the Group CEO, Dr Aisha Achimugu, made available to PUNCH Online on Saturday, stated that this transformative partnership aims to develop Grenada’s significant hydrocarbon reserves, paving the way for the island nation to emerge as a major energy hub in the Caribbean and beyond.

Achimugu said, “We are thrilled to enter this partnership with Global Petroleum Group, which will bring substantial economic benefits and energy resources to Grenada.

“This venture underscores Oceangate’s commitment to investing in sustainable energy solutions that drive economic prosperity while respecting environmental standards. We believe this project will lay the foundation for future economic collaborations between Africa and the Caribbean.”

 

He added, “With a vision to fuel long-term economic growth and sustainable development, this ambitious project promises not only to elevate Grenada’s energy production capabilities but also to foster job creation, infrastructure development, and technology transfer within the local economy.

 

“Set against the backdrop of the Caribbean’s evolving energy landscape, the venture is expected to provide unprecedented economic opportunities, delivering benefits across sectors and positioning Grenada as a key energy supplier in the region.”

 

Share this post

Facebook
WhatsApp
Twitter
LinkedIn
Telegram
Email
Print

Leave a Reply

Your email address will not be published. Required fields are marked *

Kindly accept our Terms & Conditions and Privacy Policy .

Related Posts

Welcome Back!

Login to your account below

Retrieve your password

Please enter your username or email address to reset your password.