Florida, January 8th 2019 - World Oil Group, Inc. (OTC Pink: WOGI) CEO, Claudio Aballay, Announces Updates on Peruvian project
DEBARY, FL / ACCESSWIRE / January 7, 2019 / World Oil Group, Inc. (OTC PINK: WOGI) CEO, Claudio Aballay, announces updates on Peruvian Port project.
The company had entered into a Memorandum of Understanding with the Peruvian Government (Port Authority).
This project included taking over an existing seaport and building a modular oil refinery. This port was already established and has a solid relationship with a very active U.S. Port. The challenge was that the company needed a capital partner while simultaneously working on getting current with financial markets reporting requirements.
The company continues to meet with other private investors and financial entities to move this project to the next level. The company remains open to discussing the opportunity with any new interested parties.
The Company is steadfast on its corporate objectives and believes building a modular oil refinery and increasing trade relations between Peru and the United States through the Company initiatives is a “win-win” scenario for both countries.
Peru needs more fuel to grow industries in the north to support its population growth and create jobs and the US wants “fair trade” organic and non- organic non-GMO foods.
About the company: World Oil Group, Inc. is an international company with oil exploration operations in Oil City, Pennsylvania, and its Management, Petroleum, Commodities, and Mining Operations based in Lima, Peru
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SOURCE: World Oil Group, Inc.