Petrogress, Inc. (PGAS) Research

Petrogress, Inc. is a vertically integrated energy enterprise, managing its diverse operations through various subsidiaries. Established in 2009 and headquartered in Piraeus, Greece, the company's activities are organized across the Upstream, Midstream, and Downstream segments of the energy sector. Its Upstream operations include the global trading of crude oil, with significant involvement in purchasing and selling the commodity in Cyprus, the Middle East, and West Africa. The Midstream segment focuses on marine logistics, providing sea-transportation services via its dedicated tanker fleet for both its own petroleum products and for external clients. This also includes the transportation of gas oil, naphtha, fuels, and lubricants. Downstream activities involve transforming crude oil into various petroleum products through refining. Furthermore, Petrogress handles the marketing and distribution of crude oil and its refined derivatives, including the retail sale of gas oil, naphtha, fuels, and lubricants. The company also oversees the operation of numerous retail fuel stations situated across Greece.

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