World Oil Group, Inc. Announces Updates on Peruvian Port Project
ORLANDO, Fla., December 10, 2018 (Newswire.com) - World Oil Group, Inc. (OTC Pink: WOGI) has 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 to support population growth in the northern part of the country. 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.
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