An oil and gas company from Nigeria, Oceangate Oil and Gas Engineering, has finalized a significant multi-billion dollar deal with Global Petroleum Group to launch a major oil and gas project in Grenada, aiming to establish the country as a key energy center in the Caribbean.
The CEO of the group, Dr. Aisha Achimugu, highlighted that this partnership is a crucial step towards developing Grenada’s hydrocarbon reserves, setting the stage for the nation to play a significant role in the energy sector regionally and internationally.
Achimugu expressed excitement about the collaboration with Global Petroleum Group, emphasizing the positive impact it will have on Grenada’s economy and energy resources. The project aligns with Oceangate’s focus on sustainable energy investments that promote economic growth while upholding environmental standards.
Emphasizing the long-term benefits, Achimugu mentioned that the project will not only boost Grenada’s energy production but also contribute to job creation, infrastructure enhancement, and technology transfer within the local community.
The project is expected to open up new economic opportunities in the Caribbean’s energy landscape, positioning Grenada as a significant energy supplier in the region and fostering growth across various sectors.