Grenada is about to turn into a big power hub as Nigerian oil and fuel corporate, Oceangate Oil and Fuel Engineering, has tied a ancient multi-billion greenback offer with International Petroleum Team, to initiation some of the Caribbean’s greatest oil and fuel ventures.
A remark by means of the Team CEO, Dr Aisha Achimugu, made to be had to PUNCH On-line on Saturday, said that this transformative partnership targets to build Grenada’s important hydrocarbon reserves, paving the best way for the island crowd to emerge as a big power hub within the Caribbean and past.
Achimugu mentioned, “We’re extremely joyful to go into this partnership with International Petroleum Team, which can carry considerable financial advantages and effort assets 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 ocular to gasoline long-term economic expansion and sustainable building, this determined undertaking guarantees no longer most effective to carry Grenada’s power manufacturing features but additionally to foster activity establishing, infrastructure building, and era switch inside the native financial system.
“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.”
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