In a statement released on Saturday, Group CEO Dr. Aisha Achimugu highlighted that this groundbreaking collaboration aims to tap into Grenada’s substantial hydrocarbon reserves, setting the stage for the island nation to establish itself as a prominent energy hub in the Caribbean and beyond.
Achimugu expressed enthusiasm about the partnership, stating, “We are excited to collaborate with Global Petroleum Group, which will bring considerable economic advantages and energy resources to Grenada.
“This initiative reflects Oceangate’s dedication to investing in sustainable energy solutions that promote economic growth while adhering to environmental standards. We are confident that this project will serve as a foundation for future economic partnerships between Africa and the Caribbean.”
He further noted, “With a focus on fostering long-term economic development and sustainability, this ambitious endeavor is set to enhance Grenada’s energy production capabilities while also generating job opportunities, advancing infrastructure, and facilitating technology transfer within the local economy.
“Amid the changing energy landscape of the Caribbean, this venture is anticipated to create unparalleled economic prospects, benefiting various sectors and positioning Grenada as a vital energy supplier in the region.”