PGI Energy executive team also decided to terminate its working relationship with Intertorco Europe and their USA office because the US embargo against Sudan prohibits the company from conducting business with Sudapet and Northern Sudan regarding the oil industry.
PGI Energy said Intertorco had previously misrepresented facts and terms of the company’s contracts specifically with regards to Saudi Aramco.
PGI Energy is an energy holding company, headquartered in Houston, Texas.
The company is engaged in acquiring assets in the proven producing oil, gas assets, refinery, pipeline sectors of the energy industry and other synergistic assets.
