Petrolium Oil Alliance Inc. Enters Into Negotiations in the Islamic Republic of Mauritania
01 Dezember 2008 - 3:45PM
Marketwired
Petrolium Oil Alliance Inc. and its U.S. subsidiary PetrOil Inc.,
formerly CybeRecord, Inc. (PINKSHEETS: CYRD), have entered into
negotiations with the Islamic Republic of Mauritania in continuing
its plans of expansion within the African Continent.
Wadah Richad Kilani President of Petrolium Oil Alliance Inc. and
his corporate team of advisors attended high level meetings held on
Nov 4th 2008 with Minister Ba Houdou of the Ministry of Promotion
in Investments, Mr.Hamadi Ould Baba Ouild Hamadi the Charge de
Mission and other Ministry officials. That afternoon meetings
continued at the Ministry of Petroleum and Energy with Minister
Mohamed Salem Boidaha and Mr. Cheikhna Ould Ahmed Ould Elyass the
Le Secretaire General. At this meeting various forms of Petrolium
Oil Alliance Inc. participation were discussed and existing plotted
sites were analyzed with the Geology Division of the Ministere de
L'Industry et des Mines.
After finding many points of common interest negotiations
resumed on Nov 5th 2008 at the Societe Mauritanienne des
Hydrocarbures, the government owned oil company known as SMH with
General Manager Former Minister Mohamed Ould Bahiya, Director
General Adjoint Mr. Tourad Ould Abdel Baghi and Financial Director
Chiek Mahamed Elhafed Ould Tolba. After hours of deliberation a
decision was made that it would be beneficial in establishing a
Joint Venture between Societe Mauritanienne des Hydrocarbures and
Petrolium Oil Alliance Inc. in the fields of on shore and off shore
drilling for oil and natural resources as well as other strategic
ventures. This was reflected and signed by both parties in the
Meeting Protocol.
Petrolium Oil Alliance Inc. congratulates its President Wadah
Richad Kilani on his appointment as Honorary Council of The Islamic
Republic of Mauritania.
The Islamic Republic of Mauritania is located in Western Africa.
Mauritania's oil and gas natural reserves are being developed both
on shore and offshore for commercialization by large multi national
corporations. Mauritania also is proving and developing the
county's Gold, Platinum, Diamond and Titanium reserves for
commercial ventures.
Petrolium Oil Alliance Inc. is an IBC with its representation
office in Dubai, U.A.E. specializing in oil distribution and other
related petroleum, gas and energy industries.
Legal Notice Regarding Forward-Looking Statements:
The above news release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995These statements are based on assumptions that management
believes are reasonable based on currently available information,
and include statements regarding the intent, belief or current
expectations of the Company and its management. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performances, and are subject to a
wide range of business risks, external factors and uncertainties.
Actual results may differ materially from those indicated by such
forward-looking statements. The Company assumes no obligation to
update the information contained in this press release, whether as
a result of new information, future events, or otherwise.
CONTACT: Petrolium Oil Alliance, Inc. Marcel Diab Administrative
Services Tel: +971 4 509 6717
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