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Petrolympic's CEO comments on the Quebec budget and the way forward


Published Apr 6, 2015
Petrolympic Ltd.-4

Mendel Ekstein, Petrolympic Ltd. President and CEO, says, 'I am proud to provide Petrolympic shareholders with a brief summary of the exciting events and opportunities that have presented themselves over the last few months.

First off, I am happy to report that the new 2015-16 'Leitao Budget' for Quebec recognizes that locally produced hydrocarbons are a critical component of Quebec's economic development.

In particular, the Budget puts forth that the development of the gas potential in the Gaspé Peninsula will be a jobs and wealth creating engine for the region, and will also benefit the Cote-Nord and the Magdalen Islands. In an effort to make the gas readily available to these regions, the Budget includes provisions for incentives and subsidies to extend the pipeline infrastructure and to develop liquefied natural gas facilities.

Tags: Petrolympic Ltd.




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