Foret has embarked on an ambitious endeavor. The company has completed negotiations and participated in the acquisition of a 2000 HP Oil Rig by Drillog Petro-Dynamics (DPD). The company is a registered vendor with the State of Texas and the United States Defense Logistic Agency and regularly participates in the bidding process to supply various agencies, including Texas Department of Transportation (TDoT), Texas Department of Criminal Justice (TDCJ) and the USPFO for Texas with refined petroleum products. Foret’s petroleum terminal access enables the company to supply products on a daily basis with very short notice from customers. In addition to trucks and pipeline, Foret is positioned to transport petroleum products by barge, rail and tankers.
Foret Global recognized that the major constraint to the free flow of refined petroleum product is FINANCE. In telegraphing such anticipations, the company is entertaining discussions with private equity groups, the US Export/Import Bank and other financial institutions. Also, Foret Global Energy is fostering strategic alliances and Joint Ventures with well-established and financially sound industry players to enable unhindered payments to suppliers