Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) believes the
strategic placement of its Asphalt Ridge Facility could prove advantageous for
the company’s heavy oil product. A recent article discussing the company reads:
“Petroteq believes that its heavy oil product has promising market potential,
as the company’s Asphalt Ridge Facility is located in close proximity to major
oil refineries in Utah. The company anticipates pricing to closely track that
of West Texas Intermediate, as refiners are already accustomed to purchasing
and using Utah heavy oil as part of their refining mixes. … As Petroteq
progresses in its operational activities, primary aspects of the company’s
operations and proprietary solvent processes are being reviewed and vetted by
company president and Director Dr. Jerry Bailey, and by company CTO Vladimir
Podlipskiy. A great deal of new equipment has been added to the enhanced Asphalt
Ridge facility, and the company is finding opportunities to refine its
techniques for more efficient production.”
To view the full article, visit http://ibn.fm/ZNmtk
About Petroteq Energy Inc.
Petroteq is a fully integrated oil and gas company focused
on the development and implementation of a new proprietary technology for oil
extraction. The company has an environmentally safe and sustainable technology
for the extraction of heavy oils from oil sands, oil shale deposits and shallow
oil deposits. Petroteq is engaged in the development and implementation of its
patented environmentally friendly heavy oil processing and extraction
technologies. Petroteq’s proprietary process produces zero greenhouse gas, zero
waste and requires no high temperatures. Petroteq is currently focused on
developing its oil sands resources and expanding production capacity at its
Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The
company also owns a minority stake in an exploration and production play
located in southwest Texas held by Accord GR Energy Inc. In addition, the
company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to
develop the first blockchain based platform created exclusively for the supply
chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com
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