- Development of blockchain-based, supply chain management platform for oil and gas industry continues under PetroBLOQ banner
- Key markets identified for expansion plans include Russia, Ukraine and Switzerland
- Russian oil production reached 30-year high of 10.98 million barrels per day in 2017, making Russian oil and gas companies ideal candidates for PetroBLOQ technology
- Petroteq’s patent-protected clean technology for extraction of oil from sands and shale bolsters world’s green energy goals
Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), focused on the development and implementation of proprietary, environmentally-friendly heavy oil extraction technologies for the energy industry, intends to expand its footprint by opening PetroBLOQ marketing offices in several key strategic locations around the globe. PetroBLOQ is the company’s advanced blockchain initiative aimed at solving the global supply chain and transaction management challenges facing the oil and gas industry.
PetroBLOQ, which recently joined the Enterprise Ethereum Alliance, the world’s largest open-source blockchain initiative with over 200 members, is currently under development. A May 9 news release shows the company’s level of commitment through the opening of its…
More from NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
New York, New York