- 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…
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