- The United States’ foreign trade policy may affect heavy oil supplies as the country enforces sanctions against Venezuela and Iran
- Petroteq Energy is revolutionizing the production of heavy oil by using a patented surface fuel extraction process to lessen environmental impacts and investigative financial risks
- Petroteq is conducting its operations at a leased bituminous fuel site in eastern Utah with a goal of proving the capabilities of its technology
- The company began delivering oil to its regional market in November and is working to increase the amount of quality crude it produces to new benchmarks
Fuel industry technology developer Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is pioneering a surface oil extraction process that promises to revolutionize an industry galvanized by the domestic sourcing prowess of fracking drills, particularly as international trade policy concerns affect petroleum imports.
Shale fracking, or hydraulic fracturing, has provided the United States with an abundant homegrown source of fuel oils via an extraction process that involves injecting highly pressurized water and…
NOTE TO INVESTORS: The latest news and updates relating to PQEFF are available in the company’s newsroom at http://nnw.fm/PQEFF
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