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Posted On: 08/29/2018 3:59:51 PM
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NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Sees Great Market Potential for Heavy Oil Product
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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