NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Announces Entry into Blockchain-based Co-Development Agreement

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of environmentally friendly heavy oil processing and extraction technologies, this morning announced its entry into a co-development agreement with First Bitcoin Capital Corp. (OTC: BITCF) through which the companies intend to develop a new supply chain management platform, based on advanced blockchain technology, to be used in the global oil and gas industry. “As a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils, we understand the importance of developing new technologies, especially blockchain-based innovations, to help companies in our industry to get competitive advantage and cost efficiency,” Alex Blyumkin, CEO of Petroteq, stated in the news release. Per the agreement, Petroteq and First Bitcoin Capital will share industry experience and financial and technological resources with the goal of developing and operating an enterprise-grade, blockchain-based platform that will enable oil and gas companies globally to conduct transactions.

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