NetworkNewsWire Announces Publication Featuring Blockchain's Value to the Oil & Gas Industry

New York, New York--(Newsfile Corp. - November 20, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Petroteq Energy, Inc. (TSXV: PQE) (OTCQX: PQEFF) (FSE: MW4A), a Canadian-registered, publicly traded company engaged in the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits.

The publication, titled, "Can Blockchain Technology Revolutionize the Global Oil & Gas Industry Supply Chain?," notes the advantages of using blockchain to reduce supply chain management problems, particularly in the energy production industry.

To view the full publication, visit: https://www.networknewswire.com/can-blockchain-technology-revolutionize-global-oil-gas-industry-supply-chain/

"Bitcoin is the most well-known user of blockchain technology, but this is only one of many uses. Blockchain technology is particularly compelling when it comes to the industries that trade in huge economies of scale coupled with an extremely complex web of suppliers, shippers and contractors. According to a recent Deloitte industry report titled, 'Blockchain: Overview of the Potential Applications for the Oil and Gas Markets and the Related Taxation,' (http://nnw.fm/X2wEn), the potential uses for blockchain are growing and could have significant implications for those energy exploration industries.

"On November 6, Petroteq Energy and First Bitcoin Capital Corp. announced a co-development agreement to create a new supply chain management platform based on blockchain technology that is specifically geared for the oil and gas industry (http://nnw.fm/l3hJ4). Appropriately, Petroteq has launched a new website dedicated to the joint venture - https://petrobloq.com/ - where problems facing the oil and gas industry are outlined and corresponding solutions are offered."

About Petroteq Energy Inc.

Petroteq Energy Inc. is a Canadian-registered holding company, publicly trading on the TSX Venture Exchange (PQE) and the OTCQX trading platform (PQEFF). Its offices are located in Toronto, Ontario, Canada and Los Angeles, California, with its initial plant location in Vernal, Utah. Petroteq is focused on value creation through the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits.

For more information about Petroteq Energy Inc. visit: https://petroteq.energy/. For more on Petrobloq visit: https://petrobloq.com/

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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.

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Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

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NetworkNewsWire (NNW)
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