Petroteq Energy, Inc. engages in the development and implementation of oil processing and extraction technologies. It operates through the following segments: Oil Extraction and Processing and Mining Operations. The Oil Extraction and Processing Operations segment engages in commercial production and sale of hydrocarbon products. The Mining Operations segment involves in mining and extracting tar sands. The company was founded by Aleksandr Blyumkin on January 4, 2008 and is headquartered in Sherman Oaks, CA.