Petroteq Energy, Inc. is a holding company, which engages in the development and implementation of proprietary oil sands mining. It specializes in oil production with ancillary offerings in mining, and sand remediation. It operates through the Oil Extraction and Mining Operations segments. The Oil Extraction segment focuses on the commencement of commercial production and will generate revenue from the sale of hydrocarbon products to third parties. The company was founded by Aleksandr Blyumkin on January 4, 2008 and is headquartered in Sherman Oaks, CA.