Las Vegas, NV -- (SBWIRE) -- 12/09/2013 -- Ivanhoe Energy Inc. (USA) (NASDAQ:IVAN) announced that it extracted heavy crude oil from Ecopetrol's San Fernando T2. The company effectively upgraded this oil from high viscosity 8 to a low viscosity 15.
IVAN says that its partial upgrading process is helpful in crude oil up gradation. The company says that Ecopetrol is biggest company in Colombia and is the part of principal petroleum companies of IVAN.
Ivanhoe Energy Inc. is an oil development and production organization working worldwide independently. Besides current sites of operations in China, Canada, Ecuador and Mongolia, the company seeks other business development opportunities as well. Company has entered and agreement for sale and purchase of shares with MIE Holdings Corporation. This will help Ivanhoe in financial structure handling of Pan-China Resources Ltd., a wholly owned subsidiary.
To find out what OTCMAGIC projects for Ivanhoe Energy Inc. (USA) for both short term and long term please click here: IVAN
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