New York, NY (1888PressRelease)
July 11, 2008 - Stockhouse reports that SulphCo, Inc. (Amex: SUF) announced today that it has entered into an exclusive distribution agreement with Amira Group Company LLC ("Amira") granting Amira an exclusive distributorship in certain regions of the Middle East and North Africa.
Amira currently boasts relationships with a number of the world's top 1000 corporations and has over 75 strategic joint ventures with leading U.S. and European Union based corporations for the Middle East and North Africa.
Petroleum producers have been looking for more use of heavy crude oil as a way to increase production. SulphCo has developed a patented Ultrasound process which is safe, environmentally friendly and designed to upgrade sour heavy crude oils into sweeter, lighter crude oils, producing more gallons of usable oil per barrel.
SUF is an interesting oil service play in an era of tight supply coupled with high demand.
As of this report SUF is up over 19 percent with 800 thousand shares trading.
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