LAS VEGAS, NV–(Marketwired – February 15, 2018) – Vivakor Inc. (OTC PINK: VIVK) announced today that Vivakor Middle East, based in Doha, Qatar has been engaged by The Energy Resource Institute (TERI) to complete a remediation contract for Kuwait Oil Company (KOC).
Vivakor Middle East will provide advanced technological oil-separation resources to KOC through TERI. The project is located in Kuwait at the existing TERI contracted site. The materials processed at this site are from the Kuwait Environmental Remediation Program (KERP) project; a UN funded project for cleaning up oil spilled due to the Iraqi invasion back in 1991. Most of the material to be processed by Vivakor will be weathered crude with significant oil content contained therein.
Garen Kolajian, General Manager of Vivakor Middle East, stated, “This is a significant opportunity for Vivakor Middle East as we are able to provide a solution to a serious problem that has, until now been un-solvable. We look forward to providing confidence to the Gulf Coast region and the rest of the globe that our proprietary technology can have a significant effect on our lives and restore beauty back into the world. Ultimately, this enables the Kuwaiti’s to put this dark history that has impacted so many to rest.”
Vivakor Chairman and CEO Matt Nicosia said, “The relationship with Dr. Khalid in the Middle East is a very important focus for the Company with the positive impact of our technology. We look forward to working with TERI and the enormous task of solving these complex issues within the region.”
Vivakor is an asset acquisition company that procures, develops and commercializes revenue producing assets across the globe. These holdings include intellectual properties that are proprietary and largely disruptive while centered principally in the natural resources sector.
ABOUT VIVAKOR, INC.
For more information please visit www.vivakor.com.
This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor’s filings with the Securities and Exchange Commission, which factors may be incorporated herein by reference. Forward-looking statements may be identified but not limited by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” or “continue” and variations or similar expressions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Contact: Vivakor Investor Relations