IRVINE, Calif., April 5, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, that markets natural gas, petroleum and coal, is in advanced negotiations for an agreement with a company in China to sell them large quantities of high thermal steam coal for electric power production. The agreement is expected to have provisions to expand the sales of coal from $108 to $270 million annually based on their growing demand.
Universal Bioenergy In Advanced Negotiations For Major Agreement To Export Coal To China
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