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Genoil Inc GNOLF

Genoil Inc. is technology-based company engaged in the development of technologies relating to the oil and gas industry. The Company specializes in heavy-to-light oil technology, oil field development and exploration and production. It is a provider of hydro conversion fixed-bed technology for the upstream and downstream oil and gas industry. It is also working with Chinese policy banks and Chinese companies to provide, project financing, drilling, production, and processing services to the oil and gas industry. Its technology consists of Genoil Hydroconversion Upgrader (GHU), which converts sour (high sulfur), heavy hydrocarbon feed stocks into lighter oil with higher quality distillates for conventional refining. The Company is also engaged in other technologies, such as oil upgrading and recycling, water purification port technologies, well testing, and sand cleaning. The Company markets its technology to customers in the Middle East, Russia and China.


OTCPK:GNOLF - Post by User

Bullboard Posts
Post by peterap2001on Oct 14, 2010 11:12am
584 Views
Post# 17563915

Zirku Island

Zirku IslandOne can hope it was delayed for Genoil Emirates to officially be setup...


https://www.steelguru.com/middle_east_news/Zirku_pipeline_submission_deadline_postponed/168875.html

Abu Dhabi’s Zakum Development Company has delayed to October 15 the deadline for commercial submissions for an estimated USD 60 million deal to upgrade its oily water treatment and disposal facilities at Zirku Island.

Bids were due to be submitted on September 30 but Zadco informed bidders that it was pushing back the deadline by 15 days. The company did not give a reason for the delay.

Zadco, a subsidiary of state energy firm Abu Dhabi National Oil Company, uses Zirku as its main base of operations. The island is located 140 kilometers northwest of Abu Dhabi.

Technical proposals were submitted on August 23 with 6 international and local contractors prequalified to bid on the project. The engineering, procurement and construction contract for the first part of the deal was tendered by Zadco on 14 July covering the construction of a new 12 inch pipeline to replace the existing transit route.

The company plans to tender the second part of the project in mid 2011. Details of this part of the scheme are not yet known. The project is part of Zadco’s wider plans to upgrade the facilities and increase crude oil handling capacity to 750,000 barrels per day from the current 550,000 barrels per day.
Bullboard Posts