Genoil Inc GNOLF

Energy Oil & Gas Equipment & Services

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

Genoil Inc

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Post by redleg1on Feb 23, 2017 12:24pm

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Post# 25883561

ummm... might get some movement now

$50 billion USD Letter of Intent In November 2016 Genoil signed a $50 billion LOI with Grozneft to develop upstream and downstream energy projects in Chechnya and Russia. Since the signing of this Russian LOI, Genoil has received inquiries from Halliburton, Wood Mackenzie & Chicago Bridge and Iron. Halliburton wrote Genoil interested in potentially licensing Genoil's technology and or a participating in a joint research & development collaboration.

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