Another Stock Day Interviewhttps://finance.yahoo.com/news/genoil-inc-joins-stock-day-123000935.html
PHOENIX, AZ / ACCESSWIRE / July 18, 2019 / The Stock Day Podcast welcomed Genoil Inc. (OTC PINK: GNOLF) (“the Company”), an independent exploration and production company which has experience drilling for oil and gas in the Caribbean. CEO, David Lifschultz, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company’s recently signed contracts. Lifschultz explained that the Company recently reached an advisory agreement with Tuimadda-Neft, a leading oil and gas company in Russia. This company holds around 850 million tons of oil, and Genoil will be responsible for advising and helping to develop this project. Total estimated future production in Yakutia, Siberia, and Astrakhan is one million barrels a day.
For the Company’s Astrakhan project, an additional agreement has been reached with JSC PetroleumGas (AFB) for the Velikoye oil field. The Genoil banking partner in this project is nearly twice as large as JPMorgan Chase.
Jolly then asked about the Company’s $50 billion upgrading project in Saudi Arabia. Lifschultz shared that the upgrade will likely include drilling and the building of their pipelines and could come to fruition in the near future. He thinks it will be linked to the coming IPO of the two trillion-dollar Aramco.
Lifschultz also mentioned that the magnitude of these projects would be exceptional, however, the Company has also been in discussion with major commodity traders to provide an advantage through lower transportation costs. “We are in talks with one of the giant commodity traders and with the Chinese shipping lines.”, stated Lifschultz. Genoil is considering giving them exclusive access to the shipping industry.
Jolly then asked about new advancements with the oil industry of Mexico. Lifschultz shared that the Company has entered into an agreement with the Mexican Institute of Technology, which is viewed as a highly credible partnership for those in the oil and gas industry. Its endorsement of Genoil means a great deal to Pemex. Lifschultz also shared that the Company has also earned a new patent for its technology, which will help to reduce overall costs.
To hear David Lifschultz’s entire interview, follow the link to the podcast here:
https://audioboom.com/posts/7318962-genoil-inc-joins-the-stock-day-podcast-to-discuss-the-company-s-current-projects
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