Another in a series of announcements for which there is NO FOLLOW-UP, FOLLOW THROUGH more than four years later.
"NEW YORK, NY / ACCESSWIRE / December 5, 2017 / Genoil (OTCQB: GNOLF), the publicly traded clean technology engineering company for the petroleum industry, has signed an agreement to develop five oil and gas fields in the Sakha Republic (Yakutia), Russia, with recoverable reserves of 1.8 billion barrels. The scale of the project will require $35B USD with the first phase costing $6B USD representing a landmark agreement for Genoil.
Genoil will provide technology and project consultancy, as well as advising on the finance and development of upstream and downstream projects in Yakutia. Genoil will act as the lead consultant on all aspects of the project which will include engineering procurement and construction (EPC), equity and debt financing, and oil field services, as well as oil field operations and natural gas development."