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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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Comment by Ed2424on Dec 10, 2018 11:26am
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Post# 29091663

RE:Could this benefit genoil?

RE:Could this benefit genoil?"Oil production this year is poised to fall 88 percent from 2004 levels due to aging fields and wasteful spending. Pemex doesn’t even pump enough light crude to feed its six refineries, half of which aren’t equipped to process heavier grades. As a result, Pemex this year started buying U.S. crude for the first time, and most of the gasoline it sells in service stations is imported."
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