Genoil Inc.

Canadian Genoil and Grozneft signed an agreement of intent on projects for extraction and processing of oil in Russia, particularly, in Chechnya, to the amount of up to $50 bln. This information is provided in the press release of Genoil. The company intends to invest this amount in the development of infrastructure in Russian oil fields, a representative of the company told Vedomosti. For the start, Genoil chose Chechnya where it intends to invest up to $15 bln.

11 November 2016
Vedomosti
Investor
Chechen Republic

Investor profile

Genoil Inc.

Canada

Company's website: genoil.ca

T: +1-587-4000249

Public Company

Contact: David K. Lifschultz, Chairman of the Board of Directors, CEO

Genoil was founded in 1998. The company develops solutions in the oil and gas industry.