Genoil Signs Letter of Intent for $50 Billion of Work in Russia and Chechnya

Chinese banks will finance the 3.5 MMBOPD project with heavy oil upgraders Calgary-based Genoil Inc. (ticker: GNOLF), provider of upgrading technology for petroleum processing, has signed a letter of intent (LOI) for $50 billion worth of projects in Russia and Chechnya. The engineering company said it will develop oil fields and construct clean technology upgraders, refineries and pipelines in Russia … Continue reading Genoil Signs Letter of Intent for $50 Billion of Work in Russia and Chechnya