Genoil IncOOTC GNOLF Stock Report

Genoil, Inc. engages in the development of technologies relating to the oil and gas industry. The company is headquartered in New York City, New York. The company went IPO on 2001-07-11. The firm specializes in heavy-to-light oil technology, oil field development and exploration and production, as well as other energy infrastructure development. The company is a provider of hydro conversion fixed-bed technology for the upstream and downstream oil and gas industry. The company 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. The Company’s 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 firm markets its technology mainly to customers in the Middle East, Russia and China.