Genoil to develop 1.8 Bbbl of reserves in Sakha Republic, Russia

Genoil (GNOLF) has signed an agreement to develop five oil and gas fields in the Sakha Republic (Yakutia), Russia, with recoverable reserves of 1.8 Bbbl. The scale of the project will require $35 billion, with the first phase costing $6 billion, representing a landmark agreement for Genoil. More »