USA (212) 688-8868 sales@genoil.net

GENOIL AND AQUAMATION ANNOUNCE SITE PREPARATION AND TRANSPORT OF MAJOR EQUIPMENT FOR ABEOKUTA AND GEREGU (2008-01-31)

GENOIL AND AQUAMATION ANNOUNCE SITE PREPARATION AND TRANSPORT OF MAJOR EQUIPMENT FOR ABEOKUTA AND GEREGU
2008-01-31

 

Companies working to complete two Nigerian Gas Company

 

Natural Gas Metering Facilities for Zakhem Construction – Nigeria

Calgary, Alberta, Canada — January 31st, 2008 — Genoil Inc. (TSX.V: GNO; OTCBB: GNOLF) and Aquamation Inc. announced today that site work at the Abeokuta Gas Metering Plants in Nigeria is underway and gas plant equipment is being installed. The plant is expected to be commissioned in 60 to 90 days.

Abeokuta Gas Metering Plants, Nigeria, January 2008.

Further major equipment for the Geregu Gas Metering Plant has been engineered, fabricated and shipped from Houston to Lagos, Nigeria. Both projects are underway for the Nigerian Gas Company (a wholly owned subsidiary of Nigerian National Petroleum Company) and on behalf of Zakhem Construction – Nigeria. Aquamation and Genoil are performing these projects under the previously announced Joint Operating Agreement between the companies.

Geregu Pressure Reduction and Metering Skids being shipped to Nigeria, Houston, December 2007.

Genoil’s Chief Operating Officer, James Runyan, said: “Both Genoil and Aquamation are working as a team to successfully deliver these projects and develop additional projects on which we will collaborate. We believe our relationship with Aquamation will help drive growth and revenues.”
 
Aquamation Chief Operating Officer, Anthony Lewis said, “Our successful collaboration on these projects should allow us to jointly tackle a growing pipeline of prospective projects.”
 
About Aquamation
Aquamation, Inc. was founded in 1998 and is an engineering company & global supplier of process plants and industrial water treatment solutions to the petrochemical and oil & gas industries. Aquamation has provided these plants to major customers including international and national oil companies operating in Indonesia, Malaysia, Saudi Arabia, China, Taiwan, Nigeria and the United States.
 
About Genoil
Genoil is an international engineering technology development company based in Alberta, Canada that develops innovative hydrocarbon, oil and water separation and marine technologies for the oil and gas and commercial marine industries.
About Zakhem Construction
Zakhem Construction – Nigeria is part of the Zakhem Group, a large contracting company whose core business is the construction of Oil and Gas related projects throughout Africa and the Middle East. With over forty years experience in the region Zakhem has proved to be highly adept at meeting the challenging needs that are required by the growth of the economies in the region.
 
CONTACT: Genoil Inc.
James Runyan, Chief Operating Officer & Executive Vice President
Phone:  (780) 416-5590
 

CONTACT: Aquamation Inc.
Anthony Lewis,  Chief Operating Officer

Phone: (713) 914-9300

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