Genoil USA : Signs MOU to Develop 180,000 to 240,000 Barrels Per Day of Upgrading Capacity in Iraq

NEW YORK, NEW YORK--(Marketwired - Jan 29, 2015) - Genoil Inc. (OTCBB:GNOLF) signed a Memorandum Of Understanding with the ALIS National Petroleum Investment LTD to develop six Genoil GHU Upgraders, each with a capacity between 30,000 - 40,000 barrels of oil per day to be built at different locations in Iraq.