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Genoil Inc., the publicly traded clean technology engineering company for the petroleum industry, has announced the appointment of Raushan Telyashev as Vice President of Genoil Middle East.

Prior to joining Genoil, Telyashev worked at Lukoil where he was Deputy Head of the Department of Construction, in charge of the execution of projects, and General Director of their Design and Research Institute. He was also manager of the petrochemical group of Shell companies. Most recently, he has been General Director of LLC 'Energy and Engineering'.

Telyashev is also the published author of many scientific and technical articles and patents, as well as a member of a number of committees and councils, including the Skolkovo Scientific and Technical Council of the Russian Federation's governmental industry development fund. In 2016, he was honoured with the certificate of appreciation from the Deputy Head of the Energy Council of the Parliament of the Republic of Iraq.

Telyashev joins Genoil as the company expands and develops its operations in key strategic locations, including Russia and the Middle East. In April 2016, Genoil announced, in conjunction with consortium partner Beijing Petrochemical Engineering Co Ltd (BPEC), the receipt of a $5 billion letter of intent (LOI) for the funding of a 500,000-barrel-per-day (bpd) desulphurization and upgrading project located in the Middle East.

Genoil's proprietary technology is the Genoil Hydroconversion Upgrader (GHU), an advanced upgrading and desulphurization technology, which converts heavy or sour crude oil into more valuable low-sulphur fuel.

According to Genoil, its innovation improves upon the existing data-verified, fixed-bed reactor technology, which is currently used in nearly 85 percent of the world's reactors.

Genoil says its technology can help further desulphurise fuel in order to be compliant with global 2020 legislation. Furthermore, it is said to significantly increase the desulphurisation, demetalisation and denitrogenisation conversion rates, and increase operating efficiencies by 75 percent.

Bruce Abbott, COO of Genoil, said: "The Middle East is naturally a critical market for Genoil, which is currently experiencing significant transformation on the back of volatile crude markets, and the demand for cleaner products within the fuel supply chain. Mr. Telyashev is hugely respected and has a wealth of experience, in conjunction with a detailed knowledge of our proprietary technology and the current market conditions. He is therefore perfectly placed to develop our business position in the region."

Telyashev will be based in the Middle East & Russia.