A Process for hydroconverting of a heavy hydrocarbonaceous feedstock comprising a catalyst to produce lower boiling hydrocarbon products. The method can be used for the high- boiling point residues of oil refining (asphaltene, the residues of vacuum and under pressure distillation of oil, and the useless and heavy materials of thermo catalytic processes), heavy oil, natural bitumen, and bitumen-containing sands. It can also be used in oil refinery industries for the production of gas, gasoline fractions, distillation gas oil, concentrate of ash containing metals and chemical fertilizers.