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Urals Energy Says Annual Tanker Shipment From Arcticneft Successful

1st Sep 2015 09:10

LONDON (Alliance News) - Russia-focused oil company Urals Energy PCL on Tuesday said its planned annual tanker shipment for export from the Arcticneft site on Kolguyev Island was completed successfully.

Urals said the tanker has left Kolguyev Island with 27,504 tons of crude oil on board, the equivalent of 217,282 barrels.

The company added it expects to pay the USD6.0 million it owes Petraco Oil Co Ltd in coming weeks, adding that repayment was linked to the success of the shipment.

Shares in Urals were untraded Tuesday, having last traded at 2.70 pence.

By Sam Unsted; [email protected]; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.


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