Gulf Oil and Gas accountACCOUNT

Urals Energy Receipt of tanker payment and discharge of Petraco loan

Source: www.gulfoilandgas.com 11/26/2014, Location: Asia

The Board of Urals Energy, the independent exploration and production company with operations in Russia, has received the payment from Petraco Oil Company Limited following its recent tanker shipment.

Following receipt of the Tanker Payment, Urals Energy has also repaid $3.9 million plus interest representing the full amount drawn under the short-term loan from Petraco, further details of which were announced on 6 June 2014.

Andrew Shrager, Chairman, commented:

“We are pleased to be able to announce receipt of the Tanker Payment and the repayment of the short-term loan from Petraco, the result of which is that Urals Energy is now debt free. We look forward to updating shareholders on progress in securing an agreement to settle litigation with Mr V Rovneiko and our operational plans for 2015 over the coming weeks.”

For more information about related Opportunities and Key Players visit Caspian Region Projects

Tankers News in Russia >>

Brazil >>  2/25/2021 - Brazilian national oil company Petrobras has contracted AqualisBraemar with DP acceptance and annual trials for their DP shuttle tanker fleet operatin...
Russia >>  2/17/2021 - Sales of high-tech premium binders at Gazpromneft-Bitumen Materials (operator of the Gazprom Neft bitumens business) were up 32% in 2020, reaching mor...

France >>  2/15/2021 - GTT has obtained two Approvals in Principle (AiP) from Bureau Veritas, a world leader in testing, inspection and certification. ...
Italy >>  2/12/2021 - RINA, a leading global classification society, and the Shanghai Merchant Ship Design & Research Institute (SDARI) have signed a Joint Development Proj...

Cyprus >>  2/11/2021 - Castor Maritime Inc. (CTRM), (“Castor”), a diversified global shipping company, announces that it has entered, through two separate wholly-owned subsi...
China >>  2/5/2021 - The first ship of the 210,000-ton bulk carrier series "Trust Qingdao" built by the company for ICBC Leasing was signed and delivered. Yang Weicong, Se...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.