Urals Energy voices 'renewed optimism' in corporate development

Urals Energy Chairman Andrew Shrager on Thursday said the company has entered the year with 'renewed optimism' after resolving its legacy issues.

Urals Energy Chairman Andrew Shrager on Thursday said the company has entered the year with 'renewed optimism' after resolving its legacy issues.

The Russian exploration and production company paid off a majority of its loan from Petraco Oil Company, leaving $3.0m in interest outstanding. The final sum is expect to be paid before the end of the year.

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