Kazakhstan Fleet Supplier Gets Loan For 2 New Charters

Kazakhstan Fleet Supplier Gets Loan For 2 New Charters

Circle Maritime Invest has been given a $14 million loan to buy new ships for progressing oilfield operations, the company repprted on July 31, 2017.

A Kazakhstan based offshore vessel supplier has been given the money to part-finance the $20 million acquisition of 2 offshore support vessel.

The anchor handling tug supply vessels which will be chartered by Dragon Oil Turkmenistan Ltd and be employed for the initial charter period in the Turkmenistan sector of the Caspian Sea in connection with the development of the Cheleken oilfield.

The financing has come from the European Bank for Reconstruction and Development.

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