Petro Star royalty oil contracts approvedDNR approval only needed for 1-year contract starting Jan. 1; legislative approval required for 4-year contract starting in 2018 TIM BRADNER For Petroleum News
The state has approved a sale of state royalty oil to in-state refiner Petro Star Inc. that will supply up to 23,500 barrels per day beginning Jan. 1 for the company’s two Alaska refineries.
Over five years the royalty oil sales to Petro Star will decline to an estimated 10,500 bpd, however, because....
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In kind or in value Two contracts
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