Kazakhstan-based offshore vessel supplier Circle Maritime Invest has secured a 6-year loan of $14m from the European Bank for Reconstruction and Development to partly finance the acquisition of two anchor handling tug supply vessels.
The two vessels will be chartered by Dragon Oil Turkmenistan 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.
Circle Maritime Invest mainly provides transportation and logistics services to oil and gas companies engaged in oil development projects in Kazakhstan. Through its operating company, Caspian Offshore Construction, Circle currently operates a fleet of 15 vessels including 9 self-owned and 6 under management.
