Ravn estimates that a liquidation would raise no more than $41 million. That would not be enough to pay the claims of the unsecured creditors, which include Anchorage-based Petro Star, GCI and Northern Air Cargo.
"Petro Star"
Anchorage Assembly weighs options for $1.9B Port of Alaska project
Anchorage Assembly members are considering whether to spend $100,000 to hire an independent analyst to monitor an ongoing modernization project at the Port of Alaska.
Legislature considers new contract to sell royalty oil
With declining flow rates on the Trans-Alaska Pipeline, state talks shorter contracts to sell royalty oil
Interior Energy Project loses GVEA business to Petro Star
Golden Valley Electric Association is favoring oil over natural gas to fuel large generators in North Pole. The move reduces the utility’s role as an anchor tenant for the state-backed Interior Energy Project.
State House OKs refinery subsidy plan
The Alaska State House has a approved a deal to give the state’s refineries – and one fertilizer plant — up to $200 million in subsidies.
Legislature considers $150m to help oil refineries
A bill crafted by the Administration would prop up Alaska’s three remaining oil refineries with $150 million in state funds.