ST. PETERSBURG, Russia, May 18 (UPI) -- Russia's largest shipping company, Sovcomflot, will pay St. Petersburg's Admiralty Shipyards $260 million for two new Arctic oil tankers.
Each 70,000-metric-ton vessel will carry crude oil from Prirazlomnoye field in the Barents Sea, which has estimated reserves of about 600 million barrels, MosNews said Thursday.
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Admiralty is a state-run company.