Brightoil concedes $1.9bn total debts
Chinese oil and gas player also admits that all of its five VLCCs and six bunker barges have been detained, while its bunkering business has reduced significantly in volume
It has made an application to the High Court of Singapore for a moratorium restraining legal action or proceedings against it, in order to facilitate a possible workout programme
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792