ASRC Snapshot
The Inupiat people have survived the rigors of the Arctic for centuries, and now they're surviving in the business world. The Inupiat-owned Arctic Slope Regional Corporation (ASRC) was set up to own and manage 5 million acres on Alaska's North Slope after the Alaska Native Claims Settlement Act in 1971 cleared the way for oil development in the area. ASRC gets the bulk of its of sales from its energy services subsidiary (ASRC Energy Services) and its petroleum refining and marketing unit (Petro Star). Other operations include construction, engineering, and governmental services.
