UPDATE 1-Urals clears Sberbank debt, divests oilfield stake

* Clears remaining portion of $500 mln debt

* Divests 35.3 pct stake in Taas Yuriakh deposit

* Seeks resumption of trading on AIM by year-end

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MOSCOW, Nov 19 (Reuters) - Russia's Urals Energy (UEN.L) has cleared the remaining portion of a $500 million debt to state-run Sberbank (SBER03.MM) by divesting a 35.3 percent stake in an East Siberian oilfield, the company said on Thursday.

Mid-sized oil firm Urals will seek the resumption of trading in its shares on London's Alternative Investment Market (AIM) by the end of the year after transferring the stake in the Tass Yuriakh deposit to Sberbank, Russia's biggest lender.

Urals Energy had previously agreed to divest its stakes in Tass Yuriakh and another key asset, Dulisma, in order to fulfil its obligations to Sberbank on loans totalling $630 million. The assets, secured in 2007, were used as collateral on the loans.

"With all of the Sberbank debt now cleared, Urals can return to focus on delivering shareholder growth via our two producing oil assets," said Alexei Maximov, who was this month appointed chief executive of Urals.

Urals Energy produces oil at its Arcticneft unit on an island in the Barents Sea, and at its Petrosakh unit on the Pacific island of Sakhalin, the company says on its website, www.uralsenergy.com. (Writing by Robin Paxton; editing by Simon Jessop)