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Lukoil shuts down Ukrainian oil refinery
Journal Staff Report

KIEV, July 26 – Lukoil, Russia’s largest oil company, shut down its Ukrainian oil refinery in Odessa on Tuesday for three years to implement a major overhaul that will cost $320 million, the company said.

Lukoil plans to upgrade the refinery so that it can produce more high quality gasoline meeting stricter environmental standards, a project that could lead to increased gasoline exports to Europe.




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