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Court backs Lukoil petrochemical unit in Ukraine, averts shutdown
Journal Staff Report

KIEV, Nov. 21 - Ukraine’s largest petrochemical company, Lukor, owned by Russian oil major Lukoil, averted a possible shutdown after a court had backed the company in an ownership dispute with the government, the company said Monday.

The Ivano-Frankivsk regional court ruled that last year’s transaction, after which Lukoil had increased its stake to more than 76% from 52%, was in line with Ukrainian laws, Lukor said.




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