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TNK-BP’s Ukrainian oil refinery may soon shut operation on losses
Journal Staff Report

KIEV, Jan. 30 – TNK-BP, a Russian oil major, warned Monday it may shut its Ukrainian oil refinery within weeks amid complains it had been struggling to compete with cheap gasoline imports amid high oil prices.

The shutdown of Linos, Ukraine’s second largest oil refinery by capacity, may put upward pressure on domestic gasoline prices and would be particularly ill-timed as demand is set to accelerate.




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