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Alliance to invest $500 mln to upgrade Ukraine’s No. 3 oil refinery
Journal Staff Report

KIEV, March 2 - Russia’s Alliance Oil Company, which manages Ukraine's third largest oil refinery Kherson NaftoPererobka, plans to invest $500 million to upgrade the refinery within the next five years and to increase exports to Europe.

Petro Miroshnikov, the president of Alliance-Ukraine Oil Company, Alliance Oil's subsidiary, said the modernization will create the most advanced oil refinery in Ukraine.




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