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Battle over Karpatnaftokhim intensifies after court ruling
Journal Staff Report

KIEV, Aug. 10 – The battle for control over Karpatnaftokhim Ltd, Ukraine’s largest petrochemical company, intensified after a local economic court in Ivano-Frankivsk ruled against Lukoil, the Russian company that owns majority of shares.

The lawsuit was filed by Oriana, Lukoil’s state-owned Ukrainian partner, whose shareholding in the petrochemical giant had declined significantly after a controversial transaction.




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