KIEV, Jan. 30 - Ukraine’s largest petrochemical company KarpatNaftoKhim may completely suspend operation in February due to a significant drop in ethylene sales on the European market, the company’s press service reported Wednesday.

KarpatNaftoKhim, based in Kalush in western regions of Ukraine, is majority owned by Lukoil-Neftekhim, a petrochemical arm of Russian oil major Lukoil.