Ukraine's Kherson refinery with Cayman Id co in joint venture

Feb 19, 1997 01:00 AM

Ukraine's Anti-Monopoly Committee has allowed the Kherson oil refinery and an unknown Cayman Island-registered company called Producting and Trading to form a joint venture, a committee statement said."Permission is granted to create the closed joint-venture, called Kreking, to manufacture light oil products," it said.No details were given about the foreign company or how much it was buying in AO Kherson Naftopererobka, which is capable of refining 8.4 mmt of oil annually.

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