The VETEK group may transfer the assets of the PJSC Odessa Petroleum Refinery to the Odessa Petroleum Refinery LLC, the Interfax-Ukraine news agency reports, citing the PJSC.
The shareholders of the refinery approved conclusion of such a deal at a meeting on October 7. Odessa Petroleum Refinery LLC will have the right to sublease the assets of the refinery subsequently.
According to the decision of the shareholders of PJSC Odessa Petroleum Refinery, a deal with Odessa Petroleum Refinery LLC may be concluded within a year, and the maximum value of the agreement is USD 92 million.
As reported, the VETEK group owns PJSC Odessa Petroleum Refinery through its subsidiary Empson Ltd (Cyprus). The refinery recently resumed production and sale of petroleum products. The refinery’s design crude-oil refining capacity is 2.8 million tons per year.
VETEK specializes in selling liquefied gas, natural gas, and petroleum products. It operates around 150 gasoline filling stations in Ukraine and sells liquefied gas through 30 of its own and 50 partner LPG filling stations in Ukraine and 170 of its own LPG filling stations in Germany (operating under the Sparschwein brand).