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LUKOIL Won’t Construct Refinery in Turkey
LUKOIL has abandoned the plans to take part in refinery’s construction in Turkey. Instead, it will extend the capacity of its Burgas plant in Bulgaria, LUKOIL President Vagit Alekperov told the reporters, ITAR-TASS reported.
LUKOIL intended to construct a refinery in Zonguldak port of the Black Sea, Turkey, and was to invest $2 billion to $2.5 billion in it. The annual capacity of the facility was estimated at 8 million tons to 10 million tons of crude oil.
Alekperov said LUKOIL counts on collecting by June all antimonopoly sanctions for Europe’s chain of filling stations that it bought from the U.S. Conoco.
The buyout of Conoco’s stake in Czechia’s refinery (belongs to Ceska Rafineska) is still deliberated, as today’s holders of the enterprise may use their right of first refusal for the 16-percent ownership of the U.S. company, PRIME-TASS reported.
On February 21, 2007, the European Commission sanctioned LUKOIL’s acquisition of a filling station chain from the U.S. ConocoPhillips. The deal budget exceeds $400 million. The chain includes 380 filling stations operating under the Jet brand in Belgium, Czechia, Finland, Luxembourg, Poland, Hungary and Slovakia.
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