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The court seized of the CEC of the Odessa refinery is expected to re-privatization

District court of Odessa adopted the decision on the special confiscation of the integral property complex (CEC) Odessa refinery (refinery) owned by the group “VETEK” Sergey Kurchenko, reported the General Prosecutor of Ukraine Yury Lutsenko on the page in Facebook.

“Under the deal with the consequence of the district court of Odessa sentenced on special confiscation CEC Odessa refinery as a weapon of crime a criminal organization Kurchenko. The plant became the property of the state represented by the Cabinet of Ministers,” wrote the attorney General.

“Hope for a quick and transparent auction for the privatization,” – said Yuri Lutsenko.

He thanked the team of the Prosecutor of Odessa region Oleg Zhuchenko and judges of the Suvorovsky district court.

As reported, the Russian company LUKOIL has acquired shares of JSC “Odessa oil refinery” for 25,95% non-profit contests in 1999 to 27.27 per million, and then increased its stake to 97% .

The design capacity for the processing of raw materials amounts to 2.8 million tonnes per year. In August 2005 the Odessa refinery was shut down for reconstruction and resumed only in April 2008, but then was again halted in October 2010 due to the economic situation in the oil market in Ukraine, as well as changes in the supply of oil.

In 2013 the Odessa oil refinery from LUKOIL bought group “VETEK” Sergey Kurchenko, who is wanted by Ukrainian law enforcement officers. Later it was reported the transfer of “VETEK” enterprise in pledge of JSC “Bank VTB” (Russia). Normal operation of the enterprise and has not been restored, it is currently idle.

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