Vetek completes deal to purchase Odessa refinery

Mon 8 Jul 2013, 08:16 GMT

Vetek completes deal to purchase Odessa refinery

Vetek acquires a stake of more than 99 percent in the Odessa refining plant.

Kiev-headquartered Vetek LLC has announced that it has closed a deal with Russian oil giant OAO Lukoil for the purchase of its Odessa oil refinery.

As a result of the transaction, Vetek says it has acquired a stake of more than 99 percent in the refinery.

In a statement, Evgeny Kalinin, Executive Director of Vetek, said that the Odessa oil refinery is in excellent condition and is in a good location.

“We are ready to work with large oil traders and we are now at the the final stage of very productive discussions with our partners," Kalinin commented.

According to Vetek, the newly-acquired business will form part of a closed loop for the production and supply of oil and petroleum products to end customers.

The company added that the Odessa plant would 'take its rightful place' in the Vetek company structure and would soon be launched.

Deal Ukraine Odessa (UA)


		Singapore safety council inspects methanol bunker tanker Golden Centaurus NMSSC members 'encouraged' by integration of structural and operational safety into newly commissioned IMO Type II vessel.

		Vitol to start LNG bunkering in Asia from late 2026 after vessel sea trials 12,500-cbm Vivit Asia LNG completes trials, with regional operations due to begin later this year.

		PetroChina International seeks bunker sales manager to grow European marine fuels business The state oil major’s trading arm is hiring in Rotterdam or London to expand bunker sales across the ARA region.

		WinGD signs global service agreement for TMS Cardiff Gas LNG carrier newbuilds WinGD will support six dual-fuel engines on three new LNG carriers for the Athens-based operator throughout their operational lives.

		Yangzijiang Xinfu delivers first 175,000-cbm LNG carrier built by Chinese private shipyard Vessel features two dual-fuel MAN B&W 5G70ME-C10.5-GA-EGR engines fitted with cryogenic units.

		LNG bunkering vessel Kaguya completes 200th ship-to-ship operation in Japan K Line’s joint venture vessel reaches milestone in Mikawa Bay.

		Synergy Marine adds dual-fuel LPG carrier to managed fleet MFM Nicole joins Synergy’s gas carrier portfolio as owners weigh fuel choices ahead of MEPC 85 negotiations.

		DSV to use CMA CGM’s ACT+ solution to slash shipping emissions Danish firm targets 12,000-tonne reduction in CO₂ emissions over two years through the use of UCOME-based biofuels.

		Peninsula welcomes 2026 graduate cohort across global bunkering network Bunker firm brings new graduates into roles spanning Houston, Singapore, Gibraltar, Monaco and Las Palmas.

		Malik Supply appoints Mathias Krogsgård as bunker trader Danish bunker firm adds trader with export and technology background to growing team.