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Firtash still in talks on acquisition of oil refinery in Ukraine

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Sept. 22, 2012, 10:42 a.m. | Business — by Interfax-Ukraine

Dmytro Firtash
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  Chairman of the Board of Directors and owner of Group DF Dmytro Firtash has not achieved final agreements on the acquisition of a Ukrainian oil refinery.

"[We're] at the stage of negotiations," he told Interfax-Ukraine while answering a question about the status of the talks on the possible acquisition of Kherson oil refinery and Lysychansk oil refinery.

Firtash did not disclose details of the talks.

As was reported, Firtash in June 2012 expected to agree on the acquisition of a Ukrainian oil refinery by the end of 2012. He said that he planned to invest $2.7 billion in the development of petrochemical projects at all the chemical enterprises he owns in Ukraine. The investment does not include costs to buy and modernize the oil refinery.

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