All News, Business

Reuters reported that Russia LUKOIL may be forced to halt its Odessa refinery in Ukraine if it is unable to find crude volumes to replace those cut off by Ukraine's plan to import oil through the Black Sea port in October. Industry sources said Ukraine plans to ease its dependence on Russian crude oil supplies URL-E may also result in the stoppage of Urals exports from the Odessa port.
Oct 7, 2009 at 10:38
POSCO, Korea's leading steelmaker, said Wednesday that it has signed a memorandum of understanding (MOU) with Ukraine's Metinvest BV for business cooperation, Yonhap News reported. Under the MOU, the two companies will cooperate in iron ore and other resource materials development. Ukraine is home to the world's largest iron ore deposits, and ranks as the sixth-biggest in coal deposits. Metinvest is Ukraine's third-biggest steelmaker.
Oct 7, 2009 at 10:21