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TNK-BP to Shut Refinery

TNK-BP said Thursday that it might shut the Linik refinery for maintenance in June, while planning as much as $500 million in long-term upgrades at its Ukrainian plant.

The refinery may be closed for 40 to 45 days starting in June, Dmytro Zverev, a spokesman for TNK-BP in Ukraine, told reporters. The refinery may process 5 million to 6 million metric tons of oil this year amid shutdowns for work, said Didier Casimiro, head of the Russian-British oil venture’s Ukrainian division.

(Bloomberg)


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