KHERSON, Dec. 24 – The co-owner of CJSC Kherson oil refinery, Ihor Yeremeev, is ready to transfer a 50% stake in the company in exchange to the participation in the company's upgrade, the head of Kherson regional administration, Mykola Kostiak, said at a press conference in Kherson.

"Mr. Yeremeev with his team – his deputies and specialists – presented his vision of the development of our Kherson oil refinery to me. Now he is speaking our language. Yeremeev is ready to give 50%, so that we control the funds that are coming for the modernization of the company," he said.