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Govt orders examination of Galychyna oil complex stake sale
Journal Staff Report

KIEV, Aug. 10 ??“ The government has instructed the State Property Fund, the Fuel and Energy Ministry and Lviv regional state administration in August to check execution of the agreement of sale and purchase of a stake in Galychyna oil refining complex (Drohobych) and to act to protect the state interest, if necessary.

The claims work ordered by the SPF on April 21 is underway to dissolve and rule void the agreement of sale and purchase of a 30% stake of Galychyna oil refining complex signed in August 1995 with the Galychyna Economic Union formed by members of the enterprise personnel that pledged to invest $256.5 million in production, to reconstruct the enterprise and create a filling station chain in the region.




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