KHERSON, Sept. 28 – A feasibility study on the reconstruction of Kherson oil refinery, which has been idle since 2005, foresees two options costing $1.2 billion or $3.2 billion, the plant's acting chairman Volodymyr Semihen, said at a press conference after the Tavria Horizons investment forum.

According to Semihen, the first option foresees the production of only light fuel. The project's cost is $1.2 billion, and the payback period is six years.

The second option, apart from the production of light fuel, foresees production for the petrochemical industry. The project cost is estimated at $3.2 billion, and the payback period is five years.