KIEV, March 18 - TNK-BP, a Russian oil major, plans to invest $137 million to upgrade its Ukrainian oil refinery and gasoline stations in 2010, TNK-BP’s Ukrainian subsidiary reported Thursday.
TNK-BP plans to spend $107 million on modernization of its oil refinery Linos, to upgrade a diesel fuel hydro-purification unit, izomerization and reforming units. The upgrade, when completed in 2011, would allow the refinery to produce gasoline and diesel fuel that fully meets Euro-4 quality standards, the company said.
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