S. Kurchenko has bought Odessa oil refinery

The Kharkov businessman, S. Kurchenko has bought the Odessa oil refinery for $125 million, that is much less than the investment needed for successful restart of the enterprise. They will need at least 5 years for cover the expenses to the project, without a ‘net administration resource’.

On July 5,the VETEK fuel and energy company belonging to S. Kurchenko reported about the closure of the transaction for purchase of 99.57% of the Odessa oil refinery. They needed 4 months for the reconciliation of the legal formalities; initially they announced about the transaction in March 2013. Within the period the young tycoon has understood what an idle oil refinery is. What is he going to do to transform his purchase into a profitable business? How do experts evaluate his plans?