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Ukraine's Odessa oil refinery, owned by Russai's second-largest oil firm LUKOIL, is likely to resume output by April 2008 after a 3-year upgrade, Fuel and Energy Minister Yuri Prodan said on Tuesday. "Odessa refinery is likely to be launched by April," Prodan told Reuters. "By that time, the first volumes of fuel will appear on the market."
A refinery official declined to comment. Last year, LUKOIL said it had finished reconstruction of a vacuum distillation unit and would in the first quarter of 2008 complete modernisation of a visbreaking unit to allow it to cut fuel oil output and raise production of vacuum gas oil.
Refining depth will increase to 80 percent from 56 percent.
The plant was shut for reconstruction in 2005. LUKOIL said at the time the work would take three years and that the project involved investment of about $320 million.
The company has said annual production of high-octane gasoline would double after reconstruction to 740,000 tonnes, with output of diesel at about 960,000 tonnes.
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Ukraine says Odessa refinery to start output by April
