Tymoshenko ordered a check of the property of Lytvyn's associate.

Economy · 06:00 10.08.2005

The Cabinet of Ministers has instructed the State Property Fund, the Ministry of Fuel and Energy, and the Lviv Regional State Administration to conduct, during August, a review of compliance with the terms of the purchase and sale agreement for the share package of OJSC "Galychyna Oil Refining Complex" (Drohobych, Lviv region) and, if necessary, to take measures to protect state interests.

This is stated in the Cabinet of Ministers' order "On Approval of Measures for the Prompt Resolution of Problems Hindering the Socio-Economic Development of Regions" (No. 308-r dated August 3, 2005), the text of which is published on the Verkhovna Rada website.

The Cabinet of Ministers also instructed to work out, with the participation of the "Galychyna" Oil Refining Complex and other oil refining enterprises, a scheme for supplying petroleum products to agricultural producers of the Lviv region, and within one week to consider the issue of reimbursing value-added tax from the state budget to oil refining enterprises, in particular CJSC "UkrTatNafta."

25% of the shares of the "Galychyna" Oil Refining Complex belong to the state, 25% of the plant's shares are owned by Ihor Yeremeyev, 9.99% by Tetiana Yeremeyeva, 5.08% by the company "Zakhidresursy" (Lutsk), and about 32.9% is controlled by the "PrivatBank" group.

In 2004, the plant increased oil refining by 5.8% compared to 2003, to 2.185 million tons. The share of the Drohobych Oil Refinery in the total volume of oil refining in Ukraine is 9.7%.

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Tymoshenko ordered a check of the property of Lytvyn's associate.

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