Kherson Refinery To Become Non-Public?

The State Securities and Exchange Commission (SSEC) recently registered a $56.3 mln share issue by the Closed (i.e., non-public) Join-Stock Company (CJSC) “Kherson Oil Refinery”. Earlier in 2006, the Anti-Monopoly Committee allowed Oil Company Alliance-Ukraine LLC and Kherson Oil-Refining Complex (HNPK) to form a CJSC “Kherson Oil Refinery”. Vladimir Nesterenko: Putting aside for the moment the asset-stripping risk for HNPK, the restructuring may imply the strengthening Russia’s Alliance Group’s control over the company, possibly in preparation for a much talked about take-over.