Tyumen Oil Co. makes alliance, acquires Ukraine refinery

09/04/2000
Tyumen Oil Co., Moscow, announced in mid-summer two separate agreements widening its involvement with Western companies.With W.R. Grace & Co., Columbia, Md., Tyumen signed a catalyst marketing agreement to market hydroprocessing catalysts in Eastern Europe and the former Soviet Union (FSU).Also in July, the company announced its 67.41% acquisition of the Lisichansk oil refinery (Linos) in the Ukraine, which will expand the lubricant marketing region of its partner Texaco Inc., White Plains, NY, to the Ukraine.Tyumen recently expanded its relationship with Texaco to include commodity risk management. The two companies jointly market Texaco-branded imported lubricants and Tyumen and Texaco-...
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