Odesa Refinery

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Public JSC Odesa Oil Refinery is the fourth-largest Ukrainian oil refinery and a strategically important facility for the state's economy. It is located in Odesa, Odesa Oblast, built in 1935, capacity, as of 2005, about 2.8 million tons of crude oil per year. Originally owned by Russian oil company Lukoil following the start of privatisation in Ukraine, in 2013 it was acquired by pro-Russian businessman Serhiy Kurchenko of the VETEK group. However, after Euromaidan, an investigation was launched into VETEK's activities at the refinery, and all the assets of the refinery were seized by the state, and it came under the control of the state enterprise Ukrtransnaftoprodukt, while the refinery ceased production. Following allegations regarding the sale of products by the state enterprise, it was transferred to the State Property Fund, which confirmed in an audit that most of the equipment was non-functional. In May 2021, ARMA took over the plant, while at the same time, there was an ongoing legal dispute over the original seizure in 2014 from VETEK. Ultimately, in June 2024, the Cabinet of Ministers decided to remove ARMA's control.