Italy Greenlights The Sale Of A Russian-Owned Refinery ...Middle East

The Italian government has given conditional approval for the sale of a refinery owned by Russia’s Lukoil to a Cyprus-based private equity firm, Reuters has reported, citing unnamed sources in the know. The conditions set by the Italian government for buyer G.O.I. Energy include guarantees that no jobs will be cut and a commitment to secure crude oil for the refinery from producers other than Russia. To greenlight the deal, the government used its “golden power” prerogative that allows it to review and approve deals that are considered…

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