Italy greenlights sale of Russian refinery – Reuters ...News

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Italy greenlights sale of Russian refinery – Reuters
source : Russia Today ( News ) () 54
A Lukoil plant in Sicily will reportedly be sold to a Cypriot firm The Italian government has approved the sale of the ISAB refinery in Sicily, which is owned by Russia’s largest private oil company, Lukoil, to Cyprus’ GOI Energy, a branch of private equity group Argus, Reuters reported on Wednesday, citing sources. In January, Lukoil reported that it had reached a preliminary agreement with the company for the sale of the plant. However, the transaction had to be approved by the Italian authorities as it fell under the ‘Golden Power’ regulations, due to being part of an industry considered to be of strategic impo

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