Italy revised details of Lukoil refinery deal due to US interference Russian News EN

FT: Italy renegotiated details of Lukoil refinery deal with Cypriot fund due to US interference

Italian officials are hastily renegotiating a deal to sell the country’s largest oil refinery, ISAB, owned by Lukoildue to interference UNITED STATES. On this subject informed British newspaper Financial Times, citing sources.

The €1.5 billion deal was due to be completed on March 31, but Italian officials have taken longer to study the details. According to the publication, the United States was embarrassed by the sale of the refinery to GOI Energy, which is owned by the Cypriot investment fund Argus New Energy Fund, and skirted offers from other organizations that expressed interest in the refinery. ‘purchase of the installation, including the American company Energy partner of Crossbridge. Washington turned towards Rome with an informal request to ensure that there is no Russian stake in GOI Energy.

Associated materials:

Trafigura, one of the world’s largest commodity traders, also involved in the refinery deal, confirmed to the newspaper that its representatives had met with Italian officials to “answer their questions”. The Singaporean company noted that the meeting was positive and that agreement on the deal is progressing. According to the publication’s interlocutors, most likely, this process will be completed next week.

The fact that Lukoil reached an agreement on the sale of the ISAB refinery in Italy island of sicily became known in January 2023. It was noted that GOI Energy has formed a partnership with Trafigura to ensure the efficient operation of the complex after the sale. Due to the agreement, the continuous supply of raw materials to the factory will have to be ensured. Before the agreement, at the beginning of December 2022, the authorities Italy agreed introduction of external management at the plant for a period of one year as part of the emergency measures to maintain the operation of the company, which covers 22% of the country’s fuel needs.

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