Russia's Lukoil completes sale of ISAB oil refinery in Italy

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine

MOSCOW, May 4 (Reuters) - Russia's second-largest oil producer Lukoil said on Thursday that its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following its approval by Italian authorities. It did not reveal financial details of the deal. Lukoil said in January it had reached a preliminary deal to sell the refinery to G.O.I Energy, paving the way for its first significant asset disposal since the start of what Russia calls its special military operation in Ukraine. (Reporting by Vladimir Soldatkin; Editing by Jan Harvey)

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Reuters

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off-the-wire

Russia&apos;s Lukoil completes sale of ISAB oil refinery in Italy

By Reuters

Reuters

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Russia's Lukoil completes sale of ISAB oil refinery in Italy