off-the-wire

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

Kitco Media
By Reuters
Published:
Updated:
Reuters



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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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