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Italy To Put ISAB Refinery Under Trusteeship On Thursday

REFINING

Italy's government is set to put the Lukoil-owned ISAB refinery based in Sicily under trusteeship on Thursday, Sicily’s President said.

  • Sicilian governor Renato Schifani said a cabinet meeting due to take place later on Thursday would approve the move for the Lukoil asset, a spokesman for the head of the region told Reuters.
  • The survival of Lukoil's ISAB plant is under threat due to a European embargo on Russian seaborne oil coming into effect on 5 Dec.

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