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Italy’s ISAB Refinery Has Several Potential Bidders

OIL

The Italian government is aware of several potential bidders for Italy’s Lukoil-owned ISAB refinery, the Italian industry ministry told Reuters.

  • The refinery has up to ten buyers that were interested in taking over the plant, minister Adolfo Urso told Reuters.
  • Any sale agreement will be subject to government scrutiny under the so-called golden power regulation and the government was ready to set out commitments for any potential buyer, including on protecting the environment.
  • Potential buyers that have expressed interest in recent weeks are Crossbridge, Vitol, Trafigura and a group of investors led by businessman Ghanim Bin Saad Al-Saad.

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