December 09, 2022 08:48 GMT
More Buyers Interested In Italy’s ISAB Refinery
A group of investors led by a Qatari businessman has expressed interest in acquiring the oil refinery owned by Lukoil, while talks with Crossbridge, Vitol and Trafigura continue, Italian newspaper La Repubblica said.
- The group of investors led by businessman Ghanim Bin Saad Al-Saad presented a proposal to the Italian government.
- Crossbridge, with support from traders Vitol and Trafigura, is also looking to acquire the refinery.
- Lukoil’s hopes to sell the plant by the end of the year.
- The plant has been put under trusteeship by the Italian government, after it was under threat due to the European embargo on Russian seaborne oil that came into effect on 5 Dec.