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Italy to safeguard jobs in Lukoil refinery sale

Italy to safeguard jobs in Lukoil refinery sale
Italy to safeguard jobs in Lukoil refinery sale Copyright Thomson Reuters 2023
Copyright Thomson Reuters 2023
By Reuters
Published on Updated
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ROME - The Italian government will ensure that jobs are protected and environmental standards maintained in the sale of a Sicilian refinery owned by Russia Lukoil, Industry Minister Adolfo Urso said on Wednesday.

Urso was commenting after a meeting the previous day with G.O.I. Energy, the Cypriot private equity firm that heads the group that agreed last week to purchase the business. It is backed in the deal by trading house Trafigura.

The ISAB plant in Sicily refines 320,000 barrels per day of crude, accounting for a fifth of Italy's refining capacity, and directly employs about 1,000 people in an economically depressed area in the country's southernmost region.

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