Government sources have told Reuters that Italy may temporarily nationalize the ISAB refinery owned by Lukoil, Russia’s second-largest oil producer whose CEO resigned after being sanctioned by the UK and the European Union. Reuters cited unnamed sources as stating that Italy’s Industry Minister plans to raise the issue at a Thursday cabinet meeting, though it is not currently on the agenda.
ISAB is owned by Litasco, a Swiss-based trading company, which is in turn controlled by Lukoil. The ISAB refinery–the largest…Italy May Consider Nationalizing Giant Lukoil Refinery
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