Ludoil Agrees to Buy ISAB Refinery from GOI Energy
Ludoil will buy the ISAB refinery from G.O.I. Energy to return the asset to Italian ownership. The move aims to secure fuel supplies amid regional conflict.
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Ludoil will buy a 51% stake in the ISAB refinery from G.O.I. Energy, targeting consolidated revenue above €10B ($11.7B). The deal returns a strategic asset representing 20% of refining capacity in Italy to domestic ownership. Investors are monitoring the transition to biofuels as conflict in Iran threatens European jet fuel supplies.
