SOCAR Appoints New Management for Italiana Petroli

SOCAR finalized its acquisition of Italiana Petroli and appointed Levan Davitashvili as CEO. Leonardo Caputo will oversee refining and logistics operations.

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State Oil Company of Azerbaijan finalized its €3 billion acquisition of Italiana Petroli, the Italian oil refiner, and appointed new executive leadership. The Brachetti-Peretti family agreed to sell the company last September. The restructuring integrates the refiner into the broader SOCAR Group.

New Leadership Anchors SOCAR Integration

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