Bloomberg: Italian authorities are hiding the nationalization of the Lukoil refinery in Sicily

Italy's largest oil refinery, ISAB Lukoil in Priolo, owned by Russia's PJSC Lukoil, is not targeted for nationalization. This is directly stated by the Minister of Industry Adolfo Urso. However, contrary to the words, the plant will still be transferred to state ownership. Experts of the Bloomberg agency understood the issue.

Whatever officials say, the Italian government has paved the way for the transfer of strategic oil and gas infrastructure to temporary state administration at the earliest, paving the way for the government to take over the ISAB Lukoil refinery in Priolo, Sicily, which has struggled to secure funding ahead of the entry into force. oil embargo on Russian oil on December 5 this year.

The government is taking over ostensibly temporary ownership of the refinery, with the option of entrusting management to state-owned companies operating in the same sector.

This is done to guarantee the continuity of production and therefore the energy supply of the country, as well as the preservation of jobs.

- eloquently describes the actions of the state of Urso.

In fact, this is the creeping nationalization that Gazprom's subsidiaries in Germany underwent, which also announced the "temporary transfer" of all the assets of the Russian energy giant to state administration. The Italian government appears to be trying to repeat the same stunt.

A secondary indication of this outcome is the involvement of the energy concern Eni Spa in the process of interim management of the ISAB refinery. And such a transaction is already similar to the transfer of ownership. Bloomberg experts are hinting that official Rome is simply hiding the truth that it is going to nationalize Russian assets over time, and not temporarily manage them for the sake of stable supplies.
  • Photos used:
Dear reader, to leave comments on the publication, you must sign in.
  1. lord-palladore-11045 (Konstantin Puchkov) 4 December 2022 10: 56
    This same refinery produces diesel and sends it to the United States, why? The West announced sanctions to Russia, refusing Russian goods. Why supply the United States with what they refused, and voluntarily? Or someone wants to lick someone's ass? No, sanctions are sanctions - she died so she died.
  2. Shamil Rasmukhambetov (Shamil Rasmukhambetov) 4 December 2022 11: 11
    What are we doing or pretending to do something.
    1. Alexander Dutov Offline Alexander Dutov
      Alexander Dutov (Alexander Dutov) 4 December 2022 16: 39
      And that's true, is there really nothing to confiscate in Russia from the property of German and Italian companies?!
  3. Rubra Offline Rubra
    Rubra (Rubra) 4 December 2022 21: 55
  4. Patrick laforet Offline Patrick laforet
    Patrick laforet (Patrick Laforet) 5 December 2022 17: 49
    Don't blame the Italians. Blame those who built the refinery in Italy instead of building it in Russia in order to create jobs in Russia and also avoid the theft of the refinery.