Ludoil in Exclusive Talks to Acquire Priolo Refinery from GOI Energy
Ludoil is in exclusive negotiations to acquire Italy's largest oil refinery, Priolo, from GOI Energy, with plans to decarbonize the facility and produce low carbon products such as sustainable aviation fuel and bioethanol. GOI, which purchased Priolo in 2023 from Lukoil, is seeking an exit due to dissatisfaction with crude supply terms. The Priolo complex is significant for Italy, accounting for nearly 20% of the country's refining capacity.
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Ludoil is in exclusive talks to acquire Italy's largest oil refinery, Priolo, from GOI Energy. The deal aims at gradually decarbonizing the plant and producing low carbon products like sustainable aviation fuel and bioethanol.
GOI acquired Priolo in 2023 from Lukoil and is seeking exit due to dissatisfaction with crude supply terms. The Priolo complex is crucial for Italy, representing nearly 20% of its refining capacity.
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