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Lukoil to invest more than $60 million in Italy

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Staff Writer | March 13, 2019
Lukoil
Russia   Vorobyov said that Lukoil had no plans to sell ISAB

Lukoil plans to invest more than $60 million over the next three years in its 320,000 barrel-per-day (bpd) ISAB refinery in Augusta, Italy, on the island of Sicily.

Vadim Vorobyov, Lukoil's First Deputy CEO, told reporters at a news conference that the investments would be for two hydrotreater projects to improve the fuel quality.

Vorobyov said ISAB will move to produce high-quality diesel of Euro V grade after the modernisation.

Vorobyov said that Lukoil had no plans to sell ISAB for now.


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