The Italian government had decided to “temporarily nationalize” the ISAB refinery in Priolo, Sicily, which supplies 20% of the national demand for fuel (gasoline and diesel). The decision was taken in order to maintain production after the plant, owned by Lukoil, was cut off from any credit line by banks, thanks to EU sanctions against Russia. The decision, similar to the one recently taken by the German government for a subsidiary of Rosneft, has prevented the refinery from being bought by Crossbridge Energy Partners, an American firm. The government has determined that foreign ownership of such a large capability is a threat to Italy’s national security.
Collapsing Imperial System Paid
Sicily Lukoil Refinery Nationalized
About the author
Latest articles
-
EIR Roundtable Takes Up The Strategic Role of the Americas
-
Daily Alert: Can the World Return The United States to The American System?
-
Schiller Institute Publishes New Translation of Friedrich Schiller's The Aesthetic Education of the Human Being
-
Can the World Return The United States to The American System?
Related coverage
-
Collapsing Imperial System Paid
House Passes Lindsey Graham ‘Sanctions from Hell’ Bill against Russia
-
Collapsing Imperial System Paid
'Fixer' Carney’s Canada and EU Join Forces for NATO Bank, War vs. Russia
-
Collapsing Imperial System
Netanyahu Acts to Revoke Citizenship of NAZA Film Directors
-
Collapsing Imperial System Paid
The Continuing Destruction of Gaza