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Lukoil paying $2.1 billion for 49% stake in ERG refining JV

LONDON (MarketWatch) — Russia’s Lukoil said it’s paying 1.35 billion euros ($2.1 billion) for a 49% stake in a refining joint venture with Italy’s ERG. This joint venture will operate the ISAB refinery complex in Priolo, Sicily. The refinery includes two sites which are united by a pipeline system and integrated in a single refining unit with total annual refining capacity of 16 million tons.
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Original post by Forextvblog

This entry was posted on Tuesday, June 24th, 2008 at 2:55 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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