The founding family of Italian oil company Italiana Petroli has agreed to sell the refinery to Azerbaijan's State Oil Company (SOCAR), two sources said. The deal will give SOCAR control of one of Italy's largest gas station networks.

2025-09-16

The founding family of Italian oil company Italiana Petroli has agreed to sell the refinery to Azerbaijan's State Oil Company (SOCAR), two sources said. The deal will give SOCAR control of one of Italy's largest gas station networks.