Monday, January 9, 2023
<_a103a_updated style="display: none"> { 1/9/2023 7:15:48 PM }
PJSC LUKOIL announces that LITASCO S.A., 100% subsidiary of LUKOIL, and G.O.I. ENERGY LIMITED (hereinafter "G.O.I. ENERGY") reached an agreement regarding the sale of ISAB S.r.L. (hereinafter "ISAB") to G.O.I. ENERGY. The transaction is planned to be completed by the end of March 2023 upon fulfilment of certain conditions precedent including receipt of necessary approvals of competent authorities, particularly the Italian Government.
ISAB S.r.L. owns a large petrochemical complex in Italy combining refining, gasification and electricity cogeneration plants.
For the efficient operation of the complex after its acquisition G.O.I. ENERGY formed a partnership with TRAFIGURA, one of the world's largest international traders of oil and petroleum products, which secures uninterrupted feedstock supplies to the refinery and provides for production offtake as well as necessary working capital level. The new owner will retain jobs and ensure health and safety conditions.
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PJSC LUKOIL finished construction of a Petroleum Residue Recycling Facility with production capacity of 2.1 million tonnes per year at itsLUKOIL-Nizhegorodnefteorgsintez LLC refinery (a wholly owned subsidiary of PJSC LUKOIL).
At today's meeting the Board of Directors of PJSC "LUKOIL" reviewed the matter on dividends recommendation for PJSC "LUKOIL" shares based on the results of the first nine months of 2022.
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OAO Lukoil published this content on 09 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 January 2023 16:19:01 UTC.