What was the key regulatory decision made by Italy's competition authority regarding Ludoil's acquisition of ISAB?

Italy's competition authority cleared Ludoil's acquisition of Sicily-based oil refiner ISAB, stating that the transaction would not significantly hamper competition in the Italian market for refined products and therefore would not trigger a full antitrust investigation.

What is the scope of the supply and offtake agreement between ISAB and Trafigura, as disclosed by the regulator?

The competition authority revealed that ISAB has an exclusive long-term contract with global commodity trader Trafigura until 2033, under which ISAB commits to sell approximately 90% of its refined petroleum products to Trafigura, while Trafigura supplies ISAB with crude oil and other raw materials required for refining.

Italy regulator clears Ludoil's acquisition of Sicilian oil refiner

Aug 24, 2026

Italy's antitrust regulator approved Ludoil's purchase of 51% of ISAB, securing control over 20% of national refining capacity. The transaction involves a long-term supply pact with Trafigura for crude oil and refined products through 2033.

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Italy regulator clears Ludoil's acquisition of Sicilian oil refiner

Italy regulator clears Ludoil's acquisition of Sicilian oil refiner

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