Who are the new top executives appointed at Italiana Petroli following SOCAR's acquisition, and what are their roles?

Leonardo Caputo, formerly the company's chief financial officer, has been appointed head of general operations, overseeing refining, supply, and logistics activities. Levan Davitashvili, former minister of economy of Georgia, was appointed CEO in mid-May and has already begun leading operations in Italy to ensure continuity, strengthen Italian market position, and oversee integration into the SOCAR Group.

What was the reported value of SOCAR's acquisition of Italiana Petroli, and who were the sellers?

The acquisition deal was valued at around 3 billion euros ($3.49 billion), and the sellers were Italiana Petroli's founders, the Brachetti-Peretti family, who agreed to the sale in September of the previous year.

Italiana Petroli under new management as SOCAR takes over oil refiner

Jun 1, 2026

SOCAR completed its €3 billion acquisition of Italian refiner Italiana Petroli, installing new leadership including CEO Levan Davitashvili to ensure operational continuity and integration into the SOCAR Group.

reuters

2026-06-01

Italiana Petroli under new management as SOCAR takes over oil refiner

2026-06-05

SOCAR Completes Acquisition of Italian Refiner ItalianaPetroli

Italiana Petroli under new management as SOCAR takes over oil refiner

FAQ