Will the Italian government approve Ludoil's acquisition of ISAB, and what did the energy minister say about it?

Yes, the Italian government will approve Ludoil's acquisition of Sicilian oil refiner ISAB. Energy Minister Gilberto Pichetto Fratin confirmed this in parliament, stating: 'Yes, the last details are being finalised,' when asked whether the government would clear the deal.

What is the legal basis required for the Italian government to approve this acquisition?

The acquisition is subject to approval under Italy's so-called 'golden power' regime, a legal framework that allows the government to review and intervene in strategic transactions involving foreign investment or critical national infrastructure — including energy assets — to safeguard national interests.

Italy to approve Ludoil's acquisition of Sicilian oil refiner

Jun 4, 2026

Italy's government is set to approve Ludoil's acquisition of Sicilian oil refiner ISAB from G.O.I. Energy under the golden power regime. The energy minister confirmed final details are being finalized following the agreement reached last month.

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