Which U.S. fund and Indonesian company are reportedly planning to bid for the ISAB refinery in Sicily?

The news states that 'a large U.S. fund specialised in energy and infrastructure'—which remains unnamed—is set to make an offer for the ISAB refinery, backed by 'an Indonesian oil group', with Italian financial newspaper MF suggesting the partner is 'likely to be state energy firm PT Pertamina'. No other U.S. fund or Indonesian entity is named or confirmed in the report.

Who currently owns the ISAB refinery, and what is its significance to Italy's refining capacity?

According to the news, the ISAB refinery is currently owned by 'Cypriot private equity fund G.O.I. Energy', which acquired it from 'Russian energy group Lukoil (LKOH.MM) in 2023'; the plant 'accounts for around a fifth of Italy's refining capacity'.

US fund and Indonesian oil group to make offer for Sicilian refinery ISAB, newspaper reports

Apr 23, 2026

An unnamed U.S. energy fund backed by an Indonesian group, likely PT Pertamina, has submitted a letter of intent to acquire the ISAB refinery in Sicily. Owned by G.O.I. Energy since 2023, the plant accounts for roughly one-fifth of Italy's refining capacity.

reuters

2026-04-23

US fund and Indonesian oil group to make offer for Sicilian refinery ISAB, newspaper reports

US fund and Indonesian oil group to make offer for Sicilian refinery ISAB, newspaper reports

FAQ