2 news · updated Jun 5, 2026

SOCAR buys Italiana

2026-06-05

SOCAR Completes Acquisition of Italian Refiner ItalianaPetroli

Azerbaijan's SOCAR finalized the €3 billion takeover of ItalianaPetroli, gaining control of its refineries and retail network to enhance vertical integration within the European energy market.

ccin · 2026-06-05 00:00 UTC

2026-06-01

Italiana Petroli under new management as SOCAR takes over oil refiner

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 SOC

reuters · 2026-06-01 03:40 UTC

SOCAR buys Italiana

SOCAR Completes Acquisition of Italian Refiner ItalianaPetroli

Italiana Petroli under new management as SOCAR takes over oil refiner

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