PJSC LUKOIL announces that LITASCO S.A., 100% subsidiary of LUKOIL, and G.O.I. ENERGY S.r.l. (hereinafter "G.O.I. ENERGY") completed sale of ISAB S.r.l. (hereinafter "ISAB") to G.O.I. ENERGY after fulfillment of certain conditions precedent including receipt of necessary approvals from the Italian authorities.

ISAB S.r.l. owns a large petrochemical complex in Italy combining refining, gasification and electricity cogeneration plants.

See ISAB NORD refinery site
See ISAB SUD refinery site

About Lukoil

LUKOIL is one of the largest oil & gas vertical integrated companies in the world accounting for over 2% of crude production and circa 1% of proved hydrocarbon reserves globally. LUKOIL enjoys a full production cycle to control the entire value chain from upstream to downstream. LUKOIL employs over 110 thousand people who join their efforts and talents to secure the Company’s market leadership.

About G.O.I. ENERGY

G.O.I. ENERGY is a fast-growing energy company that aims to transform the energy landscape in south-eastern Europe. It is the energy sector arm of ARGUS, a powerful, internationally recognized private equity and asset management fund based in Cyprus and regulated by the Cyprus Securities and Exchange Commission. With its cutting-edge know-how, international experience and specialization, G.O.I. ENERGY redefines energy by putting sustainable growth, the environment and people at the center of its philosophy.