Italy looks for supply assurances in possible sale of IP refiner to Azerbaijan's SOCAR, sources report.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 04 2025
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Source: Reuters
Italy's Negotiations with SOCAR: Italy is negotiating with Azerbaijan's state energy company SOCAR for the sale of Italiana Petroli (IP), with the Brachetti Peretti family seeking around 2.5 billion euros for the refiner.
Government's Conditions for Sale: The Italian government is seeking guarantees from SOCAR regarding fuel supply security and job protection as part of the sale process, leveraging its "golden power" to influence critical asset transactions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
