Owner Lukoil says Italian refinery can keep going despite oil embargo

Rome — An Italian refinery controlled by Russia’s Lukoil will still be able to operate next week despite the implementation of a European Union embargo on Russian oil on Dec. 5, the company said in a statement on Friday.

LITASCO SA, the Lukoil unit that owns the refinery in the southern Sicily region, said it would rely on raw materials stored for the coming months and future deliveries of oil from countries other than Russia.

(Writing by Keith Weir, editing by Alvise Armellini) – Reuters

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