Billionaire Economou Seeks to Replace Trafigura As Partner in Italy’s Top Oil Refinery
The ISAB refinery near Syracuse, Sicily.
Photographer: Gaetano Adriano Pulvirenti/AP PhotoThis article is for subscribers only.
The main investor in Italy’s biggest oil refinery is sounding out trading firms to replace Trafigura Group as the plant’s supply partner.
Greek shipping billionaire George Economou, the main investor in a fund that controls the owner of ISAB Srl, is exploring potential tie-ups with alternative oil traders, according to people familiar with the matter, who asked not to be named because the talks are private.