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SOCAR acquisition of Italy’s Italiana Petroli finalised after EU clearance

Euronews · May 12, 2026, 6:11 PM

Why this matters: an international story with cross-border implications worth tracking.

SOCAR has completed its acquisition of Italiana Petroli after securing all regulatory approvals, marking a major expansion of its downstream presence in Italy and strengthening its position in Europe’s energy market.

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