Italian oil workers seek deal for Russian-owned refinery

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Italian oil workers seek deal for Russian-owned refinery
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Thousands of workers at a Russian-owned oil refinery in Sicily protested against the threat of closure as Europe imposes a full embargo on Russian oil starting next month.

Workers demanded action from Italy’s new economic development minister, Alfonso Urso, who was meeting in Rome with union leaders and others to find a solution for the refinery that employs 3,500 people directly and indirectly supports another 6,500 jobs.

“Russian ships will stop on Dec. 5, given the embargo that the previous government decided,” union spokesman Luciano Spataro said in Sicily. “We hope that the new government will find a solution to avoid this catastrophe.’’ Urso told reporters in Rome that another meeting on the plant’s future would be held before mid-December.

About 20% of Italy’s oil is refined at the ISAB Srl plant, which is owned by Russia’s Lukoil. The plant and related activities generate half of the gross domestic product in in Sicily’s Syracuse province and 8% of the region’s economic activity,because banks refused to take the risk of extending credit to buy non-Russian oil.

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