Tuesday 16 Jul

Real Estate

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After 25 years of fruitful cooperation, La Petrolifera Italo Rumena SpA (PIR) purchased 50% of Petra SpA from Eni, becoming its only shareholder.

Petra was established in 1992 jointly by Eni and PIR and started its activity in December 1993, successfully implementing over the years the rationalization of oil logistics in the port of Ravenna, which is now entirely managed by an independent operator.

PIR Group operates in Ravenna in the port logistics sector since 1920 and also owns terminals in Genoa, Albania and Tunisia. The acquisition of Petra will create integration opportunities with other Group plants in Ravenna, while Eni will continue the long standing commercial relationship with Petra.

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