Entity

G.O.I. Energy is an international energy group specializing in oil refining, trading, and the restructuring of energy assets. Headquartered in Nicosia, Cyprus, the company has established itself as a key player in the European energy sector, particularly following its 2023 acquisition of Italy’s largest refinery, ISAB, from Russia’s Lukoil. This high-profile transaction, approved by the Italian government, positioned G.O.I. Energy at the center of Italy’s energy infrastructure, with ISAB accounting for about 20% of the country’s refining capacity.

G.O.I. Energy operates as the energy sector arm of the Argus New Energy Fund, a Cyprus-based private equity and asset management firm. The company is led by CEO Michael Bobrov, who is also the major shareholder of Green Oil Energy and holds a significant stake in Israel’s Bazan Group, one of the largest integrated refining and petrochemical companies in Israel. G.O.I. Energy’s leadership team brings extensive expertise in oil refining, trading, and financial restructuring, and the company emphasizes its commitment to sustainability, good corporate governance, and minimizing CO2 emissions from its operations.

The ownership structure of G.O.I. Energy is complex and has involved notable figures such as Greek shipping magnate George Economou, who, through the Argus New Energy Fund, has been a principal financier and majority shareholder in the ISAB acquisition. The company’s activities extend beyond refining, with a focus on supporting local supply chains and developing a globally competitive workforce in the regions where it operates.