BAKU, Azerbaijan, May 13. Following the
completion of the transaction to acquire 99.82% of the shares of
Italiana Petroli (IP) from API Holding, Levan Davitashvili has been
appointed CEO of IP, Trend reports via SOCAR.


Levan Davitashvili, who will oversee IP’s operations in Italy,
will work to ensure operational continuity, protect and further
strengthen the company’s position in the country’s energy market,
and oversee the process of integrating IP into the SOCAR Group.







Levan Davitashvili, who is fluent in Italian, has over 25 years
of experience in senior management positions in both the public and
private sectors. He served as First Deputy Prime Minister of
Georgia and Minister of Economy and Sustainable Development from
2021 to 2025. He also led Georgia’s participation in the “Green
Energy Corridor” initiative, which connects the South Caucasus with
European Union member states. Levan Davitashvili has served as an
advisor to the SOCAR president since November 2025.