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Europe’s eye-watering diesel prices are a painful reminder for policymakers that security of supply still matters, according to oil industry veteran, Dario Scaffardi.
“We got here because Europe has been a bit too complacent,” the former CEO of Italian oil refiner Saras SpA — one of the biggest and most complex plants in Europe — said in a recent phone interview. “Nobody thought it was of strategic importance to have your own refineries.”

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