Carlyle’s Stalled Lukoil Deal Leaves Refineries Idle in Tight Market
7 Articles
7 Articles
The sale of LUCYL's foreign assets, valued at $20 billion, to the American private investment group Carlyle, has been in the process of being negotiated by the U.S. government for almost 10 months.
A transaction of about 20 billion dollars for Lukoil's international assets awaits the final approval in the United States for months. Among the assets targeted is also the Petrotel refinery in Ploiești, whose refining capacity remains unused during a tense period for the fuel market.
Lukoil's sale of approximately $20 billion worth of assets outside Russia to Carlyle is awaiting US approval. The prolonged process is rendering an additional 100-150,000 barrels/day of refinery capacity in Europe offline during a period of tight fuel market demand.
The purchase of Lukoil's international assets for $22 billion remains pending the review of OFAC, while key facilities in Romania and Bulgaria face operational and regulatory uncertainty.
Carlyle’s $22B Lukoil deal stalls as US approval drags on for nearly 10 months, leaving European refineries idle
The prolonged approval process exacerbates European energy insecurity, highlighting the complex balance between sanctions and energy needs. The post Carlyle’s $22B Lukoil deal stalls as US approval drags on for nearly 10 months, leaving European refineries idle appeared first on Crypto Briefing .
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