US EditionExclusive-Hungary's MOL Interested in Lukoil Assets, Sources ...
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The Russian company Lukoil, which was fined by the US in October, has to sell these foreign assets until 13 December, after a previous proposal with the Swiss trader Gunvor was blocked by Washington.MOL joins in such intense competitions as giants such as Exxon Mobile, Chevron and investors in the Middle East, while Hungarian Hungarian Victor Orbán would have discussed the subject with US President Donald Trump in November. The visit has brought…
US Extends Sanctions Waiver for Lukoil’s Foreign Gas Stations Until 2026
On December 4, the US Department of the Treasury extended a special license that temporarily exempts the foreign gas station network of Russia’s Lukoil from sanctions. The Treasury’s Office of Foreign Assets Control (OFAC) stated that the general license allowing Lukoil’s retail fuel stations outside Russia to operate without facing US sanctions has been prolonged until the end of April 2026. Read more Category World The Global Ripple Effect…
Hungarian petrochemical group MOL has also expressed interest in buying Russian oil company Lukoil's foreign assets, Reuters reported, citing sources familiar with the matter. MOL has joined a growing group of bidders for the assets, including US oil companies Exxon Mobil and Chevron, Reuters reported. MOL took over Lukoil's network of gas stations in the Czech Republic in 2014.
There has been no official announcement, but according to reports, the Hungarian MOL is also a buyer, or may be one of the buyers.
According to some sources, the American Exxon Mobil and Chevron may also be among the interested parties.
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