Published • loading... • Updated
Russia's Lukoil, under sanctions, agrees to sell international assets to US Carlyle Group
Lukoil's deal with Carlyle excludes Kazakhstan assets and awaits US Treasury approval amid sanctions that have pressured Russian energy exports.
- Lukoil PJSC agreed to sell its foreign assets to Carlyle Group, including Lukoil International GmbH, three months after US sanctions, according to the company statement.
- The US last October blacklisted Lukoil and Rosneft, prompting asset sales after a deal with Gunvor Group collapsed when the US Treasury described Gunvor as the Kremlin 'puppet', and waivers due to expire Feb. 28 increased pressure.
- The firm's vast foreign holdings span refineries and major oilfields across multiple regions, including West Qurna 2 oilfield in Iraq, while sanctions forced trading wind-downs and bankruptcy of Oy Teboil Ab.
- Lukoil said the deal will preserve jobs and stabilize operations while Kazakhstan formally asked US authorities to approve purchases of Lukoil stakes, reflecting government intervention.
- Lukoil warned the agreement is non-exclusive and requires approval from the US Department of the Treasury's Office of Foreign Assets Control, while Carlyle said the deal depends on due diligence and regulatory approvals; Carlyle manages $474 billion.
Insights by Ground AI
113 Articles
113 Articles
Russian oil giant Lukoil agreed yesterday to sell all of its overseas assets to a US investment company, seen as a clear indication that the Donald Trump administration's sanctions against Moscow are working.
·Belgrade, Serbia
Read Full Article
If the Lukoil-Carlyle deal goes through, it could open up many knots in the messy tangle between Teboil and entrepreneurs.
·Finland
Read Full Article
The American sanctions force Lukoil to cut off foreign holdings, while Russia's oil exports are worse off than ever.
·Zürich, Switzerland
Read Full Article
War in Ukraine: Washington-based Carlyle maintains close business ties with US President Donald Trump. Trump announced in…
·Netherlands (Kingdom of the)
Read Full Article
Coverage Details
Total News Sources113
Leaning Left15Leaning Right11Center21Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 32%
C 45%
R 23%
Factuality
To view factuality data please Upgrade to Premium
