(BOE Report) – Chevron is one of at least two companies vying for Lukoil’s global assets, despite the Russian energy company’s initial agreement last week to sell them to U.S. private equity firm Carlyle, four sources familiar with the conversations said. Lukoil has until February 28 to sell the assets, the latest deadline set by the U.S. Treasury, which imposed sanctions
(Oil Price) – Kazakhstan has filed a formal bid with the U.S. Treasury seeking authorization to buy out the Kazakh assets of Russia’s sanctioned oil firm Lukoil, Kazakhstan’s Energy Minister Yerlan Akkenzhenov said on Wednesday. The United States sanctioned Lukoil at the end of October, which prompted the Russian firm, the country’s second-largest oil producer, to seek a sale of its foreign assets. Soon after,
(Investing) – LONDON – U.S. investment bank Xtellus Partners has proposed to the U.S. Treasury that proceeds from the sale of Lukoil’s foreign assets be used to repay American investors who lost money when Russia’s war in Ukraine froze their Lukoil stock holdings, sources said. U.S. asset managers including BlackRock, JP Morgan and Goldman Sachs lost billions of dollars when they had to first freeze and
(Investing) – LONDON -U.S. oil major Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday. The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets. Chevron would join Carlyle and other firms in the race for the Lukoil portfolio worth at least $20
(World Oil) – Governments across Europe and the Middle East are rushing to ensure the sprawling oil operations of Russian energy giant Lukoil PJSC can keep running after the U.S. Treasury sanctioned the company and then quashed a key bid for its assets last week. Russia’s second-largest oil company runs a vast international operation that includes oil fields, refineries and filling
