economy

January 30, 2026

FACTBOX: What is known about Lukoil's agreement with Carlyle to sell its foreign assets

The deal is not exclusive as Lukoil continues negotiations with other potential buyers

FACTBOX: What is known about Lukoil's agreement with Carlyle to sell its foreign assets

TL;DR

  • Lukoil has an agreement with Carlyle for the sale of Lukoil International GmbH.
  • The deal is non-exclusive, with Lukoil negotiating with other potential buyers.
  • The agreement requires regulatory approvals, including from the US Treasury's OFAC.
  • Projects in Kazakhstan are not included in this sale.
  • The sale is linked to sanctions imposed on Lukoil by certain states.
  • Lukoil's share price increased by nearly 3.5% in morning trading on the Moscow Exchange.
  • Previous attempts to sell included an offer from Gunvor, which was withdrawn due to US Treasury concerns.

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