Lukoil Agrees to Sell International Assets to Carlyle ...Middle East

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Lukoil Agrees to Sell International Assets to Carlyle
source : OILPRICE ( Middle East ) () 27
Russia’s oil producer Lukoil has agreed to sell most of its international assets to private equity giant Carlyle. Following the U.S. sanctions on Lukoil and Rosneft, “as a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine,” Lukoil announced in October it would sell all of its international assets, initiating a formal process to receive bids from potential buyers. After months of negotiations with potential buyers and one preliminary agreement with Gunvor blocked…

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