Lukoil announces negotiations on sale of international assets

Lukoil is negotiating the sale of international assets with several potential buyers. The relevant information was published on the company's official website on November 14.

Lukoil announces negotiations on the sale of international assets with several potential buyers. A specific deal will be announced after the final agreements have been reached and the necessary regulatory approvals have been obtained," the statement said.

It is noted that the company is also in regular cooperation with the authorities in the regions of its operations. Lukoil stressed that the company strives to ensure that the continuous operation of the enterprises is ensured during the sale.

Ban on the tank: Lukoil was left without a buyer

What will happen to the company's foreign assets after Gunvor's refusal

On October 22, the US Treasury announced the imposition of sanctions against Russian oil companies Rosneft and Lukoil. On October 27, the company announced its intention to sell its foreign assets.

On October 30, the press service of Lukoil announced the approval of a deal to sell 100% of the international company LUKOIL International GmbH Gunvor. It was noted that its final implementation required the approval of the Office of Foreign Assets Control of the U.S. Treasury (OFAC), as well as other licenses and permits from the authorities of other countries where the company operates. Later, on November 7, the company withdrew its offer to purchase Lukoil's assets.

The Reuters news agency, in turn, reported on November 12 that Lukoil had asked the US authorities to extend the deadline set by the US Treasury Department for completing operations with the company, which expires on November 21. In addition, according to the interlocutors of Reuters, the company also needs additional time to study proposals related to international assets in the field of oil and gas production, refining and trading.

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