The sanctioned Russian oil company Lukoil has signed an agreement to sell its international assets to the American investment fund Carlyle Group.
The company's press service reported this on January 29.
This concerns the sale of Lukoil International GmbH (a 100% subsidiary of PJSC Lukoil, which owns the group's international assets).
“The signed agreement is not exclusive to the company and is subject to certain conditions precedent, such as obtaining the necessary regulatory approvals, including approval from the Office of Foreign Assets Control (OFAC) of the US Treasury Department for the transaction with Carlyle,” the statement said.
At the same time, the press service of Lukoil noted that the agreement with Carlyle does not include the company's assets in Kazakhstan. They will remain in the ownership of the Russian company and “will continue their activities under the relevant license.”
In addition, it is indicated that Lukoil is currently also continuing negotiations with other potential buyers of Lukoil International GmbH.
As Reuters reported, Lukoil accounts for about 2% of global oil production. In particular, the company owns 75% of the shares of the West Qurna-2 field in Iraq, which is one of the largest in the world. In addition, Lukoil's assets include an oil refinery in Bulgaria with a capacity of 190,000 barrels per day, as well as a refinery in Romania.