Tag

Lukoil

All articles tagged with #lukoil

war7 days ago•6 min saved

Ukraine claims strike hits Russia’s large oil refinery and pumping station

Ukraine says its forces struck Russia's Lukoil-Nizhegorodnefteorgsintez refinery in Kstovo and the nearby Yaroslavl-3 oil pumping station on May 18–19, potentially shrinking Moscow's fuel capacity; the refinery is among Russia's largest (about 17 million tons annually) and provides gasoline, diesel, and aviation fuel for the military, though the full extent of damage remains unclear, while Russia reported drone incidents in Yaroslavl and near Moscow with no casualties.

via The Kyiv Independent|

#lukoil #oil-refinery #russia

business3 months ago•3 min saved

Carlyle Move May Rebrand US Lukoil Stations After Russian-Oil Operator's Global Deal

Lukoil, Russia’s second-largest oil company, runs about 200 gas stations in the Northeastern United States. Carlyle Group has agreed to buy Lukoil’s international operations, which could lead to the U.S. Lukoil network being rebranded or sold to another brand, but the deal isn’t final and requires regulatory approval.

via SlashGear|

#business #carlyle #gas-stations

business3 months ago•3 min saved

Lukoil Eyes Carlyle Deal to Sell Overseas Assets Amid Sanctions

Lukoil said it is in talks to sell its foreign (non‑Russian) assets to Carlyle Group, potentially transferring most overseas holdings except Kazakhstan, as Western sanctions dent Russia’s oil revenue; terms are undisclosed and the deal would require Carlyle’s due diligence and regulatory approvals, including from the U.S. Treasury.

via The New York Times|

#business #carlyle-group #lukoil

business5 months ago•2 min saved

U.S. Treasury Rejects Xtellus-Lukoil Asset Deal

The U.S. Treasury has rejected a bid led by Xtellus Partners to acquire Lukoil's assets, citing restrictions on the use of sanctioned securities, despite the bid being favored by Lukoil. The assets, valued at around $22 billion, include oil and gas projects and filling stations across multiple regions. The group plans to escalate their offer and seek a license to access the securities, as negotiations continue with a deadline extended to January 17.

via Reuters|

#business #lukoil #oil-assets

business6 months ago•6 min saved

US Sanctions Threaten Lukoil's Overseas Assets Amid Market Turmoil

Lukoil faces a crisis after the US blocked its deal with Gunvor due to sanctions, risking a €14bn asset loss and raising the possibility of a takeover by Rosneft, as the company’s international expansion is halted and domestic prospects are limited.

via Financial Times|

#business #gunvor #kremlin

business6 months ago•3 min saved

US Sanctions Hit Russian Oil Giants, Halting Iraqi Operations

Lukoil has declared force majeure at its West Qurna-2 oil field in Iraq due to U.S. sanctions, halting its operations and risking a complete exit if unresolved within six months, amid failed asset sales and broader energy sector instability.

via Meduza|

#business #force-majeure #iraq

business6 months ago•2 min saved

Lukoil Declares Force Majeure Amid US Sanctions Impact

Lukoil declared force majeure on oil shipments from its West Qurna 2 field in Iraq due to US sanctions, impacting its international operations and leading to canceled cargoes, with the field's operatorship transferred to Iraqi firms to maintain production.

via Bloomberg.com|

#business #force-majeure #iraq

business6 months ago•3 min saved

Lukoil Faces Sanctions and Disruptions Amid US and Political Pressures

Lukoil has declared force majeure at Iraq's West Qurna-2 oilfield due to US and UK sanctions disrupting its operations, leading to halted payments and potential exit from the project if issues persist beyond six months.

via Reuters|

#business #force-majeure #iraq

world6 months ago•3 min saved

Bulgaria Moves to Seize Russian-Linked Oil Refinery Amid Geopolitical Tensions

Bulgaria's parliament has passed laws to take control of the Lukoil Neftochim refinery in Burgas following US sanctions against the Russian oil company, allowing for potential nationalization and sale of shares, amid concerns over legal and economic risks.

via The Moscow Times|

#bulgaria #lukoil #nationalization

business6 months ago•3 min saved

Gunvor Withdraws $22B Lukoil Deal Amid US Sanctions and Allegations

Swiss trader Gunvor withdrew its $22 billion bid to acquire Lukoil's assets after U.S. sanctions branded the company a 'Kremlin puppet' and blocked the deal, leaving Lukoil's international operations uncertain.

via The Moscow Times|

#business #gunvor #lukoil

world6 months ago•0 min saved

Gunvor withdraws Lukoil bid amid US sanctions

Gunvor has withdrawn its offer to acquire Russia’s Lukoil amid increasing US sanctions and geopolitical tensions, with NATO downplaying troop withdrawals as Russian hybrid attacks intensify and European countries like Bulgaria and Hungary grappling with energy sanctions and supply issues.

via politico.eu|

#energy-sanctions #lukoil #nato

business6 months ago•2 min saved

Russian Oil Industry Faces Sanctions and Market Shifts

Lukoil has accepted an offer from Gunvor to sell its foreign assets due to US sanctions, marking a significant response by a Russian company to Western sanctions over the Ukraine conflict. The deal is pending US approval and involves Lukoil's international operations, including major assets in Iraq, Bulgaria, and Romania.

via CNN|

#business #gunvor #lukoil

world7 months ago•2 min saved

Lukoil to Sell International Assets Amid Trump Sanctions

Lukoil is selling its international assets in response to U.S. sanctions aimed at pressuring Russia to cease its war in Ukraine, with transactions ongoing under a sanctions grace period. The sanctions restrict Lukoil's global business, especially affecting its sales to India and China, and have led to increased geopolitical tensions and shifts in oil flows. The company and Russia are seeking ways to navigate these restrictions amid broader international economic pressures.

via AP News|

#lukoil #oil #russia

business7 months ago•2 min saved

Russia's Lukoil Plans Asset Sales Amid Sanctions Impact

Lukoil plans to sell its international assets following Western sanctions related to Ukraine, marking a significant move by a major Russian oil company. The sale is conducted under an OFAC wind-down license, with potential bids being considered, and includes assets like the Iraq West Qurna 2 oil field and refineries in Bulgaria and Romania.

via Reuters|

#business #energy-industry #international-assets

business7 months ago•0 min saved

Lukoil to Divest Foreign Assets Amid U.S. Sanctions

Russia's Lukoil plans to sell its foreign assets due to the impact of US sanctions, as the company faces increased financial pressure and seeks to mitigate risks associated with international restrictions.

via politico.eu|

#business #energy-companies #foreign-assets