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Lukoil

All articles tagged with #lukoil

war1 month ago•149 min saved

Ukraine strike pushes Russian refinery offline again, widening fuel crisis

Ukraine strikes hit Lukoil-Nizhegorodorgsintez (NORSI) in Kstovo, Russia's Nizhny Novgorod region, causing a fire and forcing the refinery—Russia's fourth-largest and Lukoil's largest—to suspend operations; the outage accounts for about 53% of the plant’s capacity (around 17 million tons per year), adding to a wave of refinery shutdowns since June, as Kyiv says the strikes aim to reduce Russia's military and economic potential while Moscow relaxes gasoline standards to ease a domestic fuel crisis.

via The Kyiv Independent|

#drone-strike #lukoil #oil-refineries

world2 months ago•5 min saved

Drones strike Volgograd oil refinery, forcing production halt

Ukraine says its drones hit the Volgograd oil refinery, damaging several refining units and forcing production to halt; the Lukoil-owned plant is a key fuel hub for Russia’s front-line logistics and the Black Sea Fleet, and has been targeted in prior attacks.

via The Kyiv Independent|

#lukoil #oil-refinery #russia-ukraine-conflict

war3 months 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

business6 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

business6 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

business8 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

business9 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

business9 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

business9 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

business9 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

world9 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

business9 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

world9 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

business9 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

world10 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