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Lukoil

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Lukoil Sale Tied to Ukraine Peace Talks
geopolitics6 days ago

Lukoil Sale Tied to Ukraine Peace Talks

The New York Times reports that U.S.-Russia negotiations to end the war in Ukraine now include a multibillion-dollar sale of Russian energy giant Lukoil’s global assets. The deal, which requires approval from both Washington and Moscow, involves oil fields, refineries, and gas stations worldwide. Key participants include U.S. investor Todd Boehly and Middle Eastern groups linked to U.S. negotiators Steve Witkoff and Jared Kushner. Russian President Vladimir Putin raised the proposal during a September 5 meeting, framing it as a way to demonstrate business ties with the U.S. while potentially lowering global energy prices. The transaction remains contingent on U.S. Treasury approval and lifting of sanctions, which would significantly increase the assets' value.

US Government and Gulf Allies Back Boehly Bid to Outbid Carlyle for Lukoil Assets
energy-and-mergers17 days ago

US Government and Gulf Allies Back Boehly Bid to Outbid Carlyle for Lukoil Assets

Todd Boehly has assembled a consortium including the US International Development Finance Corporation and Gulf billionaires to bid for Lukoil’s international assets, challenging the stalled deal with Carlyle Group. The assets, valued at $20 billion, include refineries in Europe and oil fields in Central Asia. The move raises questions about conflicts of interest as the US government simultaneously bids for and approves the sale.

Drone strikes expand as Ukraine hits Wildberries hub and Russian targets
world1 month ago

Drone strikes expand as Ukraine hits Wildberries hub and Russian targets

Ukraine’s wave of drone strikes across Russia and occupied eastern Ukraine killed at least 12 people and caused fires at a Lukoil NORSI refinery and a Wildberries logistics hub in Kotovsk. Kyiv said 16 targets were hit including oil facilities, airfields and logistics sites, amid civilian casualties reported in Lipetsk and Belgorod and a bus attack in the Lugansk region.

Ukraine strike pushes Russian refinery offline again, widening fuel crisis
war3 months ago

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.

Ukraine claims strike hits Russia’s large oil refinery and pumping station
war4 months ago

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.

U.S. Treasury Rejects Xtellus-Lukoil Asset Deal
business9 months ago

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.