“Lukoil” announced the sale of foreign assets to the American fund Carlyle

The Russian oil company “Lukoil” concluded an agreement to sell its foreign assets to the American investment fund Carlyle. – this is reported by the Russian service of Radio Liberty with reference to the press service of the company.

The scope of the agreement does not include assets in Kazakhstan – they will remain owned by the Russian company and will continue to operate under the current license.

The deal still needs to be approved by the US Treasury’s Office of Foreign Assets Control.

“The company also continues negotiations with other potential buyers,” the press service said.

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Lukoil announced its intention to sell its foreign assets after implementation of US sanctions in October 2025. The company owns three refineries in Europe, interests in oil fields in Kazakhstan, Uzbekistan, Iraq, Mexico, Ghana, Egypt and Nigeria, as well as hundreds of retail gas stations around the world, including in the United States.

Initially, the Swiss company Gunvor, associated with Vladimir Putin’s friend Gennady Timchenko, announced its intention to buy Lukoil’s foreign assets. However, it abandoned its plans after the US Treasury Department made it clear that it would not approve the deal – at least not until Russia’s hostilities in Ukraine end.

After that, several companies showed interest in the assets of Lukoil, in particular, the large American oil companies Exxon Mobil and Chevron, the Hungarian oil and gas company MOL, as well as the former owner of Pornhub, the Austrian businessman Bernd Bergmayr.