U.S. oil major Chevron is examining options to acquire parts of the sanctioned Russian company Lukoil’s global asset portfolio, five sources familiar with the discussions told Reuters. Last week, the U.S. Treasury gave potential buyers permission to hold talks with Lukoil regarding its foreign assets.
If it proceeds, Chevron would join private equity giant Carlyle and other interested bidders looking at Lukoil’s international portfolio, valued at a minimum of 20 billion dollars. The United States issued sanctions last month against Lukoil and Rosneft as part of President Donald Trump’s strategy to push Moscow toward peace negotiations with Ukraine.
Read full article here: turnovernews.com
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