A major oil company is entering the race to acquire Lukoil's assets. The targeted portfolio has a value of 20 billion dollars
Lukoil petrol station, Photo: Laura Boushnak / AFP / Profimedia Images
The American oil group Chevron is evaluating several options for the purchase of the global assets of the Russian oil company Lukoil, several sources close to this file told Reuters on Monday, reports Agerpres.
Last week, the US Treasury allowed potential buyers to talk to Lukoil about its foreign assets. Chevron would have joined the Carlyle fund and other firms in the race for a portfolio of Lukoil assets worth at least 20 billion dollars.
The United States last month imposed sanctions on Russia's top two oil companies, Lukoil and Rosneft, as part of President Donald Trump's administration's efforts to force Moscow into peace talks with Ukraine.
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Sources cited by Reuters revealed that “Chevron is exploring options to buy Lukoil assets where the two companies overlap, rather than the entire portfolio.” Officially, Chevron informed that it respects the laws and regulations in force and does not comment on commercial issues.
Lukoil produces about 2 percent of global oil production in Russia and abroad and has said it is looking for buyers for its international assets, which produce 0.5 percent of global oil and are estimated to be worth about $22 billion based on 2024 accounting filings.
American private equity fund Carlyle is exploring options to buy Lukoil's foreign assets, several sources told Reuters. Lukoil owns three refineries in Europe, stakes in oil fields in Kazakhstan, Uzbekistan, Iraq, Mexico, Ghana, Egypt and Nigeria and hundreds of gas stations around the world, including in the United States.
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Lukoil owns a 13.5% stake in the Karachaganak oil field and 5% in the Tengiz oil field in Kazakhstan, whose shareholders include Chevron, Exxon Mobil, Eni and Shell. The two oil fields are the main source of crude oil for the CPC pipeline, which transports more than 1.6 million barrels of crude oil per day, or 1.5% of global oil demand, to global markets via Russia.
In Romania, Lukoil owns the Petrotel refinery and sells fuels through a network of 300 distribution stations.
