International energy giants Exxon Mobil and Abu Dhabi National Oil Company (ADNOC) have joined the list of potential buyers for the assets of Russian “Lukoil,” which are subject to American sanctions. Interested parties are analyzing various aspects of the company’s operations, but most are only considering the acquisition of specific assets. Meanwhile, “Lukoil” is attempting to sell all its foreign assets as a single package before the U.S. sanctions come into effect, scheduled for December 13.
This is reported by Finway
American Companies Among the Main Contenders
The administration of U.S. President Donald Trump prefers that Lukoil’s global assets be transferred to an American company, narrowing the pool of potential buyers. Currently, Exxon Mobil and Chevron are analyzing Lukoil’s stake in the Iraqi oil field “West Qurna-2.” Additionally, Exxon is interested in joint operations with “Lukoil” in Kazakhstan, particularly in the development of the Karachaganak and Tengiz fields.
Interest from Other Players and the Impact of Sanctions
At the same time, ADNOC is considering the possibility of acquiring various assets, with particular attention to Lukoil’s gas extraction projects in Uzbekistan. Meanwhile, the Finnish gas station network Teboil, owned by a Russian company, is preparing to close 430 stations due to the implementation of U.S. sanctions.
Furthermore, Russian shareholders have agreed to sell their stake in the Serbian oil company NIS, where Russia holds a 56.15% share. 29.87% of NIS shares belong to Serbia, with the remainder held by minority owners.
“Potential buyers are familiarizing themselves with various aspects of the extensive international business of the Russian energy giant, but some are only interested in acquiring specific assets. In contrast, ‘Lukoil’ aims to sell the assets as a single package before U.S. sanctions take effect on December 13.”