Overview
- Reuters reports Chevron is exploring buying select foreign assets of LUKOIL, focusing on operations that align with its existing portfolio.
- Investment firm Carlyle has shown early-stage interest in some LUKOIL assets, according to Reuters.
- Bulgaria has formally entered Rumen Spetsov into the Trade Register as special manager for LUKOIL’s local refinery assets following a cabinet decision on November 14.
- Hungarian foreign minister Péter Szijjártó said domestic energy companies may pursue LUKOIL’s Bulgarian operations and would receive government support.
- OFAC has permitted transactions tied to LUKOIL asset sales through December 13, with a separate license allowing certain Bulgaria-related dealings until April 29, 2026, after an earlier prospective deal with Gunvor collapsed over licensing.