Overview
- Lukoil accepted Gunvor’s offer to acquire 100% of Lukoil International GmbH and agreed to negotiate exclusively, with key terms already aligned, according to TASS.
- Analysts cited by TASS estimate the sale process could run up to a year as the company evaluates bids under new restrictions.
- TotalEnergies is reviewing options to ensure compliant operations at the Zeeland refinery in the Netherlands, where it holds 55% and Lukoil’s Litasco holds 45%.
- Japan’s Inpex is assessing sanctions impacts on Iraq’s Block 10 (Eridu) with Lukoil as operator, while Shell declined to comment on any potential changes related to Karachaganak.
- U.S. sanctions now cover Lukoil and subsidiaries with carve‑outs for CPC and Tengizchevroil, and the U.K. added Lukoil to its list while excluding Karachaganak and Shah Deniz; Uzbekneftegaz said it is not pursuing a buyout of Lukoil’s Uzbek assets and is discussing project restrictions.