Overview
- The Treasury authorized Lukoil-branded fuel stations outside Russia to continue operating until April 29, 2026, allowing service to continue in markets that include the United States.
- Hungary’s MOL notified U.S. officials it is interested in purchasing European refineries and fuel stations from Lukoil as well as stakes in Kazakhstan and Azerbaijan, Reuters reported via three sources.
- Lukoil is in talks with Exxon Mobil, Chevron and investors from the Middle East ahead of the Dec. 13 U.S. negotiation deadline, and the Treasury declined to comment, according to Reuters.
- Austrian investor Bernd Bergmair said he contacted the Treasury about a potential purchase and described Lukoil International GmbH as a strong investment, while not specifying targeted assets.
- Sanctions announced on Oct. 22 pushed Lukoil to seek buyers for foreign holdings, and a prior prospective bidder, Gunvor, withdrew after U.S. opposition, Reuters reported.