Overview
- OFAC extended authorization for certain operations at Lukoil-branded gas stations outside Russia, including in the United States, through April 29, 2026.
- The sale of Lukoil’s Vienna-based international business proceeds under U.S. Treasury oversight with a December 13 deadline to enter talks, and any deal will require U.S. approval.
- Reuters reports interest from Exxon Mobil, Chevron, Hungary’s MOL and Middle Eastern investors in acquiring portions of Lukoil’s foreign portfolio.
- Austrian investor Bernd Bergmair told the Treasury he is interested in Lukoil International GmbH, describing the business as an attractive investment, according to Reuters.
- The U.S. previously rejected Gunvor as a buyer, and MOL’s ambitions include European refineries, retail networks and stakes in Kazakhstan and Azerbaijan, with Viktor Orbán having discussed the plans with President Donald Trump.