Russian oil company Lukoil on Thursday (29 January) informed that it signed an agreement with US investment company Carlyle on sale of Lukoil International GmbH, a 100% subsidiary of Lukoil which owns international assets of Lukoil Group.
“The transaction does not include the assets in Kazakhstan which will remain to be owned by LukoilGroup and continue their operations under respective license,” the company said.
The agreement signed is not exclusive for the company and is subject to some conditions precedent such as procurement of necessary regulatory approvals including permission of the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) for the transaction with Carlyle.
“The company also continues negotiations with other potential purchasers,” it added.
Lukoil International is on sale owing to restrictive measures introduced by some countries against the company and its subsidiaries.
Manifold Times previously reported OFAC extending the license that authorises negotiations and entry into contingent contracts with Russian oil company Lukoil for the sale of Lukoil International GmbH (LIG) or any of LIG’s majority-owned subsidiaries to 28 February.
Related: US extends license allowing sale of Lukoil’s overseas assets until 28 February
Photo credit: Jan Weber on Unsplash
Published: 2 February, 2026
