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Chevron and Quantum Prepare $22 Billion Bid for Lukoil Assets
Chevron Corp. and Quantum Energy Partners plan to split Lukoil's $22 billion international portfolio, including refineries and 2,000+ filling stations across multiple continents.
- Chevron and private equity firm Quantum Energy Partners are teaming up to bid for Russian oil company Lukoil's international assets valued at $22 billion.
- If successful, Chevron and Quantum would divide the assets between them and commit to long-term ownership and operation.
- The US government suspended some sanctions against Lukoil to allow negotiations for the sale of its international assets.
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US oil giant Chevron interested in Russian Lukoil's foreign assets: report
US oil giant Chevron and private equity firm Quantum Capital Group have partnered on a bid for sanctioned Russian oil company Lukoil's international assets, valued at $22 billion, the Financial Times reported Wednesday.
The US energy companies Chevron and Quantum Capital Group are preparing an offer of $22 billion (20.3 billion) for the purchase of the international assets of the Russian group Lukoil, affected by sanctions, announced financial Times Wednesday.
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Coverage Details
Total News Sources52
Leaning Left5Leaning Right5Center11Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 24%
C 52%
R 24%
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