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Lukoil Put Foreign Assets on the Market, Including in Kazakhstan, because of Sanctions.
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Lukoil placed its foreign assets on the market following the imposition of sanctions on the company by the United States and the United Kingdom, and the news was of particular interest in Kazakhstan, because Lukoil owns shares in several oil companies – including the Caspian pipeline consortium – and how will the departure of so many large players from the Kazakh oil industry affect it, and whether local companies should look at Lukoil's assets …
Russian oil company Lukoil, which has been targeted by US sanctions, has announced that its foreign assets are to be acquired by trading company Gunvor Group. The deal is subject to several preconditions, including US approval.
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