Kazakhstan Seeks U.S. Approval to Buy Lukoil’s Kazakh Assets

Kazakhstan Seeks U.S. Approval to Buy Lukoil’s Kazakh Assets

Kazakhstan has filed a formal bid with the U.S. Treasury seeking authorization to buy out the Kazakh assets of Russia’s sanctioned oil firm Lukoil, Kazakhstan’s Energy Minister Yerlan Akkenzhenov said on Wednesday.   The United States sanctioned Lukoil at the end of October, which prompted the Russian firm, the country’s second-largest oil producer, to seek a sale of its foreign assets. Soon after, Lukoil accepted a bid from trading house Gunvor…

Kazakhstan says it submits formal bid to US to acquire local Lukoil assets

ASTANA, Jan 28 : Kazakhstan has submitted a formal bid to the U.S. authorities to acquire Russian oil producer Lukoil's stakes in the country's energy projects, Energy Minister Yerlan Akkenzhenov said on Wednesday. Lukoil was sanctioned by the U.S. last October in what Washington said was a response to slow p

Kazakhstan Shifts Strategy, Eyes U.S. Energy Ties Amid Russian Sanctions

Kazakhstan’s recent diplomatic maneuvers and strategic energy discussions with the United States signal a significant shift in its geopolitical and economic strategy. The Central Asian nation’s request to purchase assets from the sanctioned Russian oil company Lukoil, coupled with its engagement with the U.S. on expanding energy cooperation, underscores a growing determination to mitigate risks… Source

Energy Ministry submits request to U.S. on potential buyout of Lukoil’s assets