US EditionSaudi Firm Midad Among Frontrunners to Buy Lukoil's Global ...
8 Articles
8 Articles
Saudi Firm Midad Emerges as Leading Bidder for Lukoil’s Global Assets
Saudi Arabia’s Midad Energy has emerged as one of the leading contenders to buy Russian oil major Lukoil’s international assets, a deal that could reshape ownership of roughly $22 billion worth of oilfields, refineries, and fuel stations as U.S. sanctions force Moscow-linked firms to unwind overseas holdings, according to people familiar with the matter. Lukoil is seeking to sell its foreign operations after sweeping U.S. sanctions imposed in Oc…
Geopolitical Gambit: How a Saudi Bid Could Redraw the Global Energy Map
NEWS BRIEF Saudi Arabia’s Midad Energy has positioned itself as a leading bidder for Lukoil’s $22 billion international portfolio, leveraging Riyadh’s diplomatic ties with both Moscow and Washington. The sale of Lukoil’s global assets, forced by sweeping U.S. sanctions, could reshape energy alliances, with Midad proposing an all-cash deal to be held in escrow until […] The post Geopolitical Gambit: How a Saudi Bid Could Redraw the Global Energy …
Midad Energy, unlike many other interested parties, has very good relations with both Moscow and Washington.
The Middle Energy, of Saudi Arabia, emerged as a...
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