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Exclusive: u.s. Treasury Rejects Xtellus-Led Bid for Lukoil Assets, Sources Say

Summary by Al Arabiya
The US Treasury has rejected an offer from a group led by US bank Xtellus Partners for the foreign assets of Russian oil company Lukoil, three people close

9 Articles

ReutersReuters
+3 Reposted by 3 other sources
Center

·United Kingdom
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With the elimination of Xtellus Partners, two more American oil companies, Exxon Mobil and Chevron, an investment fund, Carlyle, and of course the Hungarian Mol and a company based in Abu Dhabi are in the competition.

·Hungary
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The battle for Lukoil's foreign interests is intensifying after the US Treasury Department vetoed the bid of one of the most likely bidders. The decision narrowed the field by one player, leaving MOL still in the running for the Lukoil asset package, estimated to be worth around $22 billion, alongside global oil giants.

·Budapest, Hungary
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The US treasure has rejected the offer of an American banking group Xtellus Partners for the international assets of the Russian group Lukoil.

·Romania
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  • 50% of the sources are Center, 50% of the sources lean Right
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Portfolio broke the news in on Monday, December 15, 2025.
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