U. S. private equity firm Carlyle is considering buying foreign assets from Russian oil company Lukoil, which has been sanctioned by the U. S. as part of efforts to influence peace talks regarding Ukraine.
Lukoil, which holds about 2% of global oil output, is trying to sell these international assets, valued at approximately $22 billion.
Carlyle is in the early stages of this exploration and is looking to apply for a U. S. license to proceed with due diligence, though it may decide to back out of the deal. Lukoil has been informed of Carlyle’s intentions.
Lukoil has been a significant player in the oil market outside Russia, with operations in several countries and disruptions caused by sanctions affecting its activities in Iraq, Finland, and Bulgaria.
With information from Reuters
