Story perspectives

Global Powers Eye Lukoil's Assets Amid U.S. Sanctions

11/13/2025

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Summary

Story summary

U.S. sanctions take effect on November 21, threatening disruption to Lukoil's foreign operations.
Kazakhstan's KazMunayGas and Shell are exploring acquisitions of Lukoil's assets in Iraq, Ghana, and Nigeria.
Moldova may nationalize Lukoil's infrastructure at Chisinau airport.
Bulgaria is moving toward seizing Lukoil's Burgas refinery, pending legal adjustments.
Experts say Lukoil could follow Rosneft's model, with assets remaining under foreign control while still owned by the company.

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Story summary

U.S. sanctions take effect on November 21, threatening disruption to Lukoil's foreign operations.
Kazakhstan's KazMunayGas and Shell are exploring acquisitions of Lukoil's assets in Iraq, Ghana, and Nigeria.
Moldova may nationalize Lukoil's infrastructure at Chisinau airport.
Bulgaria is moving toward seizing Lukoil's Burgas refinery, pending legal adjustments.
Experts say Lukoil could follow Rosneft's model, with assets remaining under foreign control while still owned by the company.