Story perspectives
Chevron Eyes Lukoil Assets Post-Sanctions Clearance
11/19/2025
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Story summary
- Chevron is exploring options to acquire overlapping assets from Lukoil after U.S. Treasury clearance.
- The United States has sanctioned Lukoil and Rosneft to pressure Russia over Ukraine.
- Chevron aims to buy portions, not the entire portfolio valued at about $20 billion.
- Iraq is weighing a six-month sanctions waiver to facilitate Lukoil's sale of its West Qurna 2 stake.
