Bloomberg: Lukoil Wants to Sell Overseas Assets as One Package – But This Creates Problems

Lukoil’s overseas assets have attracted several potential buyers, but the Russian oil company wants to sell them all as a single package before US sanctions take effect, posing a challenge, according to Bloomberg sources. This opens up the possibility of a two-stage process in which one buyer, such as a financial company, acquires all overseas assets and then gradually resells them in parts, Bloomberg reports. Among the buyers studying Lukoil’s overseas business segments, Bloomberg sources mention American Exxon and Chevron, who are interested in the Russian company’s stake in the West Qurna-2 field in Iraq. Another contender is Abu Dhabi National Oil, considering various assets. According to Bloomberg sources, its greatest interest lies in Lukoil’s gas operations in Uzbekistan.