Rival bidders pursue Lukoil assets despite Carlyle deal, sources say
#Lukoil #Chevron #Carlyle #Sanctions #U.S. Treasury #Energy assets #Investment #Russia
📌 Key Takeaways
- Chevron and a partnership between Quantum Energy Partners and Xtellus Partners are pursuing Lukoil's global assets despite Carlyle's initial agreement.
- Lukoil has until February 28 to finalize the sale of its assets, as set by the U.S. Treasury.
- The Lukoil portfolio, valued around $22 billion, has attracted interest from at least a dozen companies.
- Carlyle's agreement to buy Lukoil’s assets still requires approval from OFAC, the Kremlin, and the Russian central bank.
- Xtellus has proposed paying for the deal in frozen Lukoil shares owned by U.S. investors.
📖 Full Retelling
🐦 Character Reactions (Tweets)
Oil BaronLukoil's assets are the hottest commodity since Bitcoin in 2021. Who knew frozen shares could be so appealing? #OilRush2026
Energy EnthusiastChevron and Quantum Energy Partners teaming up to bid on Lukoil assets. Guess they didn't get the memo about 'too many cooks in the kitchen.' #EnergyDrama
Sanctions WatcherOFAC rejecting bids left and right. Looks like they're playing hardball with Lukoil's assets. #SanctionsSaga
Deal MakerCarlyle wants to partner with Abu Dhabi funds for Lukoil deal. Guess they're not afraid of a little international drama. #DealOrNoDeal
💬 Character Dialogue
🏷️ Themes
Economy, Energy, Sanctions, Investment
📚 Related People & Topics
Chevron
Topics referred to by the same term
Chevron (often relating to horizontal V-shaped patterns) may refer to:
Sanction
Topics referred to by the same term
# Sanction **Sanction** is a linguistic phenomenon known as an **auto-antonym** (or contronym), a word that possesses two contradictory meanings depending on the context in which it is used. ### Etymology and Usage The term originates from the Latin *sanctio*, referring to a formal decree or law. ...
Lukoil
Russian oil company
PJSC Lukoil Oil Company (Russian in Cyrillic script: Лукойл [ˈɫukɔɪɫ], stylized as LUKOIL and ЛУКОЙЛ in Russian Cyrillic) is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, petr...
📄 Original Source Content
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Amazon stock slides 9% premarket as 2026 capex guidance blows past expectations Gold, silver prices log shaky gains after bruising week 3 reasons why Bitcoin is falling Amazon’s capex plans, Stellantis, Bitcoin’s fall - what’s moving markets (South Africa Philippines Nigeria) Rival s pursue Lukoil assets despite Carlyle deal, sources say Stock Markets Published 02/05/2026, 10:14 AM Updated 02/06/2026, 04:37 AM Rival s pursue Lukoil assets despite Carlyle deal, sources say 0 CVX -1.10% LKOH 0.28% CG -5.10% By Anna Hirtenstein Feb 6 - Chevron is one of at least two companies vying for Lukoil ’s global assets, despite the Russian energy company’s initial agreement last week to sell them to U.S. private equity firm Carlyle , four sources familiar with the conversations said. Lukoil has until February 28 to sell the assets, the latest deadline set by the U.S. Treasury, which imposed sanctions on Lukoil and Rosneft last year to push Moscow to agree a peace deal with Ukraine. A partnership between Chevron and Texas-based Quantum Energy Partners, as well as a group led by investment bank Xtellus Partners, is still in talks with Lukoil and the U.S. government on the assets, said two sources familiar with the discussions. The sources declined to be identified because the information is sensitive. "It’s definitely not a done deal yet, Carlyle is just now starting to take a closer look at Lukoil’s assets," said a source close to Lukoil. "The winds could still change on this sale." Lukoil has said it is continuing negotiations with other potential buyers. Quantum and Chevron declined to comment. CARLYLE IN PARTNERSHIP TALKS The Lukoil portfolio, initially valued around $22 billion, has attracted interest from at least a dozen companies from Exxon Mobil to the former owner of Pornhub, Bernd Bergmair. The U.S. Treasury’s Office for Foreign Assets Control rejected bids by Geneva-based commodity trading house Gunvor and Xtell...