Public Event Detail
Rival bidders pursue Lukoil assets despite Carlyle deal, sources say
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Event summary
Despite Lukoil's initial agreement to sell its global assets to U.S. private equity firm Carlyle last week, at least two other companies, including Chevron, are still vying for the portfolio. The Russian energy company faces a February 28 deadline set by the U.S. Treasury, which sanctioned Lukoil to pressure Russia into a peace deal with Ukraine. The deal with Carlyle is not yet finalized and requires approval from the Office of Foreign Assets Control (OFAC), in addition to the Kremlin and the Russian central bank.