Lukoil, Russia's second-largest oil producer, plans to divest its international assets. Lukoil's international portfolio includes 5,300 retail fuel stations across 19 countries, refineries in Europe and upstream businesses in seven countries.
The sale of Lukoil's international assets marks a significant shift in the company's global strategy and this move could have far-reaching consequences for the international energy landscape.
The success and speed of the divestment process may depend on various factors, including the geopolitical climate, potential buyers' willingness to acquire these assets, and the ongoing developments in Ukraine.
As the situation unfolds, stakeholders in the global energy sector will likely be closely watching the impact of these sanctions and Lukoil's divestment on international oil markets and geopolitical dynamics.
Full story Lukoil to Divest International Assets Amid US and UK Sanctions
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