U.S. oil major Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday.
The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets. Chevron would join Carlyle and other firms in the race for the Lukoil portfolio worth at least $20 billion.
The United States last month imposed sanctions on Russia's two biggest oil companies, Lukoil (LKOH.MM), opens new tab and Rosneft (ROSN.MM), opens new tab, as part of efforts by President Donald Trump's administration to force Moscow into peace talks with Ukraine.
Full story Exclusive: Chevron joins race to explore potential purchase of Lukoil assets, sources say | Reuters
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