American companies join forces to buy Lukoil’s assets
7 January 10:12
The American companies Chevron and Quantum Energy Partners are planning to merge to buy the foreign assets of the Russian company Lukoil.
This was reported by the Financial Times (FT) newspaper, citing sources, "Komersant Ukrainian" reports.
It is noted that if the purchase takes place, the companies plan to divide Lukoil’s assets among themselves. The Russian company’s foreign assets amount to $22 billion.
The deal may include the entire portfolio of Lukoil’s foreign assets, including more than two thousand gas stations in Europe, Asia and the Middle East.
In late December, Jim Rogers, co-founder of Quantum Fund with George Soros, announced his potential interest in the international assets of the Russian oil and gas company Lukoil. According to Bloomberg, Exxon Mobil and Chevron are also potential bidders for Lukoil’s assets.
Earlier, Politico wrote that former senior advisor to US President Donald Trump Brian Lanza became a consultant to Lukoil’s international division on the sale of its foreign assets. According to the source, Lanza is working on the sale of assets to the American investment bank Xtellus Partners, which has offered a cashless exchange of shares.
Sanctions against Lukoil
Sanctions were introduced in October 2025 as part of pressure on Russia over its war against Ukraine. They are aimed at limiting the financial resources of large Russian companies and affecting the Russian economy. Against this backdrop, several EU countries with Lukoil refineries have begun to look for solutions to prevent the shutdown of the plants.
For example, the Bulgarian parliament allowed the government to appoint a new refinery manager. The refinery may be nationalized and then sold to new owners.
By the way, on November 30, 2025, Ukraine also imposed sanctions against Rosneft and Lukoil, as well as Russians who organize massive drone attacks on Ukrainian cities.
