🔗 Share this article

The foreign oil refineries and other assets of Russian company Lukoil are drawing interest from investors as time runs out to strike cheap deals before American restrictions come into force on 21 November.

International Liquidation Efforts

Kazakhstan's state firm KazMunayGas is evaluating an offer for Lukoil's Kazakh operations, according to sources familiar with the matter.

Shell has demonstrated curiosity in Lukoil's offshore holdings in Ghana and Nigeria, industry observers stated.

Government Takeovers

Moldovan authorities has started talks to acquire Lukoil's facilities at the capital's airport.

The Bulgarian government is pursuing seizing and reselling Lukoil's Bulgarian oil plant, although the country's president have sought amendments to the proposed law.

In Egypt, Lukoil has suggested to the authorities its consideration to liquidate holdings, according to insiders.

Business Conundrum

The company confronts either selling its assets and having the proceeds potentially seized, or their takeover by host nations if it does not sell them.

Industry experts indicate Lukoil may try to follow Russian oil firm Rosneft, whose three German refineries were put under a trusteeship in 2022.

War Situation

Moscow's forces seized several communities in the occupied zones of the conflict area.

Weather conditions enabled invading forces to penetrate military posts, with Ukrainian units engaged in gruelling battles to defend their positions.

Humanitarian Crisis

At Huliaipole, where the situation had worsened significantly, senior citizens described dangerous circumstances.

• Unmanned aircraft created unbearable risks
• Lack of pharmaceuticals impacted those in need
• Drinking water shortages added to difficulties

Official Statements

Urban administrator Vitaly Klitschko has proposed the nation to boost its fighting numbers by reducing the minimum age of draft eligibility.

Foreign officials have remarked about the power industry corruption in Ukraine, describing it as deeply concerning and stressing the importance for immediate action.

Leadership Changes

Head of state the administration has taken steps to manage growing public outrage by firing two ministers allegedly connected in a major graft operation.

Government officials also demanded targeted measures against the alleged organiser of the operation, who reportedly fled abroad before investigators could execute a search operation.