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Articles with tag "Lukoil"

U.S. Suspends Some Sanctions on Russian Oil Giant Lukoil

The decision partially suspends the measures decided in October by U.S. President Donald Trump.

Lukoil Co-Founder Leonid Fedun Sells Back His Stake in Company

Reuters estimated the value of the stake at about $7 billion.
1 Min read

Russia's Lukoil Calls On Bulgaria Not to Hinder Sale of Sanctioned Assets

Lukoil enjoyed a near-monopoly in Bulgaria through a network of oil depots, petrol stations and firms supplying ships and aircraft.
2 Min read

Russian Oil Revenues Slide to 2.5-Year Low as Sanctions Drive Asian Buyers Away

The International Energy Agency warned that sanctions on Rosneft and Lukoil “may have the most far-reaching impact yet on global oil markets.”
2 Min read

Chevron Weighs Purchase of Lukoil’s Overseas Assets After U.S. Eases Restrictions – Reuters

Chevron is assessing the purchase of Lukoil assets that overlap with its own interests, Reuters’ sources said.
2 Min read

Russian Oil Prices Sink as India and China Cut Purchases Ahead of U.S. Sanctions Deadline

The discount on Urals versus North Sea benchmark Brent widened to $23.51 per barrel, the largest since March 2023.
2 Min read

Lukoil Halts Iraqi Operations After Sanctions, Declares Force Majeure – Reuters

According to Reuters, Iraq’s state oil authorities have frozen all cash and crude payments to Lukoil in compliance with U.S. and British sanctions imposed...
2 Min read

Bulgaria Adopts Law to Take Control of Russia's Lukoil Refinery

Lukoil has owned the Neftochim plant, the largest oil refinery in the Balkans, since 1999.
2 Min read

Gunvor Pulls $22Bln Lukoil Deal After U.S. Labels Company ‘Kremlin Puppet’

The U.S. Treasury said the U.S. would “never” allow Gunvor to operate Lukoil’s assets while Putin “continues the senseless killings” in Ukraine...
2 Min read

Chinese Refiners Cut Russian Oil Imports Ahead of New U.S. Sanctions – Bloomberg

State-owned giants Sinopec and PetroChina have already canceled some shipments of Russian oil, Bloomberg cited traders as saying.
1 Min read

Lukoil Accepts Oil Trader Gunvor’s Offer to Buy International Assets After U.S. Sanctions

“The key terms of the transaction have been earlier agreed by the parties,” Lukoil said in a statement.
1 Min read

What New U.S. Sanctions on Rosneft and Lukoil Mean for Russia’s Oil Trade

Trump is seeking to pressure buyers of Russian oil and tighten financial pressure on the Kremlin as he seeks to end the war in Ukraine. Will it work?
4 Min read

Russia's Lukoil to Sell Overseas Assets After U.S. Sanctions

The sanctions are set to freeze all Rosneft and Lukoil assets in the United States and prohibit U.S. companies from doing business with them.
1 Min read

United Kingdom Declares ‘Russian Oil Is Off the Market’ as it Sanctions Rosneft and Lukoil

The British government accused Rosneft and Lukoil of either benefiting from or supporting the Russian government through their business dealings.
1 Min read

Lukoil Profits Drop Nearly 30% in 2024 Amid Asset Losses, Higher Taxes

Analysts said that one-off expenses, such as year-end asset write-offs and tax reassessment, were the main factors behind Lukoil’s profit decline.
2 Min read

Russia to Explore Mega Oil Merger – WSJ

The deal, combining Rosneft, Gazprom Neft and Lukoil would create the second-largest oil producer in the world.
2 Min read

Ukrainian Sanctions Halt Lukoil Deliveries to Slovakia, Hungary – Reports

Sanctions signed by Zelensky have effectively banned Russia’s second-largest oil producer Lukoil from using Ukraine as a transit hub.
1 Min read

Lukoil Mulls Over Selling Bulgarian Oil Refinery

Lukoil slammed plans by the Bulgarian government to end imports of Russian crude oil, saying that it may sell its refinery in the Black Sea nation.
2 Min read

Italy Puts Lukoil-Run Refinery Into State Supervision: Source

Italy has placed a refinery run by Russian oil giant Lukoil under provisional state supervision to avoid its closure and guarantee energy supplies, a government...

Northern Russia Oil Spill 4-5x Larger Than Initial Estimates, Officials Say

Environmentalists warn that the oil slick is moving toward the Arctic Ocean and will harm local birds and fish.
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