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Carlyle explores $22B purchase of Lukoil’s global assets amid U.S. sanctions and Kremlin influence concerns.
U.S. private equity firm Carlyle is exploring a potential $22 billion deal to acquire Lukoil’s international assets, including refineries, oilfield stakes, and fuel stations worldwide, after the U.S. blocked a prior sale to Swiss trader Gunvor over concerns about Kremlin influence.
The move comes amid escalating U.S. sanctions targeting Russia’s oil sector, with a November 21 deadline for transactions involving Lukoil and Rosneft.
Carlyle, which manages $474 billion in assets, is in early talks, has applied for a license, and may have a better chance of approval than Gunvor due to its reputation.
The assets produce about 0.5% of global oil, and due diligence could proceed quickly before the sanctions deadline, though nationalization efforts in some countries add complexity.
Both Carlyle and Lukoil have declined to comment.
Carlyle explora la compra de $ 22 mil millones de activos globales de Lukoil en medio de sanciones estadounidenses y preocupaciones sobre la influencia del Kremlin.