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flag Carlyle explores $22B purchase of Lukoil’s global assets amid U.S. sanctions and Kremlin influence concerns.

flag 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. flag The move comes amid escalating U.S. sanctions targeting Russia’s oil sector, with a November 21 deadline for transactions involving Lukoil and Rosneft. flag 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. flag 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. flag Both Carlyle and Lukoil have declined to comment.

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