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flag Kazakhstan seeks U.S. approval to buy Lukoil’s stakes in its energy projects before Feb. 28, 2026 deadline.

flag Kazakhstan has formally asked the U.S. permission to purchase Lukoil's energy projects, such as the Karachaganak and Tengiz oilfields and a portion of the Caspian Pipeline Consortium, using preemption rights. flag The action comes after U.S. sanctions against Lukoil, which mandate that the business sell off its foreign holdings by February 28, 2026. flag The U.S. is still reviewing the request. flag Any transaction must be approved by the Office of Foreign Assets Control (OFAC).

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