Lukoil posted a 2025 net loss after a $20 billion write-off on foreign assets hit by US sanctions, while the company valued Lukoil International at close to zero and kept the Carlyle deal pending.
Ukraine’s General Staff says its forces hit a Lukoil-operated rig at the Filanovsky field in the Caspian Sea and also damaged a nearby Russian military vessel, as both sides target energy infrastructure.
A Reuters report says Carlyle is reviewing whether to pursue Lukoil’s foreign assets as the Russian oil producer approaches a U.S. sanctions deadline. The asset package spans multiple regions and has faced transaction hurdles due to sanctions.
Lukoil declared force majeure at Iraq’s West Qurna 2 oilfield after US sanctions disrupted its operations and restricted US-dollar transactions, affecting one of the country’s key upstream projects.
Lukoil has accepted Gunvor’s offer to buy its international unit, Lukoil International, after sanctions triggered its divestment process.
