Adnoc Shows Interest in Lukoil’s Assets in Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) — Abu Dhabi National Oil Co. (Adnoc) is considering the acquisition of assets of the Russian oil and gas company Lukoil in Uzbekistan, which are currently under U.S. sanctions, Bloomberg reports.

According to the agency, American oil majors Exxon and Chevron are showing interest in Lukoil’s stakes in Iraq and Kazakhstan. At the same time, Lukoil itself plans to sell its foreign assets as a single package.

In Uzbekistan, Lukoil operates under production sharing agreements (PSAs) on the Kandym–Khauzak–Shady and Southwest Gissar projects, engaging in gas extraction and processing, and manages a network of filling stations. The company’s total investments in the country exceed US$10 billion, making it one of the largest foreign investors in Uzbekistan’s gas sector.

In October 2025, the U.S. Department of the Treasury announced new sanctions against Russian oil companies Rosneft and Lukoil, as well as their subsidiaries.

The restrictions cover 28 subsidiaries of Rosneft and six subsidiaries of Lukoil based in Russia.