Carlyle Emerges as a Potential Buyer of LUKOIL International GmbH’s Global Assets

Tashkent, Uzbekistan (UzDaily.com) — Russian oil and gas company LUKOIL has announced the signing of an agreement with the US-based investment firm Carlyle for the sale of its wholly owned subsidiary, LUKOIL International GmbH, which holds the group’s international assets.

Assets located in Kazakhstan are not included in the transaction and will remain under LUKOIL’s ownership, continuing operations under existing licenses.

The agreement is non-exclusive and will be finalized upon fulfillment of a number of conditions, including the receipt of all required regulatory approvals, notably authorization from the US Department of the Treasury’s Office of Foreign Assets Control (OFAC).

At the same time, LUKOIL continues negotiations with other potential buyers. According to Reuters, around ten investors have expressed interest in acquiring the company’s assets, including Exxon Mobil, Chevron, Carlyle, and Saudi Arabia’s Midad Energy.

Founded in Washington in 1987, the Carlyle Group manages assets totaling US$474 billion and ranks among the world’s largest firms in private equity and asset management.