People walk past a logo of Lukoil during the annual energy industry event Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, November 3, 2025. REUTERS
MOSCOW, Jan 29 (Reuters) – Russia’s No.2 oil producer Lukoil said on Thursday it has agreed to sell its unit, LUKOIL International GmbH, which oversees the company’s foreign assets, to U.S. private equity firm Carlyle Group.
It also said Lukoil would retain ownership of its assets in Kazakhstan.
Lukoil and Russia’s largest oil producer Rosneft were sanctioned by the U.S. last October in what Washington said was a response to slow progress in peace talks between Russia and Ukraine.
The move has forced Lukoil to dispose of its overseas business.
Reporting by Vladimir Soldatkin and Olesya Astakhova; Editing by Himani Sarkar
