Lukoil | Egypt Oil & Gas

TotalEnergies Reports Net Income of $2.9 billion in Q4 2025, Takes Full Ownership of Zeeland Refinery

TotalEnergies, a global integrated energy major, achieved net income of $ 2.9 billion in the fourth quarter (Q4) 2025, decreasing by 21% compared to the third quarter (Q3) of 2025. The company’s adjusted Earnings Befo...

Carlyle Explores UAE Partnerships for $20 Bn Acquisition of Lukoil’s Global Assets

US private equity giant Carlyle has initiated exploratory talks with state-linked investors in the United Arab Emirates (UAE) to potentially partner on the acquisition of Lukoil’s international asset portfolio, curren...

Chevron Seeks Improved Terms to Buy Iraq’s West Qurna 2 Oilfield from Lukoil

U.S. oil major Chevron is pressing Iraq to improve returns on the giant West Qurna 2 oilfield as a condition for acquiring the project from Russia’s Lukoil,  Reuters reported citing three sources familiar with the mat...

India’s BPCL Secures Middle Eastern Crude Deals Amid Russian Supply Pivot

Bharat Petroleum Corporation Ltd (BPCL), the second largest Indian Oil Marketing Company, secured one-year term deals for Iraqi and Omani crude grades as Indian refiners pivot back toward Middle Eastern suppliers to m...

US Grants Lukoil More Time to Exit Global Holdings

Washington extended the timeframe granted to Russia’s sanctioned energy major Lukoil to arrange sales of its international holdings, setting the new cutoff at February 28, giving the company additional time to negotia...

Saudi Midad Energy Eyes $22bn Lukoil Overseas Portfolio

Saudi Arabia’s Midad Energy has become a key contender to acquire the international assets of Russian oil major Lukoil, three sources familiar with the discussions told Reuters. The portfolio, estimated at appro...

Exxon Mobil Eyes Lukoil’s Stake in Iraq’s West Qurna 2 Giant

ExxonMobil has approached Iraqi oil ministry officials to express interest in acquiring Lukoil’s majority share in the West Qurna 2 oilfield, Reuters reported. The field holds approximately 13 billion barrels of...

Exxon Mobil, Chevron Weigh Bids for Lukoil International Assets

US oil giant Exxon Mobil is evaluating potential acquisitions of Russian Lukoil overseas assets, sources familiar with the talks told Reuters. This places Exxon Mobil alongside rival Chevron, which is also reviewing o...

Chevron Joins Race for Lukoil’s International Assets, Sources Say

US oil giant Chevron is reviewing potential opportunities to acquire international assets owned by sanctioned Russian producer Lukoil, five sources told Reuters on November 17. This move follows a US Treasury waiver i...

U.S. Eases Restrictions to Facilitate Potential Sale of Lukoil’s Foreign Assets

The US Treasury Department has granted limited authorizations to facilitate the potential sale of Lukoil’s foreign assets while explicitly permitting continued transactions with the company’s Burgas refinery in ...

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