Carlyle's $22B Lukoil Deal Stalls as US Approval Drags on for Nearly 10 Months, Leaving European Refineries Idle
13 Articles
13 Articles
The sale of LUCYL's foreign assets, valued at $20 billion, to the American private investment group Carlyle, has been in the process of being negotiated by the U.S. government for almost 10 months.
A transaction of about 20 billion dollars for Lukoil's international assets awaits the final approval in the United States for months. Among the assets targeted is also the Petrotel refinery in Ploiești, whose refining capacity remains unused during a tense period for the fuel market.
The deal to transfer Lukoil's foreign oil business, valued at $20 billion, to the American investment group Carlyle remains blocked in the approval procedure by the American authorities, according to sources familiar with the matter. Among the assets are the refinery in Bulgaria, Romania's Petrotel and a 45 percent stake in the Zeeland refinery in the Netherlands, the Financial Times reports, quoted by BTA. Blockage The proposed deal covers acti…
A transaction through which Lukoil's 20 billion dollar international oil activity would have been transferred to the American private equity group Carlyle remained stuck in the US government's approval process for nearly 10 months, leaving unused part of the refining capacity, even as world fuel prices rise sharply, writes Financial Times in an article published yesterday. The proposed agreement remained stuck in the US government's approval pro…
The deal to sell the foreign assets of the Russian oil company Lukoil, including the refinery in Bulgaria, remains blocked in the approval procedure by US authorities.
The deal to sell Lukoil's international business worth $20 billion to the American investment group Carlyle remains blocked by the administration of President Donald Trump, the Financial Times reports.
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