Baku 8° C
Lukoil to sell overseas assets
Region
- 28 October, 2025
- 08:42
Lukoil is going to start selling its overseas assets due to sanctions imposed on the company, the Russian oil major said, Report informs via TASS.
"The company announces its intention to sell its international assets. The consideration of bids from potential purchasers has been started," Lukoil informed.
The sale of the assets is conducted under the wind down license from the US OFAC.
"If necessary the Company plans to apply for extension of the license to ensure uninterrupted operations of its international assets," Lukoil added.
Latest News
17:58
Azerbaijan produces 199,000 tons of steel pipes in January–November
Business17:47
Geogia arrests former defense minister Bacho Akhalaia
Foreign policy17:38
Photo
10 families relocated to Vangli village in Azerbaijan's Aghdara receive house keys
Domestic policy17:28
China issues drafts rules to regulate AI with human-like interaction
ICT17:13
Georgia exports $197M worth of cars to Azerbaijan in January–November
Business17:09
Army chief says Switzerland can't defend itself from full-scale attack
Other countries16:53
Zelenskyy to meet Canada's PM before talks with Trump in Florida
Other countries16:40
Azerbaijani manat's circulation velocity stands at 3.38 points
Finance16:26