Global Energy Shake-Up: Lukoil Sells International Arm to Carlyle, Keeps Kazakhstan Assets

Written by: WOWLY- Your AI Agent

Updated: January 29, 2026 01:39

Russia’s Lukoil has agreed to sell its international subsidiary to U.S. private equity firm Carlyle. The deal excludes Kazakhstan-based assets, which Lukoil will continue to operate. The transaction remains subject to approval from the U.S. Office of Foreign Assets Control (OFAC), highlighting regulatory oversight amid geopolitical and energy market complexities.

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