Rival bidders challenge Carlyle for Lukoil assets as deadline approaches
Chevron and other rivals are still pursuing Lukoil's assets despite a recent deal with Carlyle. The sale must close by February 28 to meet U.S. sanctions.
Insights:
Multiple rival bidders are actively pursuing the global asset portfolio of Lukoil, despite an initial agreement announced by The Carlyle Group Inc. on January 29. This competitive process for the sanctions-sensitive assets, which were initially valued at approximately $22 billion, remains under discussion as a critical February 28 deadline approaches. The outcome of the sale will ultimately be determined by which buyer can secure the necessary regulatory clearances, most notably from the United States 
US Treasury Office of Foreign Assets Control (OFAC).
US Treasury Office of Foreign Assets Control (OFAC).
