Energy, Oil & Gas

Saudi-backed Midad signs term sheet with Lukoil for sanctioned assets: Report

Saudi Arabia-backed Midad Energy has signed a term sheet to acquire Russia’s sanctioned Lukoil assets in a high-stakes contest against rivals including private equity giant Carlyle Group, with the deal contingent on US regulatory approval, a Reuters report said citing three people familiar with the matter....

Energy, Oil & Gas

Carlyle 'in talks' with UAE partners on Russian Lukoil's $20bn overseas assets

US private equity firm Carlyle has begun talks with UAE investors to ‌bring in partners should its deal to buy Russian Lukoil's international assets worth $20 billion proceed, said a report. Lukoil boasts strategic stakes in European refineries as well as significant holdings in oil fields from Iraq to Kazakhstan. ...

Energy, Oil & Gas

Exxon explores buying Lukoil’s stake in Iraq’s West Qurna-2 oil field

Exxon Mobil has approached the Iraqi oil ministry to express its interest in buying Russian firm Lukoil's majority stake in the giant West Qurna 2 oilfield, five Iraqi official sources with direct knowledge of the matter told Reuters....