29.01.2026 11:46
In 2008, the Russian energy company Lukoil, which entered the Turkish market and has over 600 fuel stations in various cities, agreed to sell its international assets to the American investment firm Carlyle.
The Russian energy company Lukoil has agreed to sell its international assets to the American investment firm Carlyle. In a statement from the company, it was noted that Carlyle's offer to acquire Lukoil International GmbH has been accepted.
ASSETS IN KAZAKHSTAN ARE NOT INCLUDED IN THE DEAL
The statement mentioned that Lukoil's assets in Kazakhstan are not included in the agreement, and it was noted that certain conditions must be met along with the approval of the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) for the agreement to take effect. The statement also indicated that Lukoil is continuing discussions with other potential buyers.
THERE ARE OVER 600 FUEL STATIONS IN TURKEY
Entering the Turkish market in 2008, Lukoil is among the most important players in the sector in Turkey with over 600 fuel stations in various cities.
SALE DECISION AFTER U.S. SANCTIONS
U.S. President Donald Trump had included Lukoil, Russia's second-largest oil producer, and its subsidiaries in the sanctions list due to a "serious lack of commitment" in the peace process aimed at ending the war in Ukraine in October 2025.
In this context, it was announced that all assets of companies located in the U.S. or controlled by U.S. citizens were frozen, and U.S. citizens were prohibited from conducting any financial transactions with these assets. It was also stated that all other companies with more than 50% direct or indirect ownership in sanctioned individuals or entities were automatically included in the sanctions scope.
HAD ANNOUNCED IT WOULD SELL ITS ASSETS
Providing approximately 2% of global oil production, Lukoil had announced that it would sell its international assets following the sanctions decision. This move is considered one of the most significant steps taken by a Russian energy company against Western sanctions since the war in Ukraine began in February 2022.