LUKOIL AGREES WITH CARLYLE ON SALE OF INTERNATIONAL ASSETS

Thursday, January 29, 2026

PJSC "LUKOIL" (hereinafter – the "Company") informs that it signed agreement with US investment company Carlyle on sale of LUKOIL International GmbH (100% subsidiary of PJSC "LUKOIL" which owns international assets of LUKOIL Group). The transaction does not include the assets in Kazakhstan which will remain to be owned by LUKOIL Group and continue their operations under respective license.  

The agreement signed is not exclusive for the Company and is subject to some conditions precedent such as procurement of necessary regulatory approvals including permission of the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) for the transaction with Carlyle.

The Company also continues negotiations with other potential purchasers.

LUKOIL International GmbH is on sale owing to restrictive measures introduced by some countries against the Company and its subsidiaries. 

19/11/2025 - PJSC LUKOIL STATEMENT

​As of 17 November 2025, all powers of the governing bodies of LUKOIL Neftochim Burgas, LUKOIL Bulgaria and other LUKOIL Group entities in Bulgaria have been transferred to an external administrator. LUKOIL is taking all necessary steps to complete the sale of the assets in Bulgaria to a new owner and expects that the activities of the external administrator will not impede this process.​

14/11/2025 - PJSC LUKOIL STATEMENT

LUKOIL informs about ongoing negotiations on the sale of its international assets with several potential buyers. The specific deal will be announced after the final agreements have been reached and the necessary regulatory approvals have been obtained.

30/10/2025 - LUKOIL RECEIVES OFFER FROM GUNVOR TO PURCHASE INTERNATIONAL ASSETS

PJSC “LUKOIL” informs that it received an offer from Gunvor Group Ltd. ​to purchase LUKOIL International GmbH (100% subsidiary of PJSC “LUKOIL” which owns international assets of LUKOIL Group). 

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