US investor backing Xtellus Lukoil proposal
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Potential indirect acquirer of Lukoil overseas assets via share‑for‑assets swap
First the US froze Lukoil’s assets. Now it’s effectively forcing Russia’s biggest private oil company to auction off its global business. A fresh Treasury waiver gives buyers until January 17, 2026 to lock in deals for oilfields, refineries and thousands of gas stations worth about $22 billion.
Updated Dec 11, 2025
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