The outlook for the sale of Russian Lukoil's international assets is no clearer some seven months after the private sector Russian firm inked a nonexclusive agreement for their sale to US-based investment firm Carlyle — with the US Treasury Department’s Office of Foreign Assets Control (Ofac) recently granting another one-month extension for negotiations over the sale.
Lukoil-Carlyle Asset Deal Remains in Holding Pattern
The sale of the bulk of Lukoil's foreign assets to US Carlyle remains largely on ice, seven months after the two sides struck a preliminary deal.
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