Chevron and Quantum Capital Group are reportedly lining up a bid for sanctions-hit Lukoil’s $22 billion international operations
Two US majors, Chevron and Quantum Capital Group, are lining up a bid to take control of the international portfolio of sanctioned Russian oil giant Lukoil, with the administration of President Donald Trump signaling its support for the proposal, the Financial Times has reported.
Washington imposed sanctions on Russia’s second-biggest oil producer last October as part of its broader effort to pressure Moscow over the Ukraine conflict, forcing Lukoil to divest its overseas holdings worth $22 billion. Due to the…
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