US clears the way for bids for Lukoil’s international business

Financial Times•Friday, November 14, 2025 at 10:36:41 PM

The recent decision by the U.S. to clear the way for bids on Lukoil's international business reflects a strategic adjustment in response to ongoing sanctions against the Russian oil sector. This comes amid reports that Lukoil's drilling plans in the Romanian Black Sea have faced significant challenges due to these sanctions. Additionally, the U.S. is now permitting transactions involving Lukoil and the Caspian Pipeline Consortium, indicating a nuanced approach to balancing sanctions with market dynamics.

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