This was reported by the Financial Times, specifying that the value of the assets is estimated at $22 billion. According to the source, if the deal is reached, Chevron and Quantum plan to divide Lukoil assets between them.
Earlier Reuters also reported that Chevron is studying the purchase of Lukoil’s foreign assets. According to Reuters, the Saudi company Midad Energy has also become one of the contenders for the purchase of international assets of the Russian company.
It should be noted that Lukoil decided to sell its foreign assets after the US imposed sanctions against it and another major Russian oil company Rosneft in late October. Moscow considers the sanctions illegal.
Chevron Corporation is one of the world’s largest integrated energy companies. Its activities cover all parts of the oil business – from geological exploration and oil production to refining, transportation and marketing of oil products. The company’s production and commercial divisions operate in more than 120 countries. Its asset portfolio includes Chevron, Texaco and Caltex brands, each of which operates filling station networks in Europe and the USA.
Quantum Energy Partners is a private investment group specializing in the energy industry. The company focuses on the entire energy value chain, including oil and gas, energy infrastructure, thermal power and renewables, decarbonization and energy technologies.
