US Sanctions Hasten Lukoil Asset Sales, Exxon, Chevron, and Abu Dhabi Join Suitor List

Lukoil's international assets are attracting interest from Exxon Mobil, Chevron, Abu Dhabi National Oil Co., and Carlyle Group, as US sanctions set to take effect next month prompt the Russian energy giant to hasten the sale. Some potential buyers are only interested in specific assets, and Lukoil prefers to sell the assets as a single package, raising the possibility of a two-step process involving a financial firm acquiring and then reselling the assets piecemeal.