Russian oil giant Lukoil announced recently that it will sell its international assets after US President Donald Trump imposed new sanctions aimed at pressuring Moscow to agree to a ceasefire in Ukraine.
in a statement, the company said it has begun talks with potential buyers and will complete the sales under a grace period allowing transactions until 21 November. Lukoil added that it may seek an extension if more time is needed to finalize the deals.
the company holds oil and gas interests in 11 countries, including refineries in Bulgaria and Romania, and a 45% stake in a Dutch refinery. The sanctions, announced on 22 October, target Lukoil and Rosneft, Russia’s two largest oil producers, which account for about half of the nation’s oil exports. Chevron, Petronas Appoint Operators of Two ShallowWater Blocks Offshore Suriname Suriname’s state oil and gas company Staatsolie has signed Production Sharing Contracts (PSCs) for two shallow-water blocks around 50 km offshore Saramacca. Petronas Suriname EandP will operate Block 9, in partnership with Chevron Suriname Exploration, QatarEnergy International and Paradise Oil (POC). Chevron will operate Block 10, in partnership with the same three companies.
the two blocks span a total area of around 5,456 sq km in the Suriname-Guyana basin.