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Saudi Arabia's Midad Energy seen as potential buyer of Lukoil's foreign assets — Reuters

According to sources, Midad Energy plans to fully acquire Lukoil's assets, and American companies may also participate in the deal

LONDON, December 16. /TASS/. Saudi Arabia's Midad Energy is considered one of the leading contenders to buy foreign assets of Russian oil major Lukoil, Reuters reported, citing sources.

According to sources, Midad Energy plans to fully acquire Lukoil's assets, and American companies may also participate in the deal.

In October, the US and UK added Russian oil major Lukoil to their sanctions lists. After that the company announced its intention to sell its international assets and received an offer from international oil trader Gunvor to acquire Lukoil International GmbH, which owns the Russian company's international assets. However, Gunvor later announced it was withdrawing its offer to purchase Lukoil's foreign assets following a statement from the US Treasury that it did not intend to grant Gunvor a license to conduct business and generate profits until the conflict in Ukraine was resolved.

On November 14, Lukoil representatives stated that the company was negotiating the sale of its foreign assets with several potential buyers and would announce the deal after final agreements were reached and the necessary permits were received.