LukOil

U.S. extends license for operations with sanctioned Lukoil

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has extended the license that authorizes negotiations and entry into contingent contracts with Russian oil company Lukoil for the sale of Lukoil International GmbH (LIG) or any companies it controls until February 28.

U.S. removes anti-Russia sanctions on Karachaganak

The United States has decided to exempt the Karachaganak field development project, the Caspian Pipeline Consortium (CPC) and Tengizchevroil from sanctions against Rosneft and Lukoil, according to General License No. 124B released by the U.S. Department of the Treasury.

Lukoil to build plant in Budyonnovsk

Lukoil will build a plant in Budyonnovsk, with construction scheduled to begin in late 2025. The plant is expected to become a new city-forming enterprise.

Lukoil to build plant in Budyonnovsk
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