Saudi Midad Energy has emerged as one of the primary contenders for the purchase of foreign assets owned by Russia’s Lukoil. The company, which maintains deep political connections with Moscow and Washington, plans to offer a monetary payment for these assets. Funds will be held in an account until sanctions against Lukoil are lifted, and American firms may also participate in the transaction.
Ramoco Fuels, an American company, has expressed interest in leasing 194 gas stations from Lukoil for $150 million.
On December 2, Exxon Mobil made a proposal to Iraqi authorities regarding Lukoil’s stake in the West Qurna-2 oil field. This asset constitutes a 75 percent share in Lukoil, which produces approximately 470,000 barrels of oil per day. The field accounts for about 0.5% of global oil production and 9% of Iraq’s total output.
