US Extends Lukoil Overseas Asset Sale Until Feb 28 | Mariner News
The United States has granted a significant US Lukoil license extension, allowing the Russian energy giant to sell its overseas assets until February 28, 2026. This directive from the US Treasury’s Office of Foreign Assets Control (OFAC) provides Lukoil crucial extra time to finalize transactions with non-sanctioned entities, replacing an earlier January 17 deadline and aiming for an orderly divestment process.
Global Interest in Lukoil Assets
Lukoil’s international holdings are valued at approximately $22 billion. These substantial assets have attracted considerable interest from major buyers. Potential acquirers include US private equity firm Carlyle and a consortium featuring Chevron and Quantum Capital Group. This extended deadline is vital for navigating complex negotiations surrounding these valuable global energy assets.
Implications for Marine Fuel
Crucially for the maritime sector, Lukoil Bulgaria Bunker operates as a key marine fuel supplier in the strategic Black Sea region. The ongoing Lukoil asset sales, influenced by US sanctions, directly impact the stability of the global bunker market. The US Treasury had also granted temporary relief for Lukoil’s Bulgarian assets until April 29, 2026, underscoring their regional importance.
This latest extension highlights the US government’s careful balance between sanction enforcement and global market stability. As the February 28 deadline nears, the energy and shipping communities will intently follow the outcome of these high-stakes asset divestments.
