The IHC conglomerate from Abu Dhabi has notified the U.S. Treasury about its interest in acquiring the international assets of Lukoil, affected by sanctions.
Raluca Ioana Draghici
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Economy
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International Holding Company (IHC) from Abu Dhabi has confirmed that it has notified the U.S. Department of the Treasury regarding its interest in acquiring Lukoil's international assets, which are currently available for sale due to U.S. sanctions. IHC, led by Sheikh Tahnoon bin Zayed Al Nahyan, joins other potential buyers such as ExxonMobil and Chevron. Lukoil's foreign assets, which account for approximately 0.5% of global oil production, include refineries in Europe and stakes in oil fields in various countries. The sanctions imposed by the U.S. have led to significant disruptions in Lukoil's foreign operations. IHC has the capacity to mobilize between $30 and $35 billion for investments and is controlled by Royal Group, having strategic ambitions in the field of artificial intelligence.
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