Race to Run Lukoil Assets Heats Up With Days to Sanctions Cutoff

Governments across Europe and the Middle East are rushing to ensure the sprawling oil operations of Russian energy giant Lukoil PJSC can keep running after the US Treasury sanctioned the...

By Alex Longley, Andra Timu, Salma El Wardany · Bloomberg Markets

Governments across Europe and the Middle East are rushing to ensure the sprawling oil operations of Russian energy giant Lukoil PJSC can keep running after the US Treasury sanctioned the company and then quashed a key bid for its assets last week.