Lukoil sells its foreign assets to Gunvor

World 18:58, 30-10-2025

Russia's major energy company Lukoil has agreed to sell its foreign assets management company, LUKOIL International GmbH, to the trading company Gunvor Group. This was reported by Zamin.uz.

In an official statement, Lukoil emphasized that the company accepted Gunvor's offer and committed not to negotiate with other buyers. It was noted that this decision was caused by sanctions and restrictions imposed on Lukoil and its enterprises by certain countries.

However, the financial details of the agreement were not disclosed. Gunvor Group was founded in 2000 by Torbjorn Tornqvist and Gennady Timchenko.

Timchenko is mentioned in many sources as a businessman close to Vladimir Putin. Gunvor has long operated as one of the largest international traders exporting Russian oil abroad.

Lukoil Gunvor Russia Torbjorn Tornqvist Gennady Timchenko

Nodirbek Razzokov

Muxbir

Similar news

US Department of Defense signed a contract to create modern military robots

The United States Department of Defense has signed a twenty-four million dollar contract with Foundation Future Industries to produce ultra-powerful and modern humanoid robots called Phantom. This

World 18:40, 26-04-2026

Trump halted Islamabad diplomatic mission for talks with Iran

Political tension in the Middle East has entered a new and even more complex phase. This was reported by Zamin.uz. US President Donald Trump ordered the suspension of an important diplomatic mission

World 18:15, 26-04-2026

Giant tuna sold for record price in Japan

The famous Japanese Kiyomura Corporation spent a record amount on a giant bluefin tuna at the first auction of 2026. This was reported by Zamin.uz. The company paid 510.3 million yen, that is,

World 17:57, 26-04-2026

Lands for livestock will be allocated for Uzbek investors in Irkutsk

In Russia's Irkutsk Region, agricultural land plots intended for raising large cattle are expected to be allocated for Uzbek investors. This was reported by Zamin.uz. This initiative was

World 17:12, 26-04-2026

Quokkas officially banned from entering restaurants on Australian island

The entry of rare animals known as quokkas into public dining establishments located on the famous Australian island of Rottnest has been officially banned. This was reported by Zamin.uz. This

World 15:35, 26-04-2026

Man planning armed attack at event attended by president detained in the US

Following a shooting incident that took place at an official event attended by the President of the United States of America, law enforcement agencies detained a suspect. This was reported by

World 15:08, 26-04-2026