Gunvor, an oil trading company based in Switzerland, is considering purchasing Lukoil's foreign assets following new sanctions imposed on Russia's Lukoil by the US and the UK. This was reported by Zamin.uz.
This information was reported by the Reuters news agency. Gunvor's total capital amounts to 6.8 billion dollars.
The company's assets mainly consist of cash, with a relatively smaller share of plants and equipment. To purchase Lukoil's assets, Gunvor would need to take on approximately 18 billion dollars in debt.
However, experts consider this figure almost impossible. Such a large amount of debt could severely limit the company's ability to obtain credit.
Furthermore, deals in countries where Lukoil's foreign assets are located are expected to undergo strict scrutiny. Additionally, Gunvor's previous ties with Russia are also viewed as a risk factor.
It is known that the company was previously one of the major exporters of Russian oil but is now focusing on the US and other markets. Lukoil's foreign assets are valued at approximately 22 billion dollars.
These include oil refineries in Europe, extraction fields in Kazakhstan, Uzbekistan, Iraq, and Mexico, as well as hundreds of fuel stations worldwide. The sale of these assets and the demand for them may lead to many discussions and investigations in the future.
