Adnoc is interested in Lukoil's foreign assets

The Abu Dhabi National Oil Company (Adnoc) of the UAE is showing significant interest in Lukoil's foreign assets, including gas projects in Uzbekistan. This was reported by Zamin.uz.

According to Bloomberg news agency, major American companies such as Exxon Mobil and Chevron are also exploring opportunities to purchase Lukoil's stake in the West Qurna-2 project located in Iraq.

Interest in Lukoil's assets is increasing against the backdrop of new US sanctions expected to come into effect on December 13. Due to these sanctions, the company is trying to sell its international business more quickly.

Currently, although buyers are exploring various options, Lukoil prefers to sell its assets as a single package. Previously, the company attempted to sell its international assets to the trader Gunvor, but the US blocked this deal.

According to sources, some investors want to purchase only individual projects. Therefore, the possibility is being considered that a single financial player may first buy the entire package and then sell it off in parts.

Adnoc is the largest oil and gas corporation in the UAE. It manages the processes of oil and gas extraction, processing, and export in the country.

As one of the world's leading energy companies, Adnoc is expanding its participation through acquiring shares in international projects and investments.