Chevron offers $22 billion for Lukoil assets: details of the sanctions deal.

According to ТСН: American energy companies Chevron and Quantum Capital Group are preparing a proposal worth 22 billion dollars to acquire the international assets of the Russian group 'Lukoil', which is under US sanctions.

According to the Financial Times, the proposal covers the company’s refineries and over 2000 gas stations in Europe, Asia, and the Middle East, including a refinery in Burgas, Bulgaria, as well as various tax warehouses.

Potential support from the administration

Anonymous sources told the publication that the deal could receive support from the administration of US President Donald Trump, who allowed American companies to negotiate with 'Lukoil' until January 17.

When implementing the deal, Chevron and Quantum Energy Partners plan to divide Lukoil’s entire foreign share portfolio between themselves.

Sanctions and sales deadlines

Earlier, the United States and the United Kingdom imposed sanctions against the largest Russian oil companies 'Lukoil' and 'Rosneft' in October 2025 due to the invasion of Ukraine. Later, the deadline for the sale of Lukoil's international assets was extended to January 17, 2026.

'Lukoil' has also announced that it is seeking buyers for its international assets, which produce about 0.5% of the world's oil and are estimated at approximately 22 billion dollars according to the financial reporting for 2024.

In addition, it has been reported that former senior advisor to President Donald Trump during the 2024 election campaign, Brian Lanza, became a consultant for Lukoil's international division, which is subject to American sanctions.

This situation highlights the ongoing efforts of international companies to find opportunities amid sanctions and changes in the energy market, which could significantly impact economic relations between the US and Russia. In the coming months, the development of the deal will be an interesting stage in the energy policy of both countries.