Russian Oil Giant Lukoil Agrees to Sell International Assets to Carlyle Group

An employee on an oil platform operated by Lukoil company at the Kravtsovskoye oil field in the Baltic Sea, Russia, on Sept. 16, 2021. Vitaly Nevar/ReutersLukoil on Jan. 29 agreed to sell its international assets to U.S. private equity firm Carlyle Group, after sanctions imposed by the Trump administration targeted the company.The oil company said in a statement said it had signed the agreement with Carlyle, but that it is subject to conditions, such as procurement of regulatory approvals, including permission from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), which administers sanctions.