US License for Lukoil Asset Sale Expires

A US Treasury license (General License 131G) permitting negotiations for the sale of Lukoil’s international assets expires on Saturday. The license covers talks regarding the Vienna-based holding company that owns refineries in Bulgaria and Romania, with the US investment fund Carlyle remaining a leading bidder. Any finalized sale requires separate Washington approval, ensuring Lukoil relinquishes control and proceeds are blocked. The expiration will not halt operations at the Burgas refinery,…