TBILISI, October 14 – Lukoil’s Georgian petrol-station business could come under new ownership through a proposed US-backed purchase of the Russian oil company’s overseas assets, as temporary sanctions permissions approach their expiry dates. Reuters reported on October 8 that US envoy Jared Kushner and Russian negotiator Kirill Dmitriev had discussed a purchase involving the US … Read more
TBILISI, January 16 – The United States has pushed back a January 17 deadline that required Russian oil giant Lukoil to complete the sale of its foreign assets, giving the company until February 28 to wrap up deals that could directly affect its operations in Georgia. The extension was issued by the US Treasury’s sanctions … Read more
TBILISI, November 3 – Swiss-based trading company Gunvor has agreed to purchase the foreign assets of Russian oil major Lukoil, according to Reuters via BPN. The deal comes just days after the United States imposed sweeping sanctions on Lukoil, Rosneft, and dozens of their subsidiaries. Lukoil said in a statement that it had received and … Read more
TBILISI, October 23 – Georgia’s banks will play by the rules after Washington slapped sanctions on Russia’s two biggest oil producers, Rosneft and Lukoil, and 34 of their subsidiaries. Natia Turnava, president of Georgia’s National Bank, said on Thursday that the country’s lenders “fully observe international sanctions” and that in this case “we will act … Read more
TBILISI, October 16 – Azerbaijan has exported 17.1 billion cubic meters of natural gas through the Baku-Tbilisi-Erzurum pipeline (also known as the South Caucasus Pipeline) between January and September 2024, according to data released by the country’s State Statistics Committee on Thursday. The volume represents a 1.98 percent increase compared with the same period last … Read more