The subsidiary holds the majority of the Group's international assets, though the transaction excludes holdings in Kazakhstan, which will remain under Lukoil Group ownership.
The divestment is a strategic response to restrictive measures imposed on the company and its subsidiaries by various international jurisdictions.
In Romania, Lukoil maintains a significant presence, owning the Petrotel refinery in Ploiești and an extensive network of fuel stations across the country.
The agreement with Carlyle is non-exclusive, and the company confirmed it is continuing negotiations with other potential purchasers.
Completion of the deal is subject to several conditions, most notably the procurement of regulatory approvals from the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC).
