Russia 2nd Largest Oil Company $49 Billion LUKOIL Reports $19.8 Billion Write-Off on Foreign Assets, Announced to Sell International Assets Excluding Assets in Kazakhstan to United States $477 Billion Private Equity Firm Carlyle Group in 2026
24th March 2026 | Hong Kong
Russia 2nd largest oil company LUKOIL ($49 billion market value) has reported $19.8 billion write-off on foreign assets. In 2026 February, United States private equity firm Carlyle Group ($477 billion AUM) announced to buy LUKOIL ($48 billion market value) international assets excluding assets in Kazakhstan. LUKOIL was founded in 1991. LUKOIL – LUKOIL is one of the world’s leading vertically integrated oil & gas companies. Main activities of the Company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs. Most of the Company’s exploration and production activity is located in Russia, and its main resource base is in Western Siberia. LUKOIL owns modern refineries, gas processing and petrochemical plants located in Russia, Eastern and Western Europe, near-abroad countries. Most of the Company’s production is sold on the international market. LUKOIL petroleum products are sold in Russia, Eastern and Western Europe, near-abroad countries and the USA.
“ Russia 2nd Largest Oil Company $49 Billion LUKOIL Reports $19.8 Billion Write-Off on Foreign Assets, Announced to Sell International Assets Excluding Assets in Kazakhstan to United States $477 Billion Private Equity Firm Carlyle Group in 2026 “
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United States $474 Billion Private Equity Firm Carlyle to Buy Russia 2nd Largest Oil Company $48 Billion LUKOIL International Assets Excluding Assets in Kazakhstan, LUKOIL Founded in 1991
2nd February – United States private equity firm Carlyle ($48 billion market value) has announced to buy Russia 2nd largest oil company LUKOIL ($48 billion market value) international assets excluding assets in Kazakhstan. LUKOIL was founded in 1991. LUKOIL – LUKOIL is one of the world’s leading vertically integrated oil & gas companies. Main activities of the Company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs. Most of the Company’s exploration and production activity is located in Russia, and its main resource base is in Western Siberia. LUKOIL owns modern refineries, gas processing and petrochemical plants located in Russia, Eastern and Western Europe, near-abroad countries. Most of the Company’s production is sold on the international market. LUKOIL petroleum products are sold in Russia, Eastern and Western Europe, near-abroad countries and the USA.
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