US extends deadline on talks over Lukoil assets to May 30 [Yahoo! Finance Canada]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance Canada
energy companies ?to strike deals to buy foreign assets of Russia's second-largest ?oil producer Lukoil, according to a post on its website. The deadline has been pushed to May 30 from May 1. In February, the Trump administration slowed ?the sale of ?Lukoil's international assets, valued at about $22 billion, as part of efforts to pressure Russia ?in Ukraine peace talks. The U.S. has now extended the deadline about five times since imposing sanctions in ?October on ?Lukoil and state-owned ?Rosneft for the role ?their revenues play in supporting the more than four-year war in Ukraine. The sanctions forced the sale of Lukoil's international portfolio, which includes oilfields, refineries and gas stations from Iraq to Finland. The process ?has attracted interest from more ?than a dozen bidders, ranging ?from U.S. oil ?major ExxonMobil to the former owner ?of Pornhub. Any deal must ensure ?that Lukoil ?receives no upfront payment, with all proceeds placed in a frozen account und
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