Abu Dhabi & Saudi Arabia Vie for Lukoil's Assets
Update: 2025-11-25
Description
Lukoils international assets, valued and strategically located, are set to be sold due to US sanctions, sparking a major geopolitical competition. Western companies and Gulf investment firms, including ADNOC and IHC, are vying for these assets. ADNOC aims for strategic pieces, while IHC focuses on retail and refining assets. Abu Dhabis coordinated strategy could extend Emirati influence into Central Asia and Europe. However, Saudi Arabia, with US backing, might enter the auction, potentially shifting key assets to Riyadh and altering the Gulfs dynamics.
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