LONDON/NEW YORK, Nov 18 (Reuters) - U.S. oil major Exxon
Mobil ( XOM ) has joined rival Chevron Corp ( CVX ) in
considering options to buy parts of sanctioned Russian oil major
Lukoil's international assets, sources familiar with
the matter said.
Exxon is considering options for Lukoil assets in
Kazakhstan, where both the U.S. and the Russian firm have stakes
in the Karachaganak and Tengiz fields, the sources said.
Chevron ( CVX ), another partner in these assets, is also studying
options to buy them, Reuters reported on Monday.
Exxon might also study a potential bid for the West Qurna 2
field in Iraq, which is operated by Lukoil and is the Russian
firm's most-prized asset, two of the sources said. The U.S.
company had long been the operator of the neighboring West Qurna
1 project before exiting last year.
Exxon declined to comment.
The list of potential bidders for Lukoil's global assets has
been growing since the U.S. Treasury on Friday gave clearance to
companies to begin talks with Lukoil. The authorization lasts
through December 13.
Bloomberg reported on Exxon and Abu Dhabi National Oil
Company interest in Lukoil assets earlier on Tuesday.
U.S. private equity firm Carlyle is among those
exploring options to buy Lukoil's foreign assets, sources told
Reuters last week.
Lukoil has three refineries in Europe, stakes in oilfields
in Kazakhstan, Uzbekistan, Iraq, Mexico, Ghana, Egypt and
Nigeria, and hundreds of retail fuel stations around the world,
including in the United States.
The company's foreign assets extract about 0.5% of global
oil, based on 2024 filing.