NEW YORK, Nov 12 (Reuters) -
Russian energy major Lukoil has filed for an
extension to the U.S. Treasury's deadline which prohibits
transactions with the Russian company after November 21, three
sources familiar with the matter said.
The U.S. Treasury's Office of Foreign Assets Control (OFAC) last
month announced new sanctions targeting Lukoil and Rosneft,
ratcheting up the pressure on Russian President Vladimir Putin
to end Moscow's war in Ukraine.
OFAC also issued a general license that gave companies until
November 21 to complete their business deals with Lukoil,
including any acquisitions of the Moscow-headquartered oil
company's international assets.
Lukoil is seeking an extension as it needs more time to
close existing commitments and study offers for its sprawling
global network of oil and gas producing, refining and trading
assets, the sources said.
Lukoil and OFAC did not immediately respond to requests for
comment.
Lukoil, which accounts for about 2% of global oil output,
had confirmed on October 27 that it was seeking buyers for its
international assets and could seek an extension of the OFAC
license if necessary.
The Russian company had agreed to a sale of its international
assets to Swiss commodities trader Gunvor, but that deal
collapsed earlier this month after the U.S. Treasury signaled
Washington's opposition to it.
Since then, Lukoil's international operations have faced growing
disruptions, forcing the company to declare force majeure at
Iraq's West Qurna 2 oilfield, its largest international asset.