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Carlyle exploring options to buy Lukoil foreign assets, sources say

ReutersNov 13, 2025 5:59 PM

- U.S. private equity giant Carlyle is exploring options to buy foreign assets from Russian oil major Lukoil, three sources familiar with the situation said.

Carlyle is at the early stages of exploring a possible purchase of the assets, one of the sources said.

It is looking at the option of filing for a U.S. licence and then beginning due diligence, the source said, adding that it could still decide to walk away.

Carlyle has made Lukoil aware of its intentions, a second source said.

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