Tag: rosneft
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Kazakhstan still doing business with Lukoil and Rosneft despite sanctions
Kazakhstan is still doing plenty of business with Lukoil and Rosneft despite US sanctions against the Russian oil-giants. Kazakh authorities have still not taken action with regard to sanctions and there is no sign that the Russian companies will be pulling out of the country. Lukoil and Rosneft have significant footprints in Kazakhstan. Lukoil’s assets…
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US Treasury Department says it won’t accept Gunvor’s purchase of Lukoil’s assets
US Department of the Treasury has announced that it won’t be accepting Gunvor purchase of Lukoil’s foreign assets. Gunvor is owned by the Swedish billionaire Torbjörn Törnqvist, who is a friend and close associate of Vladimir Putin. He purchased Guvnor from its co-founder, Gennady Timchenko, another close Putin associate before he was sanctioned by the…
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US Department of the Treasury sanctions Lukoil and Rosneft
The US Treasury Department has sanctioned Russia’s largest state-owned oil company, Rosneft, along with Russia’s largest privately-owned oil-company, Lukoil, including a number of their subsidiaries. All of their majority-owned subsidiaries have been blocked. The Treasury Department announced that the decision was part of the US government’s actions to put pressure on Russia to end the…
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Hungary with less than 90 days of oil left as Ukraine halts Russian flow of oil through Druzhba Pipeline
Hungary is refusing help from Western governments and oil companies as it intends to keep purchasing oil from Russian companies Lukoil or Rosneft after Ukraine cut off the oil-flow of the Druzhba pipeline (Friendship 3). The Druzhba pipeline transfers oil from Russia to Hungary and Slovakia through Ukraine. Ukraine cut off its flow late last…
