The United States has extended the license to operate with Lukoil

10.12 22:25 | Category World

The US has extended Lukoil International GmbH's license to deal with Lukoil and its subsidiaries until January 17, 2026, the US Treasury Department said in a filing.

"Except (d), all transactions prohibited by Executive Order (EO) 14024 that are generally incidental and necessary for the sale, disposition, or transfer of Lukoil Oil Company, a public limited company, or any of its subsidiaries, Lukoil International GmbH ("LIG"), or any entity in which LIG directly or indirectly owns 50% or more of its interest, individually or in the aggregate. . . . are allowed until January 17, 2026 at 12:01 a.m. EST," the document said.

The previous license for activities related to the sale of Lukoil's international business expired on December 13.

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