Chevron (CVX) is studying options to buy global assets of sanctioned Russian oil firm Lukoil (LUKOY), five sources familiar with the process told Reuters on Monday. The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets. Chevron would join Carlyle (CG) and other firms in the race for the Lukoil portfolio worth at least $20B, the report notes.
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