Lukoil bought that stake for about $725 million in 2009, during a state visit by then-president Dmitry Medvedev—a deal that expanded Moscow’s influence in northwest Europe.
US sanctions imposed on Lukoil last October are now forcing Russia’s second-largest oil producer to sell off an international empire valued at $22 billion, and the Zeeland refinery is among the first assets to change hands.
https://euromaidanpress.com/2026/02/11/totalenergies-reclaims-zeeland-refinery-lukoil-sanctions/
🛢Ellinne
US sanctions imposed on Lukoil last October are now forcing Russia’s second-largest oil producer to sell off an international empire valued at $22 billion, and the Zeeland refinery is among the first assets to change hands.
https://euromaidanpress.com/2026/02/11/totalenergies-reclaims-zeeland-refinery-lukoil-sanctions/
🛢Ellinne
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