Saudi's Midad Energy Bids for Lukoil Assets

Saudi Arabias Midad Energy emerges as a top contender to acquire Lukoils international assets, leveraging political connections to navigate U.S. sanctions. The deal, if successful, would involve an all-cash offer held in escrow until sanctions are lifted, potentially involving U.S. companies. Lukoil faces a January deadline to sell, underscoring the complex interplay of energy markets, politics, and sanctions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.