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Overseas oil refineries and other assets of Russia-based company Lukoil are appealing to prospective purchasers as time runs out to arrange discounted transactions before US sanctions are implemented on 21 November.

Global Liquidation Efforts

Kazakhstan's state firm KazMunayGas is studying a bid for Lukoil's assets in the country, according to sources familiar with the matter.

Shell has shown willingness in Lukoil's deepwater assets in West African nations, various insiders stated.

Government Takeovers

Moldovan authorities has started talks to nationalise Lukoil's operations at the capital's airport.

The Bulgarian government is working towards taking over and auctioning Lukoil's Bulgarian oil plant, although the country's president have sought amendments to the proposed law.

Within Egypt, Lukoil has signaled to the administration its consideration to sell out, according to industry observers.

Strategic Dilemma

Lukoil faces either selling its assets and having the funds possibly confiscated, or acquisition by host nations if it fails to divest.

Industry experts indicate Lukoil may try to copy energy company Rosneft, whose facilities in Germany were put under temporary control in 2022.

Conflict Updates

Moscow's forces overran three settlements in the occupied zones of the war zone.

Poor visibility enabled invading forces to infiltrate Ukrainian positions, with Kyiv's troops engaged in intense fighting to repel the Russian thrust.

Humanitarian Crisis

At Huliaipole, where the conditions deteriorated dramatically, aging population described dangerous circumstances.

• Drone threats created unbearable risks
• Lack of pharmaceuticals impacted those in need
• Drinking water shortages added to difficulties

Government Reactions

City leader the former boxer has proposed Ukraine to increase military personnel by lowering the age of draft eligibility.

Foreign officials have commented on the fuel sector misconduct in Ukraine, describing it as deeply concerning and emphasizing the importance for comprehensive response.

Leadership Changes

Head of state Volodymyr Zelenskyy has moved to contain escalating popular discontent by removing government officials accused of involvement in a major graft operation.

The president also called for targeted measures against the accused coordinator of the operation, who purportedly left the country before authorities could perform a evidence collection.