Rosneft and Lukoil Sanctions: U.S. Grants License for Operations at CPC, TCO, and Karachaganak
Photo: Tengizchevroil
The United States has issued special licenses for the Caspian Pipeline Consortium (CPC), Tengizchevroil, and the Karachaganak project, Orda.kz reports.
The general licenses authorize “petroleum services and other transactions” necessary for the ongoing operation of these three projects.
However, the license explicitly prohibits any transactions involving the sale, transfer, or disposal of ownership stakes in CPC, Tengizchevroil, or the Karachaganak ventures.
The U.S. Treasury also extended the deadline for certain transactions required to coordinate and finalize the sale of Lukoil International GmbH and related foreign assets of Lukoil until December 13, 2025.
Transactions involving the Russian company's Bulgarian subsidiaries — Lukoil Neftohim Burgas JSC, Lukoil Bulgaria EOOD, Lukoil Aviation Bulgaria EOOD, and Lukoil Bulgaria Bunker EOOD — are authorized until April 29, 2026.
Earlier, Orda.kz reported on how Lukoil’s largest foreign asset — the refinery in Bulgaria — is linked to Kazakhstan.
Lukoil remains Russia's most active oil company abroad.
It owns three refineries in Europe, hundreds of fuel stations worldwide, and holds stakes in oil projects in Kazakhstan, Uzbekistan, Iraq, Mexico, Ghana, Egypt, and Nigeria.
In Kazakhstan, Lukoil is involved in Tengizchevroil, the Caspian Pipeline Consortium, the Karachaganak project, and owns a plant in the Almaty region.
Original Author: Oksana Matvienko
Latest news
- Almost 100 Houses Flooded After Heavy Rain In Mangistau Region
- Medeu Reconstruction Workers Complain About Unpaid Wages
- Tax Breaks Planned in Kazakhstan to Ease Pressure on Businesses and Investors
- More Than Two Tons of Infected Plums and Cherries From Kyrgyzstan Blocked at Kazakhstan Border
- Almaty Zoo Welcomes First Raccoon Cubs in Almost Two Decades
- Mausoleum, Necropolis and Rare Trade Artifacts Found in Northern Kazakhstan
- Imported Chinese Cars May Get Much More Expensive For Kazakhstanis
- Kazakhstan Reports Less Crime, But Serious Cases Are Becoming More Prominent
- Officials Fined Over Illegal Dumps in Atyrau Region
- Astana to Reward Residents for Reporting Offenses
- Kazakhstan Officially Licenses Crypto Exchange Operator for the First Time
- More Than 200,000 People in Kazakhstan Legally Own Weapons
- Kazakhstan Builds Greenhouses To End Winter Vegetable Shortages
- Kazakhstan’s State Oil Company And China’s CNPC Plan Refinery Expansion
- Kazakhstan And Turkey Sign Nuclear Energy Cooperation Deal
- Kazakhstan Sets Campaign Dates For Kurultai Election
- Kazakhstan Tightens Control Over Fuel Prices
- Almaty Metro Bans Electric Scooters, Bikes And Skateboards
- Kazakhstan Ready To Supply Gasoline To Russia On Mutually Beneficial Terms
- Banks in Kazakhstan and Other EAEU Countries Tighten Rules on Cash Ruble Deposits
