Russian oil company Lukoil is selling all its operations outside its home country, including those in Belgium, to American investment company Carlyle. Last year, the company was subject to American sanctions intended to increase pressure on Russia to end the war in Ukraine.

According to a Lukoil statement, only its operations in Kazakhstan are not included in the deal. This means that the 185 petrol stations in Belgium have also been sold to the American investment company.

The deal is not yet finalised, as the transaction still needs to be approved by the relevant authorities. In the meantime, the Russian company is continuing to talk with other potential buyers.

Lukoil has not disclosed the amount Carlyle is willing to pay.



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4 comments

  1. Are petrolstations even a viable business with the electrification of our transportations?

  2. So I’ll go from I don’t buy there because it’s Russian to I don’t buy there because it’s American.

  3. And in the meantime, we’re all acting outraged by the Americans, but the moment their prices are cheap, we’ll all be flocking there to fill up our tanks again

  4. I got an email a couple of days ago:

    Door een aanpassing in het stationnetwerk zal de HybridCard vanaf 31 januari 2026 tijdelijk niet meer aanvaard worden bij Lukoil-tankstations. Deze onderbreking is het gevolg van externe factoren gerelateerd aan geopolitieke ontwikkelingen. Helaas hebben wij hier geen invloed op, maar we begrijpen dat dit vervelend kan zijn en betreuren het ongemak dat dit kan veroorzaken.

    I was hopeful this had to do with Russian sanctions but apparently it’s related to this.

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