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International oil refineries and other assets of Russia-based firm Lukoil are attracting potential buyers as time runs out to strike cheap deals before American restrictions come into force on 21 November.

Worldwide Asset Sales

The Kazakh national company KazMunayGas is studying a bid for Lukoil's assets in the country, according to industry experts.

Shell has shown willingness in Lukoil's subsea operations in Ghana and Nigeria, multiple sources reported.

Government Takeovers

Chisinau's administration has begun negotiations to nationalise Lukoil's infrastructure at Chisinau airport.

Bulgaria is pursuing seizing and reselling Lukoil's Burgas refinery, although the country's president have sought amendments to the legislation.

Across Egyptian territory, Lukoil has suggested to the government its consideration to divest completely, according to insiders.

Strategic Dilemma

Lukoil faces either divesting holdings and having the revenue subject to seizure, or assumption by host nations if it fails to divest.

Market observers propose Lukoil may try to copy energy company Rosneft, whose facilities in Germany were put under temporary control in 2022.

Conflict Updates

Moscow's forces seized three settlements in the southern Ukrainian territory of the war zone.

Poor visibility enabled invading forces to penetrate military posts, with Ukrainian units engaged in intense fighting to defend their positions.

Population Impact

At Huliaipole, where the conditions deteriorated dramatically, aging population described perilous situations.

• Unmanned aircraft rendered normal life impossible
• Medicine shortages impacted those in need
• Water scarcity worsened the situation

Political Responses

City leader the municipal official has advocated the country to expand armed forces by reducing the minimum age of military service.

Global leaders have addressed the power industry corruption in Ukraine, describing it as extremely unfortunate and highlighting the critical need for immediate action.

Leadership Changes

Head of state Volodymyr Zelenskyy has moved to contain escalating popular discontent by firing two ministers accused of involvement in a extensive corruption network.

Government officials also demanded personal sanctions against the suspected mastermind of the operation, who purportedly left the country before authorities could perform a property inspection.