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The foreign oil refineries and additional holdings of Russian company Lukoil are attracting potential buyers as time runs out to arrange discounted transactions before US sanctions take effect on 21 November.

Global Divestments

Kazakhstan's state firm KazMunayGas is evaluating an offer for Lukoil's assets in the country, according to insiders with knowledge.

Energy giant Shell has expressed interest in Lukoil's deepwater assets in Ghana and Nigeria, industry observers reported.

Government Takeovers

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

Bulgaria is working towards confiscating and liquidating Lukoil's Burgas refinery, although government officials have requested legal changes to the legislation.

Within Egypt, Lukoil has suggested to the administration its consideration to divest completely, according to insiders.

Corporate Challenge

Lukoil faces either liquidating operations and having the proceeds potentially seized, or assumption by host nations if it fails to divest.

Industry experts propose Lukoil may try to emulate Russian oil firm Rosneft, whose European operations were put under a trusteeship in 2022.

Conflict Updates

Invading troops overran three settlements in the southern Ukrainian territory of the war zone.

Weather conditions enabled invading forces to advance into Ukrainian positions, with defending forces engaged in intense fighting to defend their positions.

Humanitarian Crisis

At Huliaipole, where the crisis intensified substantially, elderly residents described dangerous circumstances.

• Aerial dangers made life too dangerous
• Medical supply deficits harmed the sick and elderly
• Water scarcity compounded the crisis

Official Statements

City leader the former boxer has called for the country to boost its fighting numbers by lowering the age of military service.

Foreign officials have commented on the power industry corruption in Ukraine, describing it as extremely unfortunate and stressing the importance for serious attention.

Government Reshuffle

Ukrainian president the country's leader has taken steps to manage increasing citizen anger by firing two ministers accused of involvement in a extensive corruption network.

The president also called for targeted measures against the alleged organiser of the operation, who reportedly fled abroad before investigators could execute a property inspection.