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Posted on 12/04/2025 8:57:49 PM PST by SeekAndFind
Austrian businessman Bernd Bergmair, former majority owner of Pornhub, has approached the U.S. Treasury about buying assets of Russian oil major Lukoil after the Trump administration sanctioned the company.
"Obviously Lukoil International GmbH would be a great investment and anybody would be fortunate to have the privilege of owning those assets,” Bergmair told Reuters. "I don’t comment on potential investments as a matter of course," he added.
Last month, U.S. Treasury issued the greenlight for companies to begin talks with Lukoil for its foreign assets, with U.S. oil and gas giants Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) have already expressed interest. Exxon is in talks with Iraq’s Oil Ministry to buy Lukoil’s 75% stake in the West Qurna 2 oilfield, one of the country’s largest. Iraq's oil ministry has invited several U.S. oil companies to enter negotiations over the West Qurna 2 takeover through a competitive bidding process. West Qurna-2 oilfield produces more than 400,000 bpd of crude. The Iraqi government has taken over operations at West Qurna 2, including paying staff salaries directly.
Previously, Lukoil reached a preliminary agreement with Gunvor to buy its international assets. However, the giant commodity trader pulled the $22-billion bid after the U.S. Treasury Department expressed dissatisfaction with the deal, calling Gunvor a Russian “puppet”.
“President Trump has been clear that the war must end immediately. As long as Putin continues the senseless killings, the Kremlin’s puppet, Gunvor, will never get a license to operate and profit,” the U.S. Treasury said in a post on X.
(Excerpt) Read more at oilprice.com ...
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Oil’s a good lubricant.
Looks like Putin has found a new puppet... Bernd Bergmair.
If he buys the oil company he will have Russian women all oiled up. The new company name: Onlyoil
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