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Posted on 10/08/2026 12:51:12 PM PDT by Miami Rebel
The Trump administration argues that its proposed multibillion-dollar Russian oil deal would advance American foreign policy interests and lower energy prices.
But most of the ownership in the deal would go to a group of Middle Eastern investors, including some with business ties to key U.S. officials involved in the negotiations, according to people familiar with the talks.
The deal, for a worldwide portfolio of oil fields, refineries and gas stations now owned by the sanctioned Russian energy giant Lukoil, has become intertwined with the U.S. talks with Russia over ending the war in Ukraine.
The United States government, through the U.S. International Development Finance Corporation, would get a stake of about 15 percent in the deal, without investing any cash up front, the people said.
The leader of the investor group, Todd Boehly, an American billionaire who has donated $2 million to pro-Trump causes in the last two years, would get a smaller minority stake. But more than half of the equity will be cumulatively held by investors in the Middle East, according to three participants in the negotiations. The investors include entities tied to the royal family in Abu Dhabi and to two billionaire Syrian-born Qatari brothers, who are business partners with Jared Kushner, the president’s son-in-law, and Ivanka Trump, the president’s daughter.
The Boehly group would acquire Lukoil stock with a face value of about $10 billion from non-Russian owners, although these purchases would be made at a significant discount, according to participants in the negotiations.
(Excerpt) Read more at nytimes.com ...
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* Yes, Lutnick is in the cabinet, but these overseas deals he's involved in are really the province of State.
Who do you think has the most knowledge of an oil deal this large, a oil billionaire or Pete Buttiejudge? It’s called free enterprise for a reason.
Why do I think you have been one of the largest critics of gas prices rising?
I’m an oil investor, though not a billionaire.
It ain’t free enterprise if the United States of America is brokering a deal.
So you would prefer Pete to negotiate this. NeverTrumpers have to NeverTrump.
Who is this “Pete”?
Our Secretary of State is Mario Rubio.
Rubio is probably the most ignorant SoS we have had regarding business and dealmaking. He follows orders and reads teleprompters.
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