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International oil refineries and other assets of Russian company Lukoil are attracting potential buyers as the window closes to strike cheap deals before US sanctions come into force on November 21st.

Worldwide Asset Sales

Kazakhstan's national company KazMunayGas is studying a bid for Lukoil's assets in the country, according to insiders with knowledge.

Shell has expressed interest in Lukoil's subsea operations in West African nations, various insiders confirmed.

Nationalization Efforts

Moldovan authorities has started talks to acquire Lukoil's infrastructure at Chisinau airport.

The Bulgarian government is pursuing confiscating and liquidating Lukoil's Burgas refinery, although government officials have demanded revisions to the draft bill.

In Egypt, Lukoil has indicated to the administration its consideration to liquidate holdings, according to insiders.

Business Conundrum

The company confronts either liquidating operations and having the funds possibly confiscated, or their takeover by foreign states if it refuses to liquidate.

Market observers suggest Lukoil may try to copy energy company Rosneft, whose three German refineries were put under temporary control in 2022.

Conflict Updates

Moscow's forces seized several communities in the occupied zones of the conflict area.

Poor visibility enabled Moscow's army to penetrate military posts, with Kyiv's troops engaged in intense fighting to counter the advance.

Civilian Suffering

In the frontline town, where the crisis intensified substantially, elderly residents described dangerous circumstances.

• Unmanned aircraft rendered normal life impossible
• Lack of pharmaceuticals impacted those in need
• Drinking water shortages added to difficulties

Government Reactions

Kyiv mayor Vitaly Klitschko has advocated Ukraine to boost its fighting numbers by reducing the minimum age of draft eligibility.

Global leaders have commented on the fuel sector misconduct in Ukraine, describing it as extremely unfortunate and stressing the necessity for serious attention.

Government Reshuffle

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

Government officials also requested individual restrictions against the alleged organiser of the scheme, who purportedly left the country before investigators could execute a search operation.