Midad Energy Signs Letter of Intent to Acquire Assets of Russia’s Lukoil - Reports

NAMPA / Sputnik
2026-02-12
MOSCOW, February 13 (RIA Novosti) - Saudi Arabian company Midad Energy signed a letter of intent to acquire international assets of Russian energy giant Lukoil, Reuters reported, citing sources. The agreement, signed in late January, covers all target assets, the report said on Thursday. The company reportedly agreed to place its cash offer in an escrow account, while the companies seek the necessary regulatory approvals, including from the US Tr......
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