Russia's Lukoil agrees to sell international assets to US group Carlyle

Russia's No.2 oil producer Lukoil LKOH.MM said on Thursday it has agreed to sell its unit, LUKOIL International GmbH, which oversees the company's foreign assets, to U.S. private equity firm Carlyle Group CG.O.

It also said Lukoil would retain ownership of its assets in Kazakhstan.

Lukoil and Russia's largest oil producer Rosneft ROSN.MM were sanctioned by the U.S. last October in what Washington said was a response to slow progress in peace talks between Russia and Ukraine.

The move has forced Lukoil to dispose of its overseas business.

-Vladimir Soldatkin and Olesya Astakhova/Reuters