Middle Eastern Funds Take Biggest Stakes in Trump’s Russian Oil Deal, U.S. Gets 15%
Updated
Updated · The New York Times · Oct 8
Middle Eastern Funds Take Biggest Stakes in Trump’s Russian Oil Deal, U.S. Gets 15%
2 articles · Updated · The New York Times · Oct 8
Summary
Middle Eastern investors would hold the largest ownership stakes in the proposed multibillion-dollar purchase of Lukoil assets, outweighing the U.S. government and deal leader Todd Boehly, people familiar with the talks said.
About 15% would go to the U.S. International Development Finance Corporation without any upfront cash investment, while Boehly — a $2 million donor to pro-Trump causes over the past two years — would take a smaller minority stake.
The Trump administration says the deal would serve U.S. foreign-policy goals and help lower energy prices by reshaping ownership of Lukoil’s global portfolio of oil fields, refineries and gas stations.
Those talks are also tied to U.S.-Russia negotiations over ending the war in Ukraine, adding scrutiny because some investors reportedly have business ties to key U.S. officials involved in the deal.