Spotlight | Congo, Ghana, Nigeria
Scuppered acquisition spares Lukoil and Gunvor headaches in Africa

Logo of Russian giant Lukoil at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) on 3 November 2025.
Logo of Russian giant Lukoil at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) on 3 November 2025. © Giuseppe Cacace/AFP
Gunvor has finally abandoned its bid to acquire the Russian oil company, which has a strong E&P and trading presence in Africa. The transaction would not have gone down well in several sub-Saharan countries. [...]
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