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Overseas oil refineries and additional holdings of Russian company Lukoil are attracting potential buyers as the window closes to secure bargain purchases before US sanctions come into force on November 21st.

Global Divestments

Kazakhstan's state firm KazMunayGas is evaluating an offer for Lukoil's assets in the country, according to insiders with knowledge.

Shell has expressed interest in Lukoil's deepwater assets in Ghana and Nigeria, multiple sources confirmed.

Government Takeovers

Moldovan authorities has started talks to take over Lukoil's infrastructure at the capital's airport.

The Bulgarian government is working towards taking over and auctioning Lukoil's Burgas refinery, although the country's president have requested legal changes to the draft bill.

Across Egyptian territory, Lukoil has suggested to the government its consideration to divest completely, according to industry observers.

Strategic Dilemma

Lukoil faces either selling its assets and having the proceeds potentially seized, or their takeover by foreign states if it refuses to liquidate.

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

Military Developments

The Russian army seized three settlements in the Zaporizhzhia region of the war zone.

Dense fog enabled Russian troops to penetrate Ukrainian positions, with Kyiv's troops engaged in ferocious combat to repel the Russian thrust.

Civilian Suffering

At Huliaipole, where the situation had worsened significantly, senior citizens described life-threatening conditions.

• Drone threats created unbearable risks
• Medicine shortages impacted those in need
• Drinking water shortages compounded the crisis

Government Reactions

Urban administrator the former boxer has called for Ukraine to increase military personnel by reducing the minimum age of military service.

International observers have addressed the fuel sector misconduct in Ukraine, describing it as particularly troubling and stressing the necessity for comprehensive response.

Ministerial Dismissals

Ukrainian president the country's leader has acted to address escalating popular discontent by firing two ministers suspected of participation in a extensive corruption network.

National leadership also requested individual restrictions against the suspected mastermind of the network, who reportedly fled abroad before investigators could execute a evidence collection.