Hungarian MOL Oil Company is reportedly interested in acquiring Lukoil assets.

Three informed sources revealed that Hungarian oil company MOL has informed American officials of their intention to acquire the international assets of sanctioned Russian oil giant Lukoil, further expanding the list of bidders. The US imposed sanctions on Russia's largest private oil producer in October as part of efforts to pressure Moscow to end the conflict in Ukraine, forcing Lukoil to announce the sale of its overseas assets. Sources said that after the US rejected Swiss commodity trader Gunvor as a buyer, Lukoil is now in negotiations with American oil giants ExxonMobil and Chevron, as well as Middle Eastern investors. The current deadline set by the US is December 13. One of the three sources stated that MOL hopes to acquire Lukoil's refineries and gas stations in Europe, as well as stakes in production assets in Kazakhstan and Azerbaijan. One source mentioned that Hungarian Prime Minister Orban, a long-time ally of US President Trump, discussed MOL's plans during a meeting with Trump in November.