Abu Dhabi’s IHC Says It’s Interested in Lukoil’s Overseas Assets

Abu Dhabi’s International Holding Co. is exploring a possible acquisition of Lukoil PJSC’s overseas operations, the company said, the latest suitor positioning for opportunities created by Western sanctions on the Russian energy giant.

IHC, a publicly listed investment company in the UAE, has notified the US Treasury Department of its interest in buying some of the Russian producer’s international assets, a spokesman for the company said.