Chevron, Quantum Capital Bid on Lukoil Assets, FT Says

Chevron Corp. and private equity group Quantum Capital Group LLC will join forces to buy the international assets of sanctioned Russian oil company Lukoil PJSC, according to the Financial Times.

Chevron and Quantum would split the portfolio, which includes oil and gas production, refining facilities and filling stations, the newspaper said, citing people familiar with the matter. Lukoil values the assets at $22 billion, according to the FT.