Oil infrastructure across Europe and the Middle East is set to change hands as Carlyle Group moves to acquire Lukoil’s overseas assets amid sanctions pressure. (AI generated)1SummaryU.S. private equity firm Carlyle Group has agreed to buy most of Russian oil major Lukoil’s international assets, in a deal linked to mounting Western sanctions. Kazakhstan assets — including stakes in major oilfields and pipelines — are excluded from the transaction. The deal centers on LUKOIL International GmbH, the subsidiary managing Lukoil’s global upstream and downstream assets, which include oilfields and refineries across multiple regions. Why are Kazakhstan assets excluded?