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Wynn fuels RAK property rush, but Al Hamra Group CEO says legacy is key

Midad Energy

Saudi Arabia’s Midad Energy emerges as frontrunner for Lukoil’s $22bn assets

Saudi Arabia’s Midad Energy emerges as frontrunner for Lukoil’s $22bn assets

The US Treasury has already blocked two other bidders – Gunvor and US bank Xtellus Partners – from buying Lukoil assets, highlighting geopolitical hurdles

17 December, 2025

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