TotalEnergies Seizes Full Control of Lukoil Refinery in Netherlands

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TotalEnergies has acquired full control of a refinery in the Netherlands from Lukoil, taking a 45% stake in the facility, with the deal potentially involving an asset swap.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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French supermajor TotalEnergies has taken full control of a refinery in Zeeland, the Netherlands, which it co-owned with Russia’s Lukoil, Reuters has reported, citing two unnamed sources. TotalEnergies had acquired Lukoil’s 45% interest in the facility for an undisclosed sum, the Reuters sources told the publication. The takeover of the refinery may have also taken the form of an asset swap deal with the Russian major, the report also said. Reuters recalls that Lukoil bought the 45% stake in the Zeeland refinery from the French company…

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Original article published by OilPrice.com on February 11, 2026.
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