# Trump-backed Lukoil bid targets US Treasury with oil refineries

> Trump administration's Lukoil deal could deliver billions to US Treasury by restarting refineries.
- Title: Trump-backed Lukoil bid targets US Treasury with oil…
- Summary: Trump administration's Lukoil deal could deliver billions to US Treasury by restarting refineries. Trump administration's Lukoil deal aims to restart…
- Keywords: trump, lukoil, us treasury, refineries, todd boehly, us international development finance cor, dfc, sanctions, news, entertainment, Trump-backed, bid
- Source: New York Post — https://nypost.com/2026/10/09/us-news/trump-backed-lukoil-bid-aims-to-deliver-billions-to-us-treasury
- Published: 2026-10-09T20:48:53+00:00
- Read time: 1 min
- Topics: trump, lukoil, us treasury, refineries, todd boehly, us international development finance cor, dfc, sanctions, news, entertainment
## Trump administration backs Lukoil deal
The Trump administration is backing a deal for Russian oil giant Lukoil’s overseas assets that aims to deliver billions to the US Treasury and restart shuttered refineries.
## Consortium targets 350,000 barrels daily
A consortium led by investor Todd Boehly and including the US International Development Finance Corporation (DFC) seeks to purchase fields producing over 350,000 barrels of oil equivalent a day across Asia, Europe, Africa, and North…
## DFC stakes in $20 billion deal
Officials state the assets are valued at about $20 billion with profits flowing to the US Treasury’s coffers through the DFC’s stake.
## Signing expected in two weeks
DFC officials working with the private consortium say a signing is likely within the next two weeks despite complications involving multiple stakeholders.
## DFC’s role in foreign policy
One agency official described the DFC’s involvement as unprecedented, saying it could play an increasingly important role in foreign policy.
## International partners in consortium
The consortium includes the UAE and Qatar, raising eyebrows but officials say international participation is crucial to ensure Lukoil accepts the transaction.
## Russia’s payout structure
Russia’s payout would sit in international accounts out of Moscow’s reach but could be worth billions if sanctions are lifted.
## Key takeaway

Trump administration's Lukoil deal aims to restart refineries and deliver billions to US Treasury.