Yukos Stock Gains on Comments From Putin
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Despite reports that the beleaguered oil giant Yukos could receive yet another back tax bill in addition to the &#36;7.5 billion in claims it already faces, the company's stock rallied slightly Thursday on a new statement by President Vladimir Putin that he is not seeking the company's bankruptcy.
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Stocks gained on Friday as shares of energy companies got a boost from rising oil prices.
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Russian President Vladimir Putin is winning support for his plan to ease restrictions on foreign ownership of OAO Gazprom, the nation&#39;s largest gas producer.
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Russia does not intend to nationalize the Yukos oil company, but state-owned organizations will be able to bid if its assets are put up for auction, President Vladimir Putin said Friday.
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MOSCOW  - Russia forged ahead with the weekend auction of the core asset of crippled oil giant Yukos despite a disputed US court order barring the sale, with state-controlled gas giant Gazprom entering the bidding.
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President Vladimir Putin during a meeting with Energy Minister Victor hristenko earlier this month. Analysts suggest that the governmentâs action in humbling Yukos and its owner, Mikhail hodorkovsky, is
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OSCOW, Sept. 2- World oil prices rose on Thursday after Russia&#39;s largest oil producer, Yukos, said a court ruling &quot;paralyzes&#39;&#39; the company&#39;s operations.
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Russian president Vladimir Putin backs plans to end restrictions on the foreign ownership of shares in energy giant Gazprom.
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MOSCOW: Shares of Russian oil major Yukos fell on Friday after the firm said it would trim output at its main Yugansk unit and a paper reported the unit could be sold for a fraction of what analysts say it is worth.
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Free-market principles were followed when a state-owned oil firm bought a key Yukos asset, Russia's president says.
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Russia's YUKOS raised &#36;357 million to put toward a &#36;3.4 billion tax claim on Tuesday by selling a stake in a gas venture to partner TNK-BP, as analysts said the company was technically ready for bankruptcy.
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LONDON  - Oil prices climbed to the highest level for almost one month after Russia&#39;s embattled oil giant Yukos slashed deliveries to China and as traders fretted over the impact of hurricanes on supplies.
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Russia's president endorsed the sale of a majority stake in Siberian oil fields held by Yukos, the besieged Russian oil conglomerate, and said the purchase had followed the law.
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President Vladimir Putin backed a government proposal Tuesday to swap state-owned oil company Rosneft for shares in Gazprom - a major step toward removing restrictions on foreign investors&#39; access to shares in the natural gas giant.
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Russia does not aim to nationalise embattled oil giant Yukos but state firms could bid for assets of the company if they are sold to pay off the company's multi-billion-dollar tax debts, President Vladimir Putin said.
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Baikal Finance Group, an unknown company, won an auction for Russian oil company's YUKOS's core asset Sunday with a &#36;9.4 billion bid and analysts said whomever was behind the bid enjoyed Kremlin favor.
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President Vladimir Putin gave his  blessing on Friday for Russian state energy firms to bid for  oil major YUKOS's assets if bailiffs put them up for sale to  recover a huge back-tax bill.