Sale of Yukos unit won't affect oil production, Russian minister says
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MOSCOW  - The planned sale of Russian oil giant Yukos' main pumping unit to pay off the parent company's back taxes won't affect production, Russia's energy minister was quoted Tuesday in news reports.
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Russia said on Friday it would go ahead  with an auction to sell the key asset of embattled oil company  YUKOS despite a U.S. bankruptcy court decision to block it for  several days.
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Russian authorities have brushed aside a US court ruling seeking to halt the sale of the core asset of the embattled Yukos Oil company.
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MOSCOW  - Assets of Russia's beleaguered Yukos oil company should be sold for at least &#36;15 billion US, a senior official said Monday, as the company's main production unit is evaluated for sale against a crushing back-tax bill.
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A top Yukos executive said that the company should be able to produce and sell oil at least until the end of September.
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The main asset of Yukos, the crippled Russian oil company, will not be integrated into Gazprom, the state gas monopoly, but will remain as a separate state-controlled group, the Russian government said on Wednesday.
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MOSCOW  - The Russian Justice Ministry announced Tuesday that the Yukos oil company's main production subsidiary, Yuganskneftegaz, had been evaluated at &#36;10.4 billion US and the ministry will sell off part of its assets, the Interfax news agency reported.
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The Russian oil giant Yukos said Monday that its crude oil production would be 4.5 percent less than expected for 2004, the first time the company&#39;s conflict with the
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Russian oil major YUKOS denied on Wednesday reports it planned to sell its Lithuanian refinery Mazeikiu Nafta to help cover its huge back tax bill.
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China's biggest oil and gas producer could be offered a 20 percent stake in a Russian state company that will control Yukos' former key subsidiary, a Russian minister said Thursday, in an apparent attempt by authorities to avoid legal fallout from the disputed auction of the Yukos unit.
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Russia oil company YUKOS assets may be sold partially by the Russian Justice Ministry in order to cover its outstanding tax bill. The selling-off will probably touch YUKOS main oil subsidiary Yuganskneftegaz.
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President Vladimir Putin said Tuesday that the buyer of a key asset of the bankrupt Russian oil giant Yukos is a group of "individuals with a long history in the energy sector" and he said the sale, which went forward despite a U.S. court injunction barring it, followed Russian law and was an internal matter.
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Russia's justice ministry announced plans to sell a part of the Yukos oil giant to cover the company's outstanding back taxes, officials said.
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MOSCOW : Russia&#39;s justice ministry announced plans to sell a part of the Yukos oil giant to cover the company&#39;s outstanding back taxes.
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Russia&#39;s giant Gazprom gas company does not plan to buy any assets from the Yukos oil company if they are sold, Gazprom&#39;s CEO said Tuesday.
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Russian President Vladimir Putin Thursday strongly defended the takeover by state oil firm Rosneft of stricken oil major YUKOS&#39;s key production unit, Yuganskneftegaz
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Russia dismissed accusations that Russian firms abused the U.N. oil-for-food program imposed on Iraq, saying on Wednesday that there was no proof of wrongdoing by Russian companies.