Russia: China to Cover Yukos' Rail Fees
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China has agreed to step in and pay Russian rail fees to ensure that it continues to receive Yukos oil if the company is unable to cover the transport costs, officials at Russia's rail transport monopoly said Wednesday.
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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, will cut deliveries to China&#39;s biggest oil company next month after a government freeze on its bank accounts prevented it from paying railway bills.
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Russian President Vladimir Putin has hinted at Chinese involvement in the exploitation of the confiscated assets of the Yukos chief oil producing unit, marking a shift in Moscow&#39;s traditional closed-door policy to its Asian neighbour.
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Trading partners keep exports flowing; Russia tries to avoid blame for high world oil prices. MOSCOW  - Traders have been paying for Russian oil major Yukos, whose bank accounts are frozen due to a tax dispute with the state, to ship its oil by ...
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Russia may auction 76.8 percent of the capital of Yukos&#39; major subsidiary of Yuganskneftegaz by the end of this month to cover the oil giant&#39;s multi-billion-dollar back taxes bill, Interfax news agency reported Thursday.
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The troubled Russian oil company Yukos has suspended its oil deliveries to China&#39;s National Petroleum Company, saying it cannot afford the shipping costs.
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MOSCOW  - Visiting Chinese Prime Minister Wen Jiabao promised support Friday for Russia's bid for World Trade Organization membership, as the two countries discussed building a pipeline to transport Russian crude to China.
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China yesterday called on Russia to ensure oil giant Yukos meets commitments to Chinese customers. Yukos said on Friday it was suspending oil exports by rail to state-owned
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Russia&#39;s Industry and Energy Minister Viktor Khristenko has said that the China National Petroleum Corporation (CNPC) could be offered a 20 percent stake in a state-owned Russian company which will run Yuganskneftegaz, the main production unit of
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LONDON, September 20  - Russian oil giant, OAO Yukos Oil Company (YUSA.FSE), has partly suspended its rail shipments to China, leading to increased supply disruption risks in the global oil market.
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China will sign an agreement today endorsing Russia&#39;s bid to enter the World Trade Organization, China&#39;s Foreign Ministry said on the first of a two-day visit by Russian President Vladimir Putin.
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The Russian Justice Ministry says it plans to sell some of the assets of the giant Yukos oil company to cover its outstanding tax bill.
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China&#39;s biggest petroleum company plans to demand compensation from OAO Yukos for losses resulting from the Russian oil giant&#39;s suspension of crude shipments, state media reported Monday.
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China's leading oil company could play a part in developing Yukos' auctioned oil unit, according to President Putin.
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Moscow. (Interfax-China) - The assets of Yuganskneftegaz, the core production unit of Yukos sold at an auction on December 19, will be transferred to a separate, wholly state-owned company, the Russian Industry
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Some of YUKOSâs assets will be sold through the Russian Federal Property Fund, the Justice Ministryâs Main Department in Moscow said on Tuesday.
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MOSCOW The Russian oil company Yukos will have to pay a heavy price for not paying its taxes on time. The Moscow Arbitration Court ruled today it must pay some one-point-four (b) billion dollars in fines and