Foreign investors likely to bid for Yukos unit
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MOSCOW: Foreign investors may take part in the sale of assets in Russian oil major Yukosâ main production unit, which could be offered at a 60% price discount to settle back taxes, Russian television reported on Monday.
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Russia&#39;s state-owned Gazprom monopoly has announced it will bid for Yukos&#39;s main oil production unit, which is being auctioned off by the government.
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MOSCOW  - State gas giant Gazprom will take part in the Dec. 19 auction of Yukos unit Yuganskneftegaz, the head of the monopoly's new oil division said Tuesday.
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The board chairman of OAO Yukos said the oil company's core shareholders might sell their controlling stake, a newspaper reported Tuesday.
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Russia pressed ahead yesterday with controversial plans to break up the country&#39;s biggest oil company Yukos, setting a date of December 19 for an auction of its main production unit at a bargain basement starting price of $8.65bn (Â£4.88bn).
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Russian gas giant Gazprom pushed ahead with plans to bid for the main production unit of embattled oil group Yukos, a takeover that would create a state-controlled oil and gas behemoth to rival Saudi Arabia's Aramco.
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A deal between French energy group Total and Russian gas firm Novatek shows that oil majors have an appetite for Russia's energy riches despite the Yukos affair, but also the limited role now possible for foreigners in this strategic sector, analysts say.
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Gazprom, Russia&#39;s state-controlled gas monopoly, could team up with the China National Petroleum Corporation to develop the Yukos oil company&#39;s main production asset, sold to a mystery bidder on Sunday.
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YUKOS shareholders gave warning yesterday that the oil giantâs attempt to seek bankruptcy protection in the US was unlikely to prevent the Russian Government-ordered
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Russia's Federal Anti-Monopoly Service said Friday that a fourth bidder would be participating in this weekend's planned auction of the embattled Yukos oil company's giant Siberian production unit.
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The protracted legal battle over Russian oil giant Yukos appeared to enter its final phase Friday when the government set a date to auction off a majority stake in the company&#39;s
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The Russian government will sell a majority stake in the main production unit of the embattled Yukos oil company at an auction scheduled for Dec. 19, the Interfax news agency reported Friday.
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Overseas firms may be allowed to bid for the key asset of under fire Russian oil firm Yukos, the Kremlin says.
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Russian oil major Yukos is expected to face the auction of its main subsidiary by the end of the month at a price far lower than its estimated worth, a move analysts say could ruin the company and destroy the equity of minority shareholders.
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MOSCOW  - China's biggest oil and gas producer could be offered a 20 per cent 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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MOSCOW  - The nascent petroleum division of natural gas giant Gazprom will bid for the crown jewels of the battered Yukos oil empire, its chief said Tuesday - a widely anticipated move that could put the heart of the company jailed billionaire Mikhail Khodorkovsky created in Kremlin-friendly hands.
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OAO Gazprom, the world&#39;s largest natural gas producer, will bid for OAO Yukos Oil Co.&#39;s biggest oil unit next month and may buy other Russian producers in an effort to create an oil business as big as Exxon Mobil Corp.