Unknown wins bid for major Yukos unit
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MOSCOW Russia completed the dismantling of Yukos, its largest oil producer, on Sunday, selling its main subsidiary to a company that was essentially unheard of until three days ago.
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ISN SECURITY WATCH (27/12/04) - Russia&#39;s state-owned Rosneft oil company announced on Thursday that it had fully bought Baikal Finance Group, the mysterious shell firm that had won the 20 December controversial auction for Yuganskneftegaz, the core
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Russia is vowing to proceed with an auction of oil giant Yukos' key production subsidiary, saying a U.S. court ban is irrelevant. But the expected winner of Sunday's auction, the state-run Russian gas company Gazprom, may not be able to pay after a consortium of Western banks reportedly put on hold billions of dollars in credit it needs to fund its bid.
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YUKOS and its investors were left guessing as to Russia&#39;s next move Monday after its main oil production unit was sold off to Baikal Finance Group, a mystery firm registered in a provincial city.
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MOSCOW -- A company so small that it did not seem to have an office bid successfully yesterday to buy the second- biggest oil production facility in Russia for $9.3 billion, deepening the intrigue around the fate of Yukos Oil.
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The newly-created oil unit of Russian gas monopoly OAO Gazprom, Gazpromneft, will take part in the auction of the embattled Yukos oil company&#39;s largest unit, Yuganskneftegaz, Dow Jones NewsWires reported Tuesday, citing the news agency Prime-Tass.
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Russia was set to rip the heart out of  its biggest oil producer YUKOS Sunday, with the firm's core  unit being sold in a forced auction after almost a decade in  private hands.  Unknown firm Baikal Finance Group was announced the winner of  the auction of Yuganskneftegaz soon after bidding began at 4  p.m., beating the favorite, state-controlled gas monopoly  Gazprom.
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MOSCOW, Oct 14  - The Russian government will sell a controlling stake in Yuganskneftegaz, the key holding of the troubled Yukos oil giant, for just over four billion dollars, Interfax reported Thursday without disclosing its sources.
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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 $9.4 billion bid and analysts said whomever  was behind the bid enjoyed Kremlin favor.
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the main production unit of beleaguered Yukos. The oil giant insists the auction is state-sponsored theft and claims it is the victim of a Kremlin vendetta.
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Russia&#39;s anti-trust body said on Saturday it had approved the state oil firm Rosneft&#39;s purchase on Thursday of the obscure buyer of the key production unit of beleaguered YUKOS oil company.
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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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Gazprom, Russia's gas monopoly, says it will bid in the $8.65bn government sale of the main production arm of embattled oil firm Yukos.
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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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The battle between the Kremlin and Yukos takes a twist as reports hint oil firm Surgutneftegas may be the buyer of Yukos' main subsidiary.
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The previously unknown company that made the winning bid for beleaguered Yukos Oil Co.&#39;s core production facility is likely to make it available to state-controlled Gazprom natural
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Russian state oil firm Rosneft has  bought YUKOS's core unit, effectively nationalising 11 percent  of the country's crude output and dealing a heavy blow to  YUKOS's attempts to halt its own dismemberment.