Rosneft Said to Buy Yukos Production Unit
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Russian state-owned oil company Rosneft has acquired the mysterious buyer of Yukos' most important production unit, Russian news agencies reported.
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An oil company controlled by the Russian government said that it had bought the company that had won Sunday's auction for the largest subsidiary of Yukos.
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Russian natural gas monopoly Gazprom ended weeks of speculation by announcing it will bid for struggling oil company Yukos&#39;s main production unit when it goes on the auction block this month.
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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.
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MOSCOW: Russia has said it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order that seeks to halt Sundayâs auction for at least 10 days.
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A little known company has bought the main production asset of embattled Russian oil company Yukos, paying 260.75 billion rubles, or $9.35 billion, at auction.
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As its merger unfolds with state-owned oil company Rosneft, Gazprom will not acquire Yuganskneftegaz, former key production unit of YUKOS oil company, Dmitry Medvedev, chairman of the Gazprom board, was cited as saying by Mayak radio.
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BaikalFinansGroup won the auction for Yuganskneftegaz on Sunday, agreeing to pay $9.3 billion for the main production unit of Yukos, Russia&#39;s largest oil producer, according to published reports.
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Russia&#39;s gas monopoly Gazprom is talking to Western banks to raise up to $10 billion to fund the purchase of the key oil unit of embattled oil major Yukos, industry sources said on Wednesday.
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Russia said on Friday it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order seeking to block Sunday&#39;s auction for 10 days.
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MOSCOW, November 30 (RIA Novosti) - The Gazprom natural gas giant has decided to loan money for its subsidiary Gazpromneft to be able to bid for Yuganskneftegaz, the main production unit of Yukos.
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A little known Russian organization, Baikalfinansgroup, bought the core production unit of the troubled Yukos oil company at auction for &#36;9.3 billion Sunday, gaining control of one of Russia's most prized oil assets.
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An oil company controlled by the Russian government, Rosneft, said yesterday that it had bought the company that had won Sunday&#39;s auction for the largest subsidiary of the oil giant Yukos.
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Russian gas giant Gazprom is to bid in the government's $8.65bn sale of a key stake in stricken oil firm Yukos.
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A little known company has bought the main production unit of embattled Russian oil company Yukos, for around USD9.35bn. Little is known about the auction winner Baikalfinansgroup - named after a Siberian
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Russian state oil firm Rosneft on Friday  put its man in charge of Yuganskneftegaz, taking control of the  main production unit of oil major YUKOS, which is challenging  the government auction of the asset in U.S. courts.
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A delegation of Russian state oil firm Rosneft arrived on Friday in Nefteyugansk, hometown of stricken oil major YUKOS's key unit, Yuganskneftegaz, to take control of the company, YUKOS said.