Russian State Firm Buys YUKOS Unit
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Russian state oil firm Rosneft has  bought YUKOS's core unit, effectively nationalizing 11 percent  of the country's crude output and dealing a heavy blow to  YUKOS's attempts to halt its own dismemberment.
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A mysterious investment group formed just last month bought a majority stake in the core production unit of the Russian oil giant Yukos Oil Co. for $9.3 billion Sunday at a Moscow auction.
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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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Russia looks ready to sell the key production unit of beleaguered oil group YUKOS on Sunday and put it back in state hands after almost a decade under private management.
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Russia's state monopoly Gazprom said on  Tuesday it wanted to buy the main unit of stricken oil firm  YUKOS, effectively reclaiming a huge share of nation's oil  riches for the Kremlin.
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Russian state-owned oil company Rosneft has bought the mysterious buyer of Yukos&#39; most important production unit, Russian news agencies reported late Wednesday, in a deal that appeared to move the unit one step closer to ownership by state-controlled gas
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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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Kazakhstan's state-owned energy company, KazMunaiGaz, buys Romanian oil firm Rompetrol for $2.7bn.
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China National Petroleum Corp. could be offered a 20 percent stake in a Russian state company controlling the main production unit of the embattled Yukos oil giant, a Russian Cabinet member said Thursday.
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A delegation of Russian state-owned Rosneft Oil Company arrived on Friday, Dec. 31, in Nefteyugansk, hometown of Yuganskneftegaz, the key unit of stricken oil major Yukos , to take control of the company.
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Battered Russian oil major YUKOS  YUKO.RTS said on Friday that Russian state oil firm Rosneft's  assumption of control over key unit Yuganskneftegaz was  tantamount to an "illegal seizure" of its asset.
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Russian state-owned oil company Rosneft has bought the mysterious buyer of Yukos' most important production unit, Russian news agencies reported late Wednesday, in a deal that appeared to move the unit one step closer to ownership by state-controlled gas giant Gazprom.
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Russia's anti-trust body said on Saturday it had approved the state oil firm Rosneft's purchase on Thursday of the obscure buyer of the key production unit of beleaguered YUKOS oil company.
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ConocoPhillips buys stake in Russia's Lukoil.
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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.
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The Russian government will auction off Yuganskneftegas, the main production unit of embattled oil giant Yukos, on December 19 with a starting price of 246.75 billion rubles (8.65 billion dollars), the federal property fund announced.
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Speculation that the Russian government is using intermediaries to take over energy giant Yukos Corp. grew Wednesday when its largest subsidiary wound up in the hands of a state-owned natural gas company.