Russia welcomes foreign bids for assets of embattled Yukos oil giant
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Russia said it would welcome Indian and other companies bidding for the assets of Russian oil giant Yukos, the country's biggest oil exporter, due to be sold off later this month.
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Russian President Vladimir Putin said Tuesday that a Chinese state oil company could participate in developing oilfields of the Yukos oil group's main asset sold at auction at the weekend.
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Russia's justice ministry announced plans to sell a part of the Yukos oil giant to cover the company's outstanding back taxes.
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President Vladimir Putin gave his  blessing on Friday for state energy firms to bid for oil major  YUKOS' assets if bailiffs put them up for sale to recover a  huge back-tax bill.
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Russia said on Friday it would go ahead  with an auction to sell the key asset of embattled oil company  YUKOS YUKO.MM despite a U.S. bankruptcy court decision to  block it for several days.
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Yukos shares rise after Russia's leading energy groups said they would not bid for its main production subsidiary.
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Russia's state-controlled gas giant Gazprom approved a plan to bid for Yukos' core production unit Wednesday amid reports that the company was negotiating to secure a &#36;13 billion loan from a group of Western banks to support its offer.
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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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Russia has pressed ahead with the last step in the break-up of oil major YUKOS, saying it will auction its main unit for $8.65 billion.
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MOSCOW : Russia does not aim to nationalise embattled oil giant Yukos but state firms could bid for assets of the company if they are sold to pay off the company&#39;s multi-billion-dollar tax debts, President Vladimir Putin said.
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On Saturday, Dec. 25, Russiaâs Federal Anti-Monopoly Service approved the acquisition of Yuganskneftegaz, the core production asset of the embattled Yukos Oil Company , by the state-owned Rosneft Oil Company.
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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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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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MOSCOW  - Trading in Yukos shares leaped more than 10 per cent on local exchanges Monday as Russia's top energy conglomerates said they would not bid for its main production subsidiary, which is due to be auctioned as collateral for the company's crushing back-taxes bill.
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India's biggest oil exploration firm, Oil & Natural Gas Corp., says it is in talks to buy the former assets of troubled oil producer Yukos.
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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 : Russia&#39;s justice ministry announced plans to sell a part of the Yukos oil giant to cover the company&#39;s outstanding back taxes, officials said.