Yukos asset sale may fetch $15B
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Russian energy ministry says sale of assets most likely outcome from oil company&#39;s $7B tax dispute. MOSCOW  - The sale of Yukos assets will be the &quot;most natural&quot; outcome of the $7 billion tax dispute
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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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A $55 million purchase could be bigger than investors think.
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RBC, 27.09.2004, Moscow 15:49:32.YUKOS&#39;s assets should be sold for about $15bn, Ivan Materov, Deputy Minister for Industry and Energy of the Russian Federation, said at an economic conference &quot;Russia: investments in the economy of growth&quot;.
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The Chevron Corporation will repurchase as much as $15 billion of its stock as record crude prices increase earnings.
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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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US investment bank JP Morgan Chase has reportedly carried out an assessment of the value of the core production unit of Russian oil giant Yukos and sent its conclusions to the embattled firm.
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The protracted legal battle over Russian oil giant Yukos appeared to enter its final phase yesterday when the government set a date to auction off a majority stake in the company's richest energy fields and demanded another $6 billion in back taxes from a business already facing a crippling $14 billion bill for outstanding taxes and fines.
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Russia has sold the heart of the Yukos empire in an auction reminiscent of the country&#39;s notorious privatizations of the 1990s, analysts said Monday, as the former CEO of the oil company offered bitter season&#39;s greetings to the Kremlin from
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U.S. oil major Chevron  is  interested in buying assets of Russia's bankrupt oil firm YUKOS  , the spokesman for YUKOS's receiver said on Friday.
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The Russian Government is going ahead with the sale of a large part of oil giant Yukos in order to recover an $18 billion tax debt.
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Foreign investors may be allowed to bid for the key oil producing subsidiary of embattled Russian oil firm Yukos. Moscow authorities are forcing the sale of Yuganskneftegas, which accounts for 60% of the firm&#39;s
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The Russian oil giant Yukos substantially increased the reserve estimates Friday for its biggest subsidiary, one currently being appraised for sale by the government.
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Russia is pressing ahead with the last step in the destruction of YUKOS, saying it will auction the oil major&#39;s main Siberian unit on December 19 for $8.65 billion (4.66
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Yukos&#39; main production unit, Yuganskneftegaz, could be sold off in a single-bid, closed auction in just over a month&#39;s time, a spokesman for the Federal Property Fund said Monday.
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Russia appears ready to sell the main asset of Yukos, the country&#39;s embattled oil company, for $4 billion, a fraction of its worth, reports say.
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MOSCOW - Russia said on Friday it would go ahead with an auction to sell the key asset of embattled oil company Yukos despite a US bankruptcy court decision to block it for several days.