Russia breaks US grip on oil company
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The dreams of US petro-billionaires to gain control of a large part of Russia&#39;s oil and gas production went up in smoke on Dec. 19.
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Rosneft, the state-owned Russian oil company, has reportedly moved to take control of Yuganskneftegaz, formerly Yukos&#39;s most important oil production plant.
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Russia pledged on Friday to ignore a US court ban on the looming auction of oil giant Yukos&#39; key production unit, while a consortium of Western banks reportedly put on hold billions of dollars in credit for the state-run Russian gas company that was
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Russia brushed aside an American court&#39;s attempt to halt the auction of the oil giant Yukos&#39; biggest production unit, but a consortium of international banks withdrew
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The United States on Friday added  its voice to the chorus of Western nations troubled by Russia's  dealings with foreign oil companies, saying it was "very  concerned" by Moscow's treatment of Royal Dutch Shell.
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With a Putin aide now at its helm, Russia's state-run oil firm seems set to grab the falling giant's assets
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"The U.S. side warned about the political influence Moscow would gain by controlling energy resources in Serbia and the region, and expressed a negative assessment about the economic justification of South Stream"  By Oleg ShchedrovMOSCOW  - Russia won the right on Friday to route a major gas supply route to Europe through its ally Serbia, a move analysts described as marking a Kremlin victory in a "pipeline war" with the European Union.The gas agreement, signed in the Kremlin before President Vladimir Putin and visiting Serbian leaders, alarmed the United States because it increased Moscow's control over energy supplies to Europe and could undermine a rival EU project.Strong Russian opposition to independence for the Serbian province of Kosovo was a key bargaining chip in the agreement for Serbia to join the South Stream gas pipeline. Belgrade also agreed to sell a majority stake in Serbia's oil monopoly NIS to Russian gas giant Gazprom at a favorable price. Read more
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Last Wednesday, at the stroke of noon, one of the most lucrative prizes in Russia&#39;s oil industry went under the hammer. Russia&#39;s Federal Property Fund, which controls sales of state assets, auctioned a 7.6
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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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NEW YORK -- Oil prices broke above $46 yesterday after Russian oil giant Yukos said it would cut some oil shipments to China, the first toll on exports from the company's financial turmoil.
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The Russian government has issued a new threat to strip Yukos oil of its production licenses, the Moscow Times reported Monday. Natural Resources Minister Yury Trutnev said
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Oil prices broke above $46 on Monday after Russian oil giant YUKOS said it would cut some oil shipments to China, the first toll on exports from the company&#39;s financial turmoil.
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OIL&#39;S RECORD-breaking rally took US crude over US$52 a barrel yesterday fuelled by the impact of Hurricane Ivan on US winter inventories.
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MOSCOW  - In a deal paving the way for future joint ventures, U.S. oil giant ConocoPhillips has won an auction with a bid of nearly &#36;2 billion US for the Russian government's 7.6 per cent stake in Russia's Lukoil - the world's No.&#160;2 oil company by reserves.
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US oil company is looking to buy up to 25% stake in the Russian oil giant, source says. MOSCOW  - US oil major ConocoPhillips is seeking to buy up to 25 percent in Russian oil giant Lukoil, booking
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US oil prices hit fresh record levels after Norwegian ship owners threaten to cut off supplies from the world's third biggest exporter.
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Russia is set to go ahead with a sale of the main production asset of Yukos, the countryâs embattled oil company, despite an injunction issued late yesterday by a US court.