Yukos cuts oil exports to China
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MOSCOW The Russian oil giant Yukos has said that it would immediately reduce some of its rail exports of crude oil to China in what appears to be the first time that Yukos&#39;s ability to transport oil has been affected by its tax dispute with the Russian
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Reports of a new tax claim dealt a blow to Yukos on Monday, as the embattled oil major announced it would cut this year&#39;s oil output forecast and defer certain tax payments because of a lack of cash.
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Yukos, the Russian oil giant, is playing a weak hand well in its battle with the Kremlin by cutting its oil shipments to China ahead of a meeting between leaders of the countries this week, analysts said on Monday.
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China's biggest oil and gas producer could be offered a 20 percent stake in a Russian state company that will control Yukos' former key subsidiary, a Russian minister said Thursday, in an apparent attempt by authorities to avoid legal fallout from the disputed auction of the Yukos unit.
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China National Petroleum Corp. is in talks with Yukos in an effort to convince the Russian oil supplier to renew needed shipments of crude oil, an executive of China's state-run oil giant said Monday.
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Russia&#39;s troubled Yukos oil company says it is being forced to slash production and expenditures because the government has frozen its assets.
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China yesterday called on Russia to ensure oil giant Yukos meets commitments to Chinese customers. Yukos said on Friday it was suspending oil exports by rail to state-owned
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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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Embattled Russian oil company warns that it may scale back oil output after more funds seized. MOSCOW  - Russian oil major Yukos again warned on Thursday that it may be forced to cut output after
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MOSCOW: Shares of Russian oil major Yukos fell on Friday after the firm said it would trim output at its main Yugansk unit and a paper reported the unit could be sold for a fraction of what analysts say it is worth.
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Russia was set to rip the heart out of  its biggest oil producer, YUKOS, on Sunday, with the auctioning  off of its core unit to meet tax bills in a move which will  boost the Kremlin's control of the nation's oil.
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MOSCOW, DECEMBER 20: Russia Left Yukos and its investors guessing as to its next move on Monday after selling its main oil production unit to Baikal Finance Group, a mystery firm registered at a grocery in provincial Russia.
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Embattled Russian oil giant Yukos cut its 2004 oil production target from 90 million tonnes to 86 million tonnes, saying its inability to access frozen accounts had forced the firm to reduce operating costs.
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Russia moved ahead Friday with plans to break up the country&#39;s largest oil producer, announcing it would auction off a majority stake in the main production unit of oil giant OAO Yukos next month.
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MOSCOW : Russia&#39;s embattled Yukos oil giant said it had partly suspended its deliveries to China because its legal troubles have left it without cash to pay transport and customs costs.
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Chinese officials urged Russiaâs biggest oil exporter Yukos Oil Company to stand by its earlier commitments to export crude oil to China.
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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's financial turmoil.