Russia energy merger hits snag amid Kremlin bickering
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Gas giant Gazprom's absorption of Russia's state-owned Rosneft his a snag amid Kremlin infighting over a looming redistribution of the country's lucrative energy sector.
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Yukos'  future is thrown into fresh doubt amid reports that Russia is planning to sell 77% of its key oil production unit for $4bn by the end of November.
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Russia's top oil exporter, YUKOS , slid  closer to collapse after it lost its main production unit to a  mystery buyer in a forced auction and its crude shipments  started to slow.
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A planned sale of Russian energy giant Yukos&#39; main asset has become clouded by confusion over the price, the participants and the legality of the sale.
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Talks on a multibillion-dollar deal for Russian state flag carrier Aeroflot to buy 22 Boeing 787s are on hold, and frosty relations between Russia and the United States could be to blame, a Russian airline official said Thursday.
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A tentative deal between supporters of Ukraine&#39;s opposition leader Viktor Yushchenko and their pro-government foes hit a snag Tuesday when European-brokered talks revealed key differences that cast doubt over its approval by
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The move brought intense speculation that the Russian government may seek to leverage the investment into a strategic partnership with the company.
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"Politicians have to know how to respond to current uncertainties and tensions in the world. Nothing would contribute more to peace in the world than a good, stable and lasting relationship between the EU and Russia"  By Jeff MasonMAFRA, Portugal  - Russian President Vladimir Putin sparred with European Union leaders on Friday over EU plans to limit foreign investment in its energy markets and Russia's stalled bid to join the World Trade Organization.One EU source called the talks "tough, frank" and described the players as "still trying to make each other hear the other."Putin, in his final EU summit as president, took a swipe at proposals from Brussels that could prevent gas monopoly Gazprom from buying up power grids and pipelines while the 27-nation bloc revamps its gas and electricity markets. Read more
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The fate of Yuganskneftegas - the Russian oil firm sold to a little-known buyer on Sunday - is the subject of frantic speculation in Moscow.
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Environmentalists in Russia are finding an unlikely ally in the Kremlin as it works to stall projects by oil companies on an island unfathomably rich with oil and gas.
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MOSCOW : A deal between French energy group Total and Russian gas firm Novatek shows that oil majors have an appetite for Russia&#39;s energy riches despite the Yukos affair, but also the limited role now possible for foreigners in this strategic sector
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MOSCOW The stakes are high in the much-publicized feud between the Kremlin and the Russian oil giant Yukos - so high that the outcome of that battle will shape how the country&#39;s energy industry grows in 2005 and beyond.
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Russian gas giant Gazprom pushed ahead with plans to bid for the main production unit of embattled oil group Yukos, a takeover that would create a state-controlled oil and gas behemoth to rival Saudi Arabia's Aramco.
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The agreement mends a rift between the two Russian state energy companies that had been slowing investment in the development of new fields.
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Rows over diplomatic and business issues are roiling a longstanding alliance at an uncertain juncture.
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The State Department said Thursday it was disappointed with the way the Kremlin handled the purchase of Yukos oil assets, contending the action sends the wrong signal to foreign investors.
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Yukos trading came to a near standstill as investors tired of endless rumours over the fate of Russia's largest oil producer and a Moscow court stuck another dagger in the heart of the wounded giant.