Russian Government Approves Rosneft Purchase of Yukos Main Unit
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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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An oil company controlled by the Russian government, Rosneft, said it had bought the company that had won Sundayâs auction for the largest arm of oil giant Yukos.
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Russia's president endorsed the sale of a majority stake in Siberian oil fields held by Yukos, the besieged Russian oil conglomerate, and said the purchase had followed the law.
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MOSCOW : Russia moved to bolster its role in the strategic energy sector as gas giant Gazprom said it would acquire state oil firm Rosneft, handing the government control of the world&#39;s largest gas producer.
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State-controlled Russian oil company Rosneft said Thursday it acquired licenses formerly held by Yukos to develop a number of eastern Siberian oil fields.
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MOSCOW The Russian Justice Ministry said on Tuesday that it had decided to go ahead with the sale of parts of the oil company Yukos to cover billions in taxes owed by the company.
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GAZPROM asserted its status as a major force in Russian oil yesterday by confirming that it would bid for Yuganskneftegaz, the Yukos oil subsidiary.
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Russian energy giant Gazprom said Tuesday it would acquire state-owned oil company Rosneft in a stock swap expected to ultimately ease restrictions on foreign investment in the world's biggest natural gas producer.
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Russian President Vladimir Putin on  Thursday strongly defended the takeover by state oil firm  Rosneft of stricken oil major YUKOS' key production unit,  Yuganskneftegaz, calling it a legitimate business deal.
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Russian state-owned oil company Rosneft has acquired the mysterious buyer of Yukos' most important production unit, Russian news agencies reported.
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A Russian state oil firm has bought  YUKOS's core unit, effectively nationalizing 11 percent of the  country's crude output and dealing a heavy blow to YUKOS's  attempts to halt its own dismemberment.
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The state-owned oil company Rosneft has acquired the unknown front company that won a controversial auction Sunday for a major production unit of the besieged oil giant Yukos, Russian news agencies reported late Wednesday.
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The Russian government plans to sell a majority stake in the main production unit of oil giant OAO Yukos at an auction on December 19.
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Russian state oil firm Rosneft has bought the core unit of Yukos, nationalizing more than 10 percent of the country&#39;s crude output and dealing a shattering blow to a once flourishing private enterprise.
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Russia moved to bolster its role in the strategic energy sector as gas giant Gazprom said it would acquire state oil firm Rosneft, handing the government control of the world's largest gas producer.
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A little known Russian organization, Baikalfinansgroup, bought the core production unit of the troubled Yukos oil company at auction for &#36;9.3 billion Sunday, gaining control of one of Russia's most prized oil assets.
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Russian state oil firm Rosneft on Friday  put its man in charge of Yuganskneftegaz, taking control of the  main production unit of oil major YUKOS, which is challenging  the government auction of the asset in U.S. courts.