State steps in for Yukos unit
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Russia&#39;s state owned oil firm Rosneft has bought the mystery winner of Yukos&#39; prize production unit in a move that nationalises 11% of the country&#39;s oil output even as a legal battle rages in America over the sale.
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Russian state oil firm Rosneft has bought YUKOS&#39;s core unit, effectively nationalizing 11 percent of the country&#39;s crude output and dealing a heavy blow
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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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MOSCOW  - The Russian gas giant Gazprom said its board of directors had given its go-ahead for the state-controlled firm to bid for the main production unit of embattled oil group Yukos.
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President Vladimir Putin gave his blessing on Friday for Russian state energy firms to bid for oil major Yukos&#39;s assets if bailiffs put them up for sale to recover a huge back-tax bill.
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Moscow. (Interfax) - The assets of Yuganskneftegaz, the core production unit of Yukos sold at a December 19 auction, will be transferred to a separate, wholly state-owned company, the Russian Industry and
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3 September 2004 -- Russia&#39;s tax authorities have given Yukos another bill for back taxes that is higher than the oil company expected.
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The Russian oil giant Yukos said on Friday that management was putting together an emergency plan to continue running the company for a few months, even after the auction of its prize asset next month.
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Russian state oil firm Rosneft has  bought YUKOS's core unit, effectively nationalising 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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Free-market principles were followed when a state-owned oil firm bought a key Yukos asset, Russia's president says.
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Yukos&#39; core shareholder, Group Menatep, has taken the first step toward suing the Russian government, the Moscow Times reported this weekend.
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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.
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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.
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Russia oil company YUKOS assets may be sold partially by the Russian Justice Ministry in order to cover its outstanding tax bill. The selling-off will probably touch YUKOS main oil subsidiary Yuganskneftegaz.
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A little known company has bought the main production unit of embattled Russian oil company Yukos, for around USD9.35bn. Little is known about the auction winner Baikalfinansgroup - named after a Siberian
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BEIJING, Dec. 23 -- Russian President Vladimir Putin has affirmed that the sale of Yukos&#39;s biggest subsidiary company Yugansk to BaikalFinansGroup complied with the law.
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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.