Gazprom to bid for Yukos unit
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Russian natural gas monopoly Gazprom ended weeks of speculation by announcing it will bid for struggling oil company Yukos&#39;s main production unit when it goes on the auction block this month.
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NEW YORK, December 22  - Russiaâs gas giant, Gazprom (GAZ.FSE), said yesterday that it had sold the holding structure that took part in the sale of Yukoâs main production unit two days before the auction, in a move aimed at avoiding
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Russia&#39;s gas monopoly Gazprom is talking to Western banks to raise up to $10 billion to fund the purchase of the key oil unit of embattled oil major Yukos, industry sources said on Wednesday.
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Russia is vowing to proceed with an auction of oil giant Yukos' key production subsidiary, saying a U.S. court ban is irrelevant. But the expected winner of Sunday's auction, the state-run Russian gas company Gazprom, may not be able to pay after a consortium of Western banks reportedly put on hold billions of dollars in credit it needs to fund its bid.
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The Russian government will sell a majority stake in the main production unit of the embattled Yukos oil company at an auction scheduled for Dec. 19, the Interfax news agency reported Friday.
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A top Gazprom official ended weeks of speculation, saying aid that the natural gas company wanted to bid in the auction for Yukos&#39;s main subsidiary, Yuganskneftegaz.
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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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Russia&#39;s state-controlled gas giant Gazprom approved a plan to bid for Yukos&#39; core production unit Wednesday amid reports that the company was negotiating to secure a euro10 billion (US$13 billion) loan from a group of Western banks to support its offer.
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order that seeks to halt  Sunday's auction for at least 10 days.
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Foreign investors may be allowed to bid for the key oil producing subsidiary of embattled Russian oil firm Yukos. Moscow authorities are forcing the sale of Yuganskneftegas, which accounts for 60% of the firm&#39;s
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The newly-created oil unit of Russian gas monopoly OAO Gazprom, Gazpromneft, will take part in the auction of the embattled Yukos oil company&#39;s largest unit, Yuganskneftegaz, Dow Jones NewsWires reported Tuesday, citing the news agency Prime-Tass.
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Gazprom, Russia's gas monopoly, says it will bid in the $8.65bn government sale of the main production arm of embattled oil firm Yukos.
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Russia&#39;s state-controlled gas monopoly, Gazprom, announced today that it is planning to bid for the main production facility of troubled oil company Yukos.
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OAO Gazprom, the world&#39;s largest natural gas producer, will bid for OAO Yukos Oil Co.&#39;s biggest oil unit next month and may buy other Russian producers in an effort to create an oil business as big as Exxon Mobil Corp.
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MOSCOW Gazprom, the leading Russian gas company, said Tuesday that it would buy one of the country&#39;s largest oil producers, a move that forms a state-controlled energy juggernaut and signals the first step toward ending a ban on foreign ownership of
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The Russian government will auction off Yuganskneftegas, the main production unit of embattled oil giant Yukos, on December 19 with a starting price of 246.75 billion rubles (8.65 billion dollars), the federal property fund announced.
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The previously unknown company that made the winning bid for beleaguered Yukos Oil Co.&#39;s core production facility is likely to make it available to state-controlled Gazprom natural