Gazprom decides to bid for Yukos key oil unit
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MOSCOW - Russia&#39;s Gazprom said on Tuesday it will bid for embattled oil firm Yukos&#39; main unit next month, as the Kremlin seeks to turn the world&#39;s biggest gas producer into a major oil player.
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The nascent petroleum division of natural gas giant Gazprom will bid for the crown jewel of the battered Yukos oil empire, its chief said Tuesday - indicating the heart of the company created by jailed billionaire Mikhail Khodorkovsky may end up in Kremlin
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The executive board of Russian gas monopoly Gazprom may discuss making a bid for the main production unit of oil major YUKOS at a meeting today, a Gazprom source says.
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Russia said on Friday it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order seeking to block Sunday&#39;s auction for 10 days.
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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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A consortium of international banks has withdrawn their support for a bid by the state gas monopoly Gazprom to buy one of Yukos's prized assets.
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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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MOSCOW - China&#39;s state oil company could be offered a 20 per cent stake in the recently auctioned main production unit of former Russian oil giant Yukos.
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Russia said it would welcome Indian and other companies bidding for the assets of Russian oil giant Yukos, the country's biggest oil exporter, due to be sold off later this month.
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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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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 nascent petroleum division of natural gas giant Gazprom will bid for the crown jewels of the battered Yukos oil empire, its chief said yesterday -- a move that could put the heart of the company jailed billionaire Mikhail Khodorkovsky created in Kremlin-friendly hands.
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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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RUSSIAâS stricken oil industry is facing what some have branded a return to Soviet Union days after gas monopoly Gazprom said it might bid for the production arm of energy giant Yukos.
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Russia's gas monopoly Gazprom will bid for the crown jewel of the embattled oil giant Yukos during an upcoming December auction, a top company official said, confirming long-held market rumors.
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Gas monopoly Gazprom has been given the green light by Russian authorities to bid for Yuganskneftegas, the main arm of stricken oil firm Yukos.
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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