Russian agency okays state&#39;s purchase of Yukos
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the oil giant&#39;s most important production unit - was sold at an auction last Sunday to an obscure company called BaikalFinansGroup for $9.3 billion
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Amid the intrigue surrounding the sale of the largest subsidiary of the Russian oil giant Yukos, the Kremlin effectively wound up with control of about 15 percent of the country&#39;s oil production, which industry analysts had speculated was the government&#39;s
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Russia&#39;s anti-trust body said on Saturday it had approved the state oil firm Rosneft&#39;s purchase on Thursday of the obscure buyer of the key production unit of beleaguered YUKOS oil company.
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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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Russian President Vladimir Putin said the auction that saw the crown jewel of the Yukos oil empire bought by a mysterious company fully complied with Russian law, and he suggested that the new owners of the subsidiary could eventually link up with another
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The Russian Competition Institution has approved the sale of Baykal Finans Group, which had purchased Yuganskneftgaz, the main oil production of Yukos, to state company Rosneft.
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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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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's state-controlled gas giant Gazprom approved a plan to bid for Yukos' core production unit Wednesday amid reports that the company was negotiating to secure a &#36;13 billion loan from a group of Western banks to support its offer.
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A CENTRAL Asian economic group today formally approved Russia&#39;s membership bid, giving Moscow a chance to restore its influence in this strategic, energy-rich region.
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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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BEIJING, Dec. 23 -- Russian state-owned oil company Rosneft has reportedly bought the little-known company Baikal Finance Group which bought Yukos&#39; most important production unit Yuganskneftegaz.
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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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The Russian Federation Federal Antimonopoly Service has approved the acquisition by the Rosneft state oil company of Baykalfinansgrup, which won the auction for the sale of the controlling package of shares in the Yuganskneftegaz company, Interfax has
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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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The Italian Ministry of Industry confirmed yesterday that Eni was interested in the purchase of Yukos assets.
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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.