Yukos Unit Evaluated for Sale to Pay Bill
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Assets of Russia's beleaguered Yukos oil company should be sold for at least &#36;15 billion, a senior official said Monday, as the company's main production unit is evaluated for sale against a crushing back-tax bill.
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Russia appears ready to sell the main asset of Yukos, the country&#39;s embattled oil company, for $4 billion, a fraction of its worth, reports say.
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Russia pressed ahead on Friday with the  last step in the destruction of oil major YUKOS, saying it will  auction its main Siberian unit on Dec. 19 for $8.65 billion and  hit it with a new tax claim.
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The key production unit of beleaguered Russian oil giant Yukos was handed a back taxes bill for nearly $1 billion, the Interfax news agency reported Wednesday, apparently increasing the likelihood that the unit would be sold at auction.
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The sale by auction of the main production arm of Russian oil company Yukos is scheduled to take place today. Yukos&#39;s troubles began when its founder and key shareholder, Mikhail Khodorkovsky, broke an unwritten
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The receiver of Russian oil firm Yukos will hold the first auction of its remaining assets next month.
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MOSCOW : Russia&#39;s justice ministry announced plans to sell a part of the Yukos oil giant to cover the company&#39;s outstanding back taxes, officials said.
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Overseas firms may be allowed to bid for the key asset of under fire Russian oil firm Yukos, the Kremlin says.
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Russia&#39;s state-owned Gazprom monopoly has announced it will bid for Yukos&#39;s main oil production unit, which is being auctioned off by the government.
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Credit ratings agency S&amp;P cut Russia&#39;s YUKOS (YUKO.RTS: Quote, Profile, Research) to default grade on Tuesday for missing a payment on a Western bank loan after
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Russia's justice ministry announced plans to sell a part of the Yukos oil giant to cover the company's outstanding back taxes, officials said.
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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.
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The Russian Justice Ministry announced Tuesday that the Yukos oil company&#39;s main production subsidiary, Yuganskneftegaz, had been evaluated at $10.
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MOSCOW  - The heart of the Yukos oil empire will be auctioned by the government next month for what could be a bargain price to pay back a mounting multibillion-dollar tax bill, a dramatic finale to a relentless 18-month official probe that could destroy Russia's largest oil producer. A top Yukos manager slammed the plans as "government-organized theft."
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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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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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Assets of Yukos, once Russia's biggest oil producer, will be sold at an auction March 27 as the company's liquidation begins, the government announced Thursday.