Gazprom Restrictions May Stay
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Just hours after President Vladimir Putin sent Gazprom shares soaring by indicating he backed ending the long-derided dual trading system for the gas giant&#39;s shares
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Russian gas giant Gazprom pushed ahead with plans to bid for the main production unit of embattled oil group Yukos, a takeover that would create a state-controlled oil and gas behemoth to rival Saudi Arabia's Aramco.
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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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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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Russiaâs strategy to secure a monopoly for Gazprom on exports to Asia is threatening an important investment by BP.
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Description: Russian officials make it clear they plan to proceed with an auction of oil company Yukos&#39; main production unit, despite a restraining order from a US court.
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Total will develop one of the worldâs largest natural gas deposits offshore in the Arctic with Russiaâs gas giant Gazprom, despite the risk of nationalization.
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Russian president Vladimir Putin has backed plans to end restrictions on the foreign ownership of shares in Russian energy giant Gazprom.
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MOSCOW  - A Western bank consortium led by Deutsche Bank has frozen a planned credit line to Gazprom, Russia's state-controlled natural gas giant, following a U.S. bankruptcy court injunction against the sale of the Yukos oil company's main production subsidiary, the ITAR-Tass news agency reported Friday.
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Although the bid has been approved by Gazprom's management, it still requires approval from the board of directors, including German Gref, Russia's reform-minded minister for economic development and trade.
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The oil wing of Russia's state-controlled natural gas giant Gazprom does not intend to pull out of this weekend's auction of the main production unit of the embattled Yukos oil company, the ITAR-Tass news agency reported Friday.
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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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The moment investors have been awaiting for years came unexpectedly Tuesday, when President Vladimir Putin backed plans to lift rules banning foreigners from buying local Gazprom shares.
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In doing so, American officials are striving to weaken the grip of Gazprom, Russiaâs state-owned energy monopoly, in Central Asia.
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BP Plc's Russian venture is likely to lose its license for the giant Kovykta gas field on Friday, although Moscow could postpone the tough action until after the G8 Summit and its landmark economic forum.
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MOSCOW, June 22 -- The state-controlled energy giant Gazprom on Friday bought a vast natural gas field in Siberia from a unit of  British-based petroleum conglomerate BP, continuing the Kremlin's policy of shifting control of the country's major energy projects from foreign to state hands.
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A U.S. district court judge on Saturday  upheld a bankruptcy court order temporarily blocking Russian  gas monopoly Gazprom from bidding in the auction of Russian oil  giant YUKOS' main production subsidiary.