Russia Delays Review of Yukos Subsidiary Licenses
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Russia&#39;s Natural Resources Ministry has postponed consideration of whether to suspend the licenses of the main subsidiary of the troubled giant oil firm Yukos.
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A planned sale of Russian energy giant Yukos&#39; main asset has become clouded by confusion over the price, the participants and the legality of the sale.
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Russian natural gas monopoly Gazprom  GAZPq.L on Saturday filed an appeal in U.S. district court  seeking to overturn a bankruptcy judge's order temporarily  blocking the auction of Yukos' YUKO.RTS main oil producing  subsidiary, planned for Sunday.
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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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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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Oil giant Yukos is halting two-thirds of its exports to China because of its financial troubles, a move which could raise oil prices.
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The deal whereby Russia was to repay its debts to Paris Club creditors has been postponed for an uncertain period of time.
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Fears of a management bailout at the embattled oil giant Yukos loomed large Thursday after the company's chief financial officer said he had delayed his return to Moscow indefinitely after Russian prosecutors had summoned him for questioning.
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Russia&#39;s Resources Ministry will decide in two weeks whether to revoke the production licences of oil major Yukos key Siberian unit Yugansk after it stopped paying taxes, a ministry source said Friday.
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Russian oil giant Yukos has reportedly lost a court case against the sale of its main production unit.
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Embattled Russian oil group YUKOS should  hear later on Thursday whether a U.S. bankruptcy court will  attempt to hold up the sale of its main production unit this  weekend, but lawyers and analysts expect Moscow will go ahead  anyway.
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MOSCOW: Embattled Russian oil major Yukos should hear later today whether a United States bankruptcy court will back its last-ditch attempt to halt the sale due on Sunday of its main production unit.
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Yukos suffered a double blow Tuesday when the Moscow Arbitration Court rejected attempts by the oil major to cover part of a $3.4 billion bill in back taxes and postpone collection of the claim.
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LONDON, September 20  - Russian oil giant, OAO Yukos Oil Company (YUSA.FSE), has partly suspended its rail shipments to China, leading to increased supply disruption risks in the global oil market.
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A US district court judge has upheld a bankruptcy court order temporarily blocking the auction of the main production subsidiary of one of Russia&#39;s biggest oil companies, Yukos.
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Russian regulators have again delayed a ruling on whether to strip British-Russian joint venture TNK-BP of its licence to operate the Kovykta gas field, suggesting a compromise is possible, a newspaper report said Friday.
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MOSCOW A Moscow court has barred the embattled Russian oil company Yukos from holding an emergency meeting at which shareholders were to vote on liquidating the company, an executive at another oil giant said Thursday.