Yukos assets...ONGC may bid with Gazpromneft
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ONGC Videsh Ltd. (OVL) could emerge as the favored partner of Russian gas firm Gazpromneft in the latter&#39;s bid for the assets of the beleaguered Russian oil giant Yukos.
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Moscow. (Interfax) - A decision from a syndicate of Western banks to provide a credit to Russian gas giant Gazprom will depend on whether a Houston court upholds a request by Yukos for a preliminary injunction to halt the planned sale of Yuganskneftegaz.
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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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Russian press reports say oil company Surgutneftegaz is the mystery purchaser of the main assets of Russia&#39;s Yukos empire, which was auctioned for $9.35 billion to a shell company at the weekend.
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Russia said on Saturday it would welcome more offers for the assets of oil major YUKOS as the only declared bidder, Gazprom, inked a cooperation deal with India's state-run ONGC oil firm.
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The nascent petroleum division of natural gas monopoly Gazprom will bid for the top production unit of the battered Yukos oil empire, its chief said Tuesday -- a widely anticipated move that could put the heart of the company into Kremlin-friendly hands.
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RUSSIAN OIL FIGHT: The main production subsidiary of oil giant Yukos, Yuganskneftegaz, is scheduled to be auctioned off by the Russian government on Sunday to pay off &#36;28 billion in back taxes it says Yukos owes.
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General view of Gazprom headquaters is seen, in Moscow, on Friday, Dec. 17, 2004. The oil wing of Russia&#39;s state-controlled natural gas giant Gazprom does not intend to pull out of this weekend&#39;s auction of
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China's biggest oil and gas producer could be offered a 20 percent stake in a Russian state company that will control Yukos' former key subsidiary, a Russian minister said Thursday, in an apparent attempt by authorities to avoid legal fallout from the disputed auction of the Yukos unit.
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The Russian gas giant Gazprom declared Wednesday it would bid for a major oil production subsidiary of the embattled oil company Yukos when the subsidiary is auctioned off by the government on Dec.19.
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Russia&#39;s state-owned Gazprom may complete takeovers next month that will give it almost one-fifth of the nation&#39;s oil output, worth more than $20 billion this year.
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Cash-flush Surgutneftegaz, Russia's fourth-largest oil company by production and reserves, might consider buying embattled oil major Yukos' core production unit, the company's deputy chief said Tuesday.
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MOSCOW, Russia -- The sale of embattled Russian oil company Yukos to a little known bidder has been called a scandal by some observers and led to speculation the government may make a grabbed for its assets.
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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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MOSCOW, November 30 (RIA Novosti) - Gazprom will bid in the Yuganskneftegaz auction, Gazpromneft chief executive officer (CEO) Sergei Bogdanchikov told the Russian Gas-2004 second international forum Tuesday.
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India's biggest oil exploration firm, Oil & Natural Gas Corp (ONGC), says it is in talks to buy the former assets of troubled Russian crude producer Yukos.
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Moscow. (Interfax-China) - The assets of Yuganskneftegaz, the core production unit of Yukos sold at an auction on December 19, will be transferred to a separate, wholly state-owned company, the Russian Industry