Yugansk Licenses Safe for 3 Months
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The Natural Resources Ministry on Friday gave Yukos a three-month stay of execution. The company has three months to rectify tax payments at its core production unit, Yuganskneftegaz, or face losing key production licenses.
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A sorpresa, Ã¨ stata la semisconosciuta societÃ  russa Baikalfinansgroup ad aggiudicarsi, presentando un&#39;offerta di 260,753 miliardi di rubli, (9,34 miliardi di dollari) la Yuganskneftegaz, principale divisione produttiva della societÃ  petrolifera russa
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Analysis by Peter Feuilherade of BBC Monitoring on 12 December  The independent Azeri TV and radio station ANS resumed broadcasting on 12 December, almost three weeks after being taken off the air, ostensibly because its broadcasting licence had expired.
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The Russian oil giant Yukos said today that its management was putting together an emergency plan to continue running the company for a few months, even after the auction of its prize asset in December.
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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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Last week Russian state oil firm Rosneft bought out the mysterious buyer of Yukosâ oil subsidiary Yugansk putting to rest for now, wide-scale speculation over the buyerâs identity.
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But exports to Europe safe after the Russian oil firm seals a barter deal with pipeline monopoly. MOSCOW  - Yukos&#39; crippling tax debts finally forced the Russian oil major to make a much-feared production cut Wednesday.
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YUKOSâ major asset, Yuganskneftegaz, the sale of which was long disputed, is no more YUKOSâ subsidiary as yesterday it was sold by bailiffs to secure the recovery of overdue taxes.
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The Yukos-related assets in Swiss bank accounts, unfrozen last week by Swiss authorities, will be used in part to support Russian opposition groups, a former Yukos director, Leonid Nevzlin, said.
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President Vladimir Putin affirmed the legality of the $9.3 billion sale of the crown jewel of the Yukos oil empire to a mysterious company, suggesting the new owners could eventually link up with another Russian energy company or a Chinese conglomerate.
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BEIJING, Dec. 23 -- Russian President Vladimir Putin has affirmed that the sale of Yukos&#39;s biggest subsidiary company Yugansk to BaikalFinansGroup complied with the law.
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order seeking to block  Sunday's auction for 10 days.
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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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On Tuesday, November 30, the Board of Directors of Russiaâs natural gas monopoly Gazprom has approved the decision to take part in the auction for the sale of 76.8 percent of shares of Yuganskneftegaz, the main production asset of embattled Yukos Oil
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order that seeks to halt  Sunday's auction for at least 10 days.
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MOSCOW - Bidding for Yukos&#39;s main oil-pumping division, Yuganskneftgaz, will proceed as scheduled on Sunday, say Russian officials.
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President Vladimir Putin affirmed the legality of the &#36;9.3 billion sale of the crown jewel of the Yukos oil empire to a mysterious company, suggesting Tuesday that the subsidiary's new owners could eventually link up with another Russian energy company &#151; or even a Chinese conglomerate.