Yukos Unit Warned on Drilling Violations
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A key production unit of embattled oil giant Yukos was warned it has six months to correct violations at three drilling sites in western Siberia or the sites' licenses would be revoked, the Natural Resources Ministry's press service said Thursday.
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Yukos&#39; main shareholder has filed a legal complaint to prevent the Russian government selling off the oil giant&#39;s main production unit, reports say.
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Poland's two biggest refineries scrambled Friday to reassure clients that they would experience no crude oil shortfall after a trading wing of shattered oil giant Yukos invoked a contract provision that indicates it will be unable to fulfill supply commitments to the former Soviet bloc country.
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OAO Yukos Oil Co., Russia&#39;s second- largest oil producer, said it filed for Chapter 11 bankruptcy protection in the US and asked for an emergency court hearing to stop the sale of its main unit in four days.
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China yesterday called on Russia to ensure oil giant Yukos meets commitments to Chinese customers. Yukos said on Friday it was suspending oil exports by rail to state-owned
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MOSCOW. Dec 11 (Interfax) - The Russian government's environmental watchdog has accused facilities belonging to Russian natural gas monopoly Gazprom (RTS: GAZP) of serious violations of nature conservation law.
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: The Bush administration today protested Russiaâs auction of Yukosâ main oil production unit and warned it could have a âchilling effectâ on foreign investment in Russia.
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Yukos&#39; future has been thrown into fresh doubt amid reports that Russia is planning to sell 77% of its key oil production unit by the end of November.
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MOSCOW -- The Moscow Arbitration Court ruled yesterday embattled oil giant Yukos must pay $1.34 billion US in fines and penalties as part of a $4.
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The Russian government's assault on oil giant Yukos is a source of concern that could impact foreign investment in the country, a senior International Monetary Fund official warned.
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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, will lower crude-oil deliveries to China National Petroleum Corp. this month and supply no oil in October because the Russian company
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The Bush administration on Tuesday  protested Russia's auction of YUKOS's main oil production unit  and warned it could have a "chilling effect" on foreign  investment in Russia.
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Yukos Oil Company , Russiaâs biggest oil exporter, which currently struggles to pay off staggering tax bills, has announced on Monday, September 20 that it will lower crude oil deliveries to China this month, and supply no oil in October, Bloomberg
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Yukos issued a fresh warning yesterday that it could be forced to cut output, after a court ruling allowing authorities to seize up to $2.
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China&#39;s state-owned oil conglomerate has filed a lawsuit seeking compensation from troubled Russian oil company Yukos for failing to fulfill its export contracts, state media said.
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Russian regulators voiced their support  for oil major YUKOS's YUKO.MM integrity on Wednesday as it  faced losing its main production unit to pay a huge tax bill  but secured access to vital export slots for its crude oil.
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Yukos, the Russian oil group, might file for bankruptcy in the next few days unless the Russian authorities reduce the pressure they have been applying, its chief financial officer Bruce Misamore said in an interview with the Financial Times.