Russia to Hold YUKOS Auction Despite US Court
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Russia will forge ahead with an auction on Sunday to sell the key asset of stricken oil company YUKOS despite an order from a US bankruptcy court blocking the sale for 10 days, an official said on Friday.
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Description: Russian oil company Yukos files suit against the Russian government in US Bankruptcy Court in Houston, Texas, attempting to head off an auction of its main production unit.
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Russian oil group YUKOS has filed for  bankruptcy protection in a U.S. court in an attempt to stop  Russia's government from auctioning off its main production  unit on Dec. 19, it said on Wednesday.
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HOUSTON - Gazprom, the Russian state-controlled natural-gas giant, yesterday appealed a US bankruptcy judge&#39;s order that granted oil giant Yukos a temporary injunction halting the auction of its key production subsidiary.
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Russia pledged on Friday to ignore a US court order intended to block the looming auction of oil giant Yukosâ key production subsidiary, but a consortium
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SAN FRANCISCO (CBS.MW) -- Russian oil giant Yukos, fighting to keep Moscow from auctioning off its biggest asset, has been granted a hearing Thursday before a federal bankruptcy court judge in Houston.
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HOUSTON A district judge tonight upheld a temporary injunction halting the Moscow auction of a key production subsidiary of Russian oil giant Yukos.
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A U.S. bankruptcy court on Thursday  stepped into the battle between YUKOS and the Russian  government, issuing an order to block Sunday's auction of the  company's main oil-producing arm for 10 days.
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Lawyers for core shareholders in Yukos have vowed to sue the Russia &#39;s gas giant Gazprom or any other buyer of the stricken oil group&#39;s main subsidiary, Yuganskneftegaz, which is up for auction.
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Russia set a date for the auction of Yukos's main unit in a move that will pluck the embattled firm's crown jewel and effectively destroy what last year was considered the nation's best-run oil company.
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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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Russian oil group YUKOS has filed for  bankruptcy protection in a U.S. court in an attempt to stop the  Russian government from auctioning off its main production unit  on Dec. 19, it said on Wednesday.
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MOSCOW  - Russia pushed ahead with the weekend auction of the core asset of oil giant Yukos despite a US court order barring the sale, a rare legal victory that is unlikely to prevent the state from gaining control.
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LONDON, October 18  - Russia&#39;s privatization agency has set an auction date of November 22, 2004 for the sale of Yuganskneftegaz, the main production unit of the beleaguered oil giant, Yukos Oil (YUSA.
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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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Stricken Russian oil firm YUKOS may ask  a U.S. judge on Wednesday to find Gazprom in breach of a court  order for participating in the weekend sale of YUKOS's core  asset, which could expose the state gas giant to asset  seizures.
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MOSCOW, Russia -- Embattled Russian oil giant Yukos is set to learn if a US bankruptcy court will try to block the sale of its main production unit this weekend.