Gazprom Board OKs Plan to Bid for Yukos
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Russia's state-controlled gas giant Gazprom approved a plan to bid for Yukos' core production unit Wednesday amid reports that the company was negotiating to secure a &#36;13 billion loan from a group of Western banks to support its offer.
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Russia&#39;s Gazprom said on Tuesday it will bid for embattled oil firm YUKOS&#39; main unit next month, as the Kremlin seeks to turn the world&#39;s biggest gas producer into a major oil player.
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OAO Gazprom, the world&#39;s biggest natural-gas company, will borrow $10 billion from six banks led by Deutsche Bank AG to help finance a bid for OAO Yukos Oil Co.
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GAZPROM asserted its status as a major force in Russian oil yesterday by confirming that it would bid for Yuganskneftegaz, the Yukos oil subsidiary.
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BERLIN/LONDON  - Bankers now in talks with Russian  gas firm Gazprom about paying for its bid for the oil  production arm of YUKOS will not go against a U.S. ruling that  the sale was illegal, banking sources said on Friday.
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Russia's gas monopoly Gazprom will bid for the crown jewel of the embattled oil giant Yukos during an upcoming December auction, a top company official said, confirming long-held market rumors.
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The Russian government has approved a plan for the merger of natural gas giant Gazprom and the state-owned Rosneft oil company, a news agency reported Thursday.
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Gazpromâs oil arm Gazpromneft is set to take part in the auction for Yuganskneftegaz, Yukosâ main production unit, despite a ruling by a US bankruptcy court to halt the sale for 10 days.
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A U.S. district court judge on Saturday  upheld a bankruptcy court order temporarily blocking Russian  gas monopoly Gazprom from bidding in the auction of Russian oil  giant YUKOS' main production subsidiary.
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Russian president Vladimir Putin has backed plans to end restrictions on the foreign ownership of shares in Russian energy giant Gazprom.
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The nascent petroleum division of natural gas giant Gazprom will bid for the crown jewel of the battered Yukos oil empire, its chief said Tuesday - indicating the heart of the company created by jailed billionaire Mikhail Khodorkovsky may end up in Kremlin
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Russian natural gas monopoly Gazprom ended weeks of speculation by announcing it will bid for struggling oil company Yukos&#39;s main production unit when it goes on the auction block this month.
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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 Gazprom, the leading Russian gas company, said Tuesday that it would buy one of the country&#39;s largest oil producers, a move that forms a state-controlled energy juggernaut and signals the first step toward ending a ban on foreign ownership of
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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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Russian President Putin approved the suggestion made by Prime Minister Fradkov to promptly liberalize the share market of natural gas monopoly Gazprom .
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The newly-created oil unit of Russian gas monopoly OAO Gazprom, Gazpromneft, will take part in the auction of the embattled Yukos oil company&#39;s largest unit, Yuganskneftegaz, Dow Jones NewsWires reported Tuesday, citing the news agency Prime-Tass.