Rosneft to Buy Purchaser of Yukos Unit
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Russia&#39;s anti-trust body said on Saturday it had approved the state oil firm Rosneft&#39;s purchase on Thursday of the obscure buyer of the key production unit of beleaguered YUKOS oil company.
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Russia&#39;s state-controlled gas giant Gazprom approved a plan to bid for Yukos&#39; core production unit Wednesday amid reports that the company was negotiating to secure a euro10 billion (US$13 billion) loan from a group of Western banks to support its offer.
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MOSCOW: Russian state oil firm Rosneft has bought the core unit of Yukos, nationalising more than one-tenth of the countryâs crude output and dealing a shattering blow to a once flourishing private enterprise.
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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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Russian state-owned oil company Rosneft has bought the mysterious buyer of Yukos&#39; most important production unit, Russian news agencies reported late Wednesday, in a deal that appeared to move the unit one step closer to ownership by state-controlled gas
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Russia's United Company RUSAL said on Friday it would go ahead with the purchase of a stake of 25 percent plus one share in Norilsk Nickel  from Mikhail Prokhorov's Onexim Group.
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MOSCOW, Oct 14  - The Russian government will sell a controlling stake in Yuganskneftegaz, the key holding of the troubled Yukos oil giant, for just over four billion dollars, Interfax reported Thursday without disclosing its sources.
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HOUSTON, Dec. 30 -- The merger of OAO Gazprom and OAO Rosneft is expected to be finalized early in 2005, and the assets of OAO Yukos unit Yuganskneftegas will not be involved in the initial consolidation as was earlier reported, a Russian official said.
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The buyer of the main asset of embattled Russian oil firm Yukos is reportedly sold to state-owned Rosneft.
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A little known group bought the main production unit of Russia's largest oil producer, Yukos, at auction for &#36;9.3 billion on Sunday, gaining control of one of Russia's most prized assets at a fraction of what Yukos executives say it is worth.
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Russia's president Vladimir Putin says the purchase of Yukos' main asset by state-owned oil group Rosneft was done in accordance with free market principles.
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On Saturday, Dec. 25, Russiaâs Federal Anti-Monopoly Service approved the acquisition of Yuganskneftegaz, the core production asset of the embattled Yukos Oil Company , by the state-owned Rosneft Oil Company.
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Battered Russian oil major YUKOS  YUKO.RTS said on Friday that Russian state oil firm Rosneft's  assumption of control over key unit Yuganskneftegaz was  tantamount to an "illegal seizure" of its asset.
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Russian state oil firm Rosneft on Friday put its man in charge of Yuganskneftegaz, taking control of the main production unit of oil major YUKOS, which is challenging the government auction of the asset in U.S. courts.
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Two little-known firms will join Russia gas monopoly Gazprom in the auction for the key unit of stricken oil giant Yukos, federal authorities say.
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U.S. oil major Chevron  is interested in buying assets of Russia's bankrupt oil firm YUKOS , the spokesman for YUKOS's receiver said on Friday.
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Russia said on Friday it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order seeking to block Sunday&#39;s auction for 10 days.