Russian railway chief says Chinese firm will pay for Yukos oil deliveries
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MOSCOW  - The head of Russia's state-owned railway network said Thursday that a Chinese oil company will cover the embattled Yukos oil company's rail transport bills for October, the Interfax news agency reported.
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MOSCOW  - China's biggest oil and gas producer could be offered a 20 per cent stake in a Russian state company that will control Yukos' former key subsidiary, a Russian minister said Thursday, in an apparent attempt by authorities to avoid legal fallout from the disputed auction of the Yukos unit.
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Russia&#39;s prime minister pledged Friday his country would meet its oil export obligations to China, the Interfax news service said.
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China's biggest oil and gas producer could be offered a 20 percent stake in a Russian state company that will control Yukos' former key subsidiary, a Russian minister said Thursday, in an apparent attempt by authorities to avoid legal fallout from the disputed auction of the Yukos unit.
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Russia's Yukos oil company is suspending oil exports to the Chinese National Petroleum Corp. because it cannot afford to pay transport expenses, a news agency reported Sunday.
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The nascent petroleum division of natural gas giant Gazprom will bid for the crown jewels of the battered Yukos oil empire, its chief said Tuesday - a widely anticipated move that could put the heart of the company jailed billionaire Mikhail
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Russia's Gazprom monopoly will bid for the crown jewel of the embattled Yukos oil giant during an upcoming December auction, its chief said confirming long-held market rumors.
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China's state oil firm may get a 20% stake in Yukos' former oil production unit, a Russian minister says.
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Russia&#39;s Industry and Energy Minister Viktor Khristenko has said that the China National Petroleum Corporation (CNPC) could be offered a 20 percent stake in a state-owned Russian company which will run Yuganskneftegaz, the main production unit of
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Russia promised to sort out Yukos oil deliveries to China ahead of a visit by Chinese Premier Wen Jiabao dominated by the struggling oil major's decision to cut supplies to the energy-hungry Asian giant.
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Russian Prime Minister Mikhail Fradkov pledged Friday that Russia would keep meeting its oil export commitments to China, an apparent reference to fears that a cut in production at the beleaguered Yukos oil company could harm Beijing.
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Russia said Thursday that China Petroleum &amp; Chemical Corp., Asia&#39;s biggest oil refiner, may join Royal Dutch/Shell Group&#39;s Sakhalin-2 project in the Pacific and buy liquefied natural gas from the venture&#39;s offshore fields.
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BaikalFinansGroup won the auction for Yuganskneftegaz on Sunday, agreeing to pay $9.3 billion for the main production unit of Yukos, Russia&#39;s largest oil producer, according to published reports.
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A core shareholder in the company that owns about 60 percent of the shattered oil giant Yukos promised in an interview published Wednesday to sue Russian authorities for the destruction of what was once the nation's biggest oil producer.
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A top Yukos executive said that the company should be able to produce and sell oil at least until the end of September.
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The planned sale of oil giant Yukos' main pumping unit to pay off the parent company's back taxes won't affect production, Russia's energy minister was quoted Tuesday in news reports.
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Yukos, the Russian oil giant, is playing a weak hand well in its battle with the Kremlin by cutting its oil shipments to China ahead of a meeting between leaders of the countries this week, analysts said on Monday.