Russia investors skeptical of Yukos mad scramble for cash
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Yukos scrambled to scrape together cash for a crushing tax bill by selling off one of its gas companies in the face of deep investor skepticism that Russia's oil giant could survive its standoff with the state.
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The absorption of Russian state-owned oil company Rosneft by the gas giant Gazprom appeared to run into trouble amid press reports of furious infighting among top Kremlin officials over the deal.
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MOSCOW, Russia -- The sale of embattled Russian oil company Yukos to a little known bidder has been called a scandal by some observers and led to speculation the government may make a grabbed for its assets.
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Investors will watch for oil news from Russia and Iraq next week, but skepticism that crude prices can stay sky-high is growing and a break in the energy market would fuel a rally in U.S. stock markets.
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Talk intensifies that oil company will sell its key Siberian unit for low price to pay back taxes. MOSCOW  - Shares of Russian oil company Yukos fell Monday as fears intensified that the firm&#39;s key
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The mystery surrounding Yukos's successful bidder, Baikal Finans Group, immediately raised suspicion among industry analysts.
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Competition heated up for the foreign assets of shattered oil company OAO Yukos on Thursday, while its board chairman hinted that a mystery investor could make a last minute offer to buy the company's billion-dollar debts as bankruptcy loomed.
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The future of the Russian oil industry took an unexpected turn Sunday when a previously unknown investment group won an auction for the main production assets of embattled oil company Yukos.
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Analysts around the capital sought Monday to identify the mysterious group that bought a $9.3 billion majority stake in the Yuganskneftegaz oil fields in Siberia, the prime asset of the moribund Russian oil giant Yukos.
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Top Russian oil exporter YUKOS threatened to escalate its legal battle abroad Tuesday as the mystery surrounding the buyer of its core asset began to lift with newspapers linking it to Russia&#39;s No.
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RUSSIAâS stricken oil industry is facing what some have branded a return to Soviet Union days after gas monopoly Gazprom said it might bid for the production arm of energy giant Yukos.
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When a 7.6 percent stake in Lukoil - the world&#39;s No. 2 oil company by reserves - goes under the auction hammer Wednesday in Russia&#39;s biggest privatization, industry watchers aren&#39;t expecting any surprises.
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MOSCOW : A top Western bank asked to value Yukos&#39;s core asset said the Russian government chose the lowest price possible for a planned sale of the oil giant&#39;s crown jewel in a move that has shaken investors.
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YUKOS and its investors were left guessing as to Russia's next move Monday after its main oil production unit was sold off to Baikal Finance Group, a mystery firm registered in a provincial city.
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Yukos shares rise after Russia's leading energy groups said they would not bid for its main production subsidiary.
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YUKOS YUKO.RTS, the Russian oil  company under siege by the Kremlin, faces a key test in its bid  to stave off destruction when a U.S. court begins hearings on  Wednesday on whether to proceed with its legal case.
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MOSCOW  - A politically charged attack on the Yukos oil company and the government's apparent indecision over the country's economic course have hampered investment in Russia, the World Bank said Monday in a report that stopped short of blaming the government for a summer slowdown in the economy.