YUKOS: Rosneft Takes Control of Yugansk
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A delegation of Russian state oil firm  Rosneft arrived on Friday in Nefteyugansk, hometown of stricken  oil major YUKOS's key unit, Yuganskneftegaz, to take control of  the company, YUKOS said.
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Russian President Vladimir Putin Thursday strongly defended the takeover by state oil firm Rosneft of stricken oil major YUKOS&#39;s key production unit, Yuganskneftegaz, saying it was a legitimate business deal.
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Russia's anti-trust body said on Saturday it had approved the state oil firm Rosneft's purchase on Thursday of the obscure buyer of the key production unit of beleaguered YUKOS oil company.
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MOSCOW  - Russia&#39;s anti-monopoly agency approved state oil company Rosneft&#39;s acquisition of the firm which won an auction for the embattled Yukos oil giant&#39;s core asset.
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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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The process of Gazprom, Rosneft merger will see no changes following Yuganskneftegaz acquisition by the latter. The respective decision was taken at the yesterday&#39;s sitting of Gazprom&#39;s BOD, Russia&#39;s Industry
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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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MOSCOW/SCHLESWIG, Germany  - Russian President  Vladimir Putin threw his weight behind the controversial sale  of top oil firm YUKOS's core asset Yugansk on Tuesday despite a  threat from the stricken company to escalate its legal battle  in foreign courts.
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An oil company controlled by the Russian government, Rosneft, said yesterday that it had bought the company that had won Sunday&#39;s auction for the largest subsidiary of the oil giant Yukos.
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Russia moved to bolster its role in the strategic energy sector as gas giant Gazprom said it would acquire state oil firm Rosneft, handing the government control of the world's largest gas producer.
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The Russian gas giant Gazprom said its board of directors had given its go-ahead for the state-controlled firm to bid for the main production unit of embattled oil group Yukos.
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As its merger unfolds with state-owned oil company Rosneft, Gazprom will not acquire Yuganskneftegaz, former key production unit of YUKOS oil company, Dmitry Medvedev, chairman of the Gazprom board, was cited as saying by Mayak radio.
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An oil company controlled by the Russian government said that it had bought the company that had won Sunday's auction for the largest subsidiary of Yukos.
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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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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.
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YUKOSâ major asset, Yuganskneftegaz, the sale of which was long disputed, is no more YUKOSâ subsidiary as yesterday it was sold by bailiffs to secure the recovery of overdue taxes.
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State gas giant Gazprom will participate in the Dec. 19 auction of Yukos unit Yuganskneftegaz, the head of the monopoly's nascent oil division said Tuesday.