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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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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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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The state-owned oil company Rosneft has acquired the unknown front company that won a controversial auction Sunday for a major production unit of the besieged oil giant Yukos.
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The Russian natural gas company Gazprom on Tuesday said it would buy one of the country&#39;s top oil companies, a move that would create a state-owned energy juggernaut.
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Last week Russian state oil firm Rosneft bought out the mysterious buyer of Yukosâ oil subsidiary Yugansk putting to rest for now, wide-scale speculation over the buyerâs identity.
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Rosneft , Russia's No. 2 oil company, plans to invest $20 billion over five years to transform itself into a rival to the oil industry's leaders, its chief executive said, according to the Financial Times.
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Russian state oil firm Rosneft has  bought YUKOS's core unit, effectively nationalizing 11 percent  of the country's crude output and dealing a heavy blow to  YUKOS's attempts to halt its own dismemberment.
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MOSCOW, November 30 (RIA Novosti) - The Gazprom natural gas giant has decided to loan money for its subsidiary Gazpromneft to be able to bid for Yuganskneftegaz, the main production unit of Yukos.
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19 December 2004 -- The Russian firm Baikalfinansgroup has won the bidding to buy a core asset of the Yukos oil company -- Yuganskneftegaz -- as the Russian government today carried out its threat to dismember Yukos.
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Russian state oil firm Rosneft has bought YUKOS's core unit, effectively nationalizing 11 percent of the country's crude output and dealing a heavy blow to YUKOS's attempts to halt its own dismemberment.
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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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OAO Gazprom, the world&#39;s largest natural gas producer, will bid for OAO Yukos Oil Co.&#39;s biggest oil unit next month and may buy other Russian producers in an effort to create an oil business as big as Exxon Mobil Corp.
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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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ISN SECURITY WATCH (27/12/04) - Russia&#39;s state-owned Rosneft oil company announced on Thursday that it had fully bought Baikal Finance Group, the mysterious shell firm that had won the 20 December controversial auction for Yuganskneftegaz, the core
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Battered Russian oil major YUKOS  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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MOSCOW  - Russia's little-known BaikalFinansGroup bought the core production unit of oil giant Yukos at auction for &#36;9.3 billion US on Sunday, gaining control of one of Russia's most prized oil assets.