Gazprom to Bid for YUKOS Key Oil Unit
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Russia's Gazprom said on Tuesday it will  bid for embattled oil firm YUKOS' main unit next month, as the  Kremlin seeks to turn the world's biggest gas producer into a  major oil player.
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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.
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Russia pressed ahead on Friday with the last step in the destruction of oil major YUKOS, saying it will auction its main Siberian unit on Dec. 19 for $8.65 billion and hit it with a new tax claim.
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Russian energy giant Gazprom said Tuesday it would acquire state-owned oil company Rosneft in a stock swap expected to ultimately ease restrictions on foreign investment in the world's biggest natural gas producer.
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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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Russia said on Friday it would go ahead  with an auction to sell the key asset of embattled oil company  YUKOS YUKO.MM despite a U.S. bankruptcy court decision to  block it for several days.
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Russia&#39;s state-owned Gazprom may complete takeovers next month that will give it almost one-fifth of the nation&#39;s oil output, worth more than $20 billion this year.
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The previously unknown company that made the winning bid for beleaguered Yukos Oil Co.&#39;s core production facility is likely to make it available to state-controlled Gazprom natural
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In an attempt to create a state energy leviathan, the Russian natural gas monopoly Gazprom said today that it would bid for the prize oil assets of Yukos.
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The Russian government will sell a majority stake in the main production unit of the embattled Yukos oil company at an auction scheduled for Dec. 19, the Interfax news agency reported Friday.
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MOSCOW  - 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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MOSCOW : 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&#39;s largest gas producer.
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Gazprom, Russia&#39;s state-controlled gas monopoly, could team up with the China National Petroleum Corporation to develop the Yukos oil company&#39;s main production asset, sold to a mystery bidder on Sunday.
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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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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order seeking to block  Sunday's auction for 10 days.
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OAO Gazprom, the world&#39;s biggest natural-gas company, will borrow $10 billion from six banks led by Deutsche Bank AG to help finance a bid for OAO Yukos Oil Co.
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Foreign investors may be allowed to bid for the main assets of Russian oil major Yukos, Russia&#39;s privatization agency said Monday, amid speculation about a fire sale to settle Yukos&#39; back taxes.