Yukos cuts its production forecast
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Beleaguered Russian oil company Yukos said yesterday that it had reduced its crude output forecast for the year as bailiffs continued to collect cash against
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MOSCOW: Shares of Russian oil major Yukos fell on Friday after the firm said it would trim output at its main Yugansk unit and a paper reported the unit could be sold for a fraction of what analysts say it is worth.
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Moscow. (Interfax-China) - The assets of Yuganskneftegaz, the core production unit of Yukos sold at an auction on December 19, will be transferred to a separate, wholly state-owned company, the Russian Industry
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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.
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Schlumberger, the world's No. 2 oil services firm, said Friday it removed equipment from Yukos because of concern the embattled oil giant may cease to operate.
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MOSCOW  - The planned sale of Russian 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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But exports to Europe safe after the Russian oil firm seals a barter deal with pipeline monopoly. MOSCOW  - Yukos&#39; crippling tax debts finally forced the Russian oil major to make a much-feared production cut Wednesday.
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Russia's top oil exporter, YUKOS , slid  closer to collapse after it lost its main production unit to a  mystery buyer in a forced auction and its crude shipments  started to slow.
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Yukos, the Russian oil giant, could be forced to halt production because of a new court order, the company says.
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Oil giant Yukos says it is halting two-thirds of its 150,000 barrel a day exports to China because of its financial troubles.
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Russian oil giant Yukos has reportedly lost a court case against the sale of its main production unit.
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Russia's top oil exporter, YUKOS, slid  closer to collapse after a mystery buyer bought its main  production unit in a forced auction and its crude oil shipments  started to slow.
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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, cut its oil production target and capital spending for this year, the first sign its struggles to meet a $3.
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Oil giant Yukos is halting two-thirds of its exports to China because of its financial troubles, a move which could raise oil prices.
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Russian oil giant Yukos on Monday said its tax dispute with the state will mean a 4.5 percent cut inits 2004 oil output forecast. The company said in a statement that production
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MOSCOW A court here on Tuesday turned down two important appeals by Yukos, the largest Russian oil producer.
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The top management of oil major YUKOS has left Russia fearing arrest under a Kremlin drive to "decapitate" the country's largest oil exporting company, a YUKOS source said on Thursday.