Unknown Russian Company Buys Yukos Unit
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Russia has sold the heart of the Yukos empire in an auction reminiscent of the country's notorious privatizations of the 1990s, analysts said Monday, as the former CEO of the oil company offered bitter season's greetings to the Kremlin from his courtroom cage.
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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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In a surprising turn of events, an unknown company placed the winning bid for the oil arm of Yukos at a much publicised auction in Moscow on Sunday.
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PETER CAVE: A mystery Russian company has bought what&#39;s been described as the heart of the country&#39;s beleaguered oil giant, Yukos.
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Russian state oil firm Rosneft has bought the core unit of Yukos, nationalizing more than 10 percent of the country&#39;s crude output and dealing a shattering blow to a once flourishing private enterprise.
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Managers from a secretive, Kremlin-loyal oil company represented the mystery buyer of the beleaguered Yukos oil giant's core subsidiary, two Russian newspapers reported Tuesday.
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MOSCOW: Russian state oil firm Rosneft has bought the core unit of Yukos, nationalising more than one-tenth of the countryâs crude output and dealing a shattering blow to a once flourishing private enterprise.
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Description: Yukos Oil&#39;s main asset is sold at auction to a little-known firm, the Baikal Finance Group. A US State Department spokesman says the Russian company&#39;s breakup has &quot;eroded Russia&#39;s reputation as
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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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BEIJING, Dec. 23 -- Russian state-owned oil company Rosneft has reportedly bought the little-known company Baikal Finance Group which bought Yukos&#39; most important production unit Yuganskneftegaz.
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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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U.S. oil major Chevron  is interested in buying assets of Russia's bankrupt oil firm YUKOS , the spokesman for YUKOS's receiver said on Friday.
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Russia&#39;s state owned oil firm Rosneft has bought the mystery winner of Yukos&#39; prize production unit in a move that nationalises 11% of the country&#39;s oil output even as a legal battle rages in America over the sale.
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Baikal Finance Group, an unknown  company, won an auction for Russian oil company's YUKOS's core  asset Sunday with a $9.4 billion bid and analysts said whomever  was behind the bid enjoyed Kremlin favor.
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Russian state oil firm Rosneft has  bought YUKOS's core unit, effectively nationalising 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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A Russian state oil firm has bought YUKOS's core unit, effectively nationalizing 11 percent of the country's crude output and throwing confusion over YUKOS's attempts to halt its own dismemberment.
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An oil company controlled by the Russian government, Rosneft, said it had bought the company that had won Sundayâs auction for the largest arm of oil giant Yukos.