YUKOS&#39; Hollow Victory
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Yesterday, Russia&#39;s erstwhile largest oil company, YUKOS (OTC BB: YUKOY), won a single legal skirmish in a land far from home.
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US officials have expressed concern about the fate of Yukos, the Russian oil company. Yukos shares have dropped sharply in value since the Russian government demanded it pay nearly three and a half billion dollars in back taxes. Russian authorities accuse ...
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Russia&#39;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 acknowledged on Monday that its crude shipments were slowing.
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Beleaguered Russian oil company Yukos announced Monday that it had reduced its crude output forecast for the year as bailiffs continued to collect cash against the company&#39;s crushing back taxes bill from its frozen bank accounts.
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Russia has sold the heart of the Yukos empire in an auction reminiscent of the country&#39;s notorious privatizations of the 1990s, analysts said Monday, as the former CEO of the oil company offered bitter season&#39;s greetings to the Kremlin from
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Yukos shares completed a full circle on Thursday, falling below $1 for the first time in more than four years. Shares in Russia&#39;s biggest oil producer, which went from market pariah to its
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The main production unit and jewel in the crown of Yukos, the beleaguered Russian oil group, was bought by a mystery shell company yesterday for a fraction of its real value, in
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A Moscow court throws out an appeal by Russian oil firm Yukos against it being declared bankrupt.
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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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The Natural Resources Ministry on Friday gave Yukos a three-month stay of execution. The company has three months to rectify tax payments at its core production unit, Yuganskneftegaz, or face losing key production licenses.
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YUKOS and its investors were left guessing as to Russia&#39;s next move Monday after its main oil production unit was sold off to Baikal Finance Group, a mystery firm registered in a provincial city.
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Yukos shares have plummeted nearly 10 percent in early trade Friday on Moscow&#39;s ruble-denominated MICEX exchange. That came after an unconfirmed report that the embattled oil giant&#39;s
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MOSCOW -- 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 the company's crushing back taxes bill from its frozen bank accounts.
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Russia has sold the heart of the Yukos empire in an auction reminiscent of the country&#39;s notorious privatizations of the 1990s, analysts said Monday, as the former CEO of the oil company offered bitter season&#39;s greetings to the Kremlin from his courtroom
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Yukos'  future is thrown into fresh doubt amid reports that Russia is planning to sell 77% of its key oil production unit for $4bn by the end of November.
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So is that it then? The stock market was understandably underwhelmed by yesterday&#39;s keenly awaited strategy statement from Rentokil Initial.
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Last Wednesday, at the stroke of noon, one of the most lucrative prizes in Russia&#39;s oil industry went under the hammer. Russia&#39;s Federal Property Fund, which controls sales of state assets, auctioned a 7.6