Russian State Firm Buys YUKOS Unit
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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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The Russian leader strongly defended the purchase by a state-controlled company of the winner of Sunday's auction for the largest subsidiary of the oil giant 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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the main production unit of beleaguered Yukos. The oil giant insists the auction is state-sponsored theft and claims it is the victim of a Kremlin vendetta.
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Russian gas monopoly Gazprom gets government approval to make a bid for Yugansk, the main production arm of stricken oil firm Yukos.
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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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Russian state-owned oil company Rosneft has bought the mysterious buyer of Yukos' most important production unit, Russian news agencies reported late Wednesday, in a deal that appeared to move the unit one step closer to ownership by state-controlled gas giant Gazprom.
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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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The future of the Russian oil industry took an unexpected turn Sunday when a previously unknown investment group won an auction for the main production assets of embattled oil company Yukos.
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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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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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Battered Russian oil major YUKOS  YUKO.RTS 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, 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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Speculation that the Russian government is using intermediaries to take over energy giant Yukos Corp. grew Wednesday when its largest subsidiary wound up in the hands of a state-owned natural gas company.
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A little-known group bought the main production unit of Russia's largest oil producer for $9.3 billion on Sunday, gaining control of one of Russia's most prized assets for half of what foreign auditors say it is worth.
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OAO Rosneft, Russia&#39;s state-owned oil company, bought the winning bidder for the confiscated unit of OAO Yukos Oil Co., Russia&#39;s largest petroleum exporter, Interfax reported, citing an unnamed Rosneft official.
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The Russian government will auction off Yuganskneftegas, the main production unit of embattled oil giant Yukos, on December 19 with a starting price of 246.75 billion rubles (8.65 billion dollars), the federal property fund announced.