Yukos considers self-destruction
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Shareholders in Yukos are pondering liquidation or filing for bankruptcy, after deciding against a rescue plan for the embattled Russian oil firm.
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Competition heated up for the foreign assets of shattered oil company OAO Yukos on Thursday, while its board chairman hinted that a mystery investor could make a last minute offer to buy the company's billion-dollar debts as bankruptcy loomed.
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Russian oil major YUKOS said on Wednesday it had filed for bankruptcy protection in a U.S. court and would seek an order from the court to halt the Dec. 19 sale by the Russian state of its main oil unit.
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Russia moved ahead Friday with plans to break up the country&#39;s largest oil producer, announcing it would auction off a majority stake in the main production unit of oil giant OAO Yukos next month.
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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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Oil major YUKOS will hold a shareholders meeting on Dec. 20 to decide whether to file for bankruptcy or liquidate the firm after it was hit with huge new
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Russia moved ahead Friday with plans to break up the country&#39;s largest oil producer over unpaid back tax bills, announcing it would auction off a majority stake in the main production unit of oil giant OAO Yukos next month.
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Stricken Russian oil firm YUKOS may ask  a U.S. judge on Wednesday to find Gazprom in breach of a court  order for participating in the weekend sale of YUKOS's core  asset, which could expose the state gas giant to asset  seizures.
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Embattled Russian oil company warns that it may scale back oil output after more funds seized. MOSCOW  - Russian oil major Yukos again warned on Thursday that it may be forced to cut output after
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The main shareholder of Russia&#39;s giant oil firm Yukos is reported to have filed suit for compensation from the upcoming forced sale of the company&#39;s top production unit.
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Yukos, the embattled Russian oil company, has filed for bankruptcy protection in an American court in an attempt to halt the sale of its Yuganskneftegas oil unit.
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The board chairman of OAO Yukos said the oil company's core shareholders might sell their controlling stake, a newspaper reported Tuesday.
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OAO Yukos Oil Co., Russia&#39;s second- largest oil producer, said it sought Chapter 11 bankruptcy protection in the US and requested an emergency court hearing to stop the Russian government&#39;s auction of its biggest unit.
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MOSCOW  - Russia&#39;s Yukos does not begin the week teetering on the edge of ruin where it has been for months now. The oil giant is flat on its back, gasping for its last breaths of air.
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Russian oil firm Yukos' battle for survival is set to rumble on after a US judge sets the date for a bankruptcy hearing.
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Oil major YUKOS  said on Wednesday it had filed for bankruptcy protection in a U.S. court and would seek an order from the court to halt the Dec. 19 auction by the Russian state of its main production unit.
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As YUKOS contemplates a staggering $17.5 billion tax bill, the spectre of bankruptcy has never seemed closer for Russia&#39;s biggest oil company.