Yukos could still rescue its main asset with help from US judge
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Yukos can succeed in postponing the auction of Yuganskneftegaz on December 19 if the court rules in its favor in the case where the Russian oil giant seeks US Chapter 11 bankruptcy protection.
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Russia will forge ahead with an auction on Sunday to sell the key asset of stricken oil company YUKOS despite an order from a US bankruptcy court blocking the sale for 10 days, an official said on Friday.
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Russia pledged on Friday to ignore a US court ban on the looming auction of oil giant Yukos&#39; key production unit, while a consortium of Western banks reportedly put on hold billions of dollars in credit for the state-run Russian gas company that was
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Embattled Russian oil giant Yukos has filed for bankruptcy protection in a US court in an attempt to prevent the forced sale of its main production arm.
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HOUSTON - Gazprom, the Russian state-controlled natural-gas giant, yesterday appealed a US bankruptcy judge&#39;s order that granted oil giant Yukos a temporary injunction halting the auction of its key production subsidiary.
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MOSCOW  - Oil giant Yukos will not file for bankruptcy despite its dire financial situation and an increasingly desperate fight with tax authorities over a nearly &#36;7-billion-US back tax bill, the company's chairman said in a newspaper interview.
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Russia said on Friday it would go ahead  with an auction to sell the key asset of embattled oil company  YUKOS despite a U.S. bankruptcy court decision to block it for  several days.
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Oil giant Yukos files for bankruptcy protection in the US in a last ditch bid to prevent the Kremlin auctioning its main asset.
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A US court  will rule on whether to block the forced auction of Yukos assets on Thursday,  the company says.
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MOSCOW  - Assets of Russia's beleaguered Yukos oil company should be sold for at least &#36;15 billion US, a senior official said Monday, as the company's main production unit is evaluated for sale against a crushing back-tax bill.
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OAO Gazprom, Russia&#39;s state-run gas producer, today appealed a US bankruptcy judge&#39;s ruling that bars it from bidding for the main unit of OAO Yukos Oil Co.
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The American chief executive of Russia&#39;s embattled oil giant Yukos yesterday held out little hope of saving the company from dismemberment by the Putin government this month.
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The Russian oil giant Yukos said yesterday that management was putting together an emergency plan to continue running the company for a few months, even after the auction of its prize asset in December.
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A U.S. district court judge on Saturday upheld a bankruptcy court order temporarily blocking Russian gas monopoly Gazprom from bidding in the auction of Russian oil giant YUKOS' main production subsidiary.
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Russia said on Friday it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order seeking to block Sunday&#39;s auction for 10 days.
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Russia said on Friday it would go ahead  with an auction to sell the key asset of embattled oil company  YUKOS YUKO.MM despite a U.S. bankruptcy court decision to  block it for several days.
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Russian authorities have brushed aside a US court ruling seeking to halt the sale of the core asset of the embattled Yukos Oil company.