Russian agency okays state&#39;s purchase of Yukos
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the oil giant&#39;s most important production unit - was sold at an auction last Sunday to an obscure company called BaikalFinansGroup for $9.3 billion
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The Russian government has approved a plan for the merger of natural gas giant Gazprom and the state-owned Rosneft oil company, a news agency reported Thursday.
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BaikalFinansGroup won the auction for Yuganskneftegaz on Sunday, agreeing to pay $9.3 billion for the main production unit of Yukos, Russia&#39;s largest oil producer, according to published reports.
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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 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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The Russian Justice Ministry has completed an assessment of the Yukos oil company and will sell off some of the company's assets, the ministry said in a statement Tuesday carried by the Interfax news agency.
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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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Moscow. (Interfax-China) - The assets of Yuganskneftegaz, the core production unit of Yukos sold at an auction on December 19, will be transferred to a separate, wholly state-owned company, the Russian Industry
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A CENTRAL Asian economic group today formally approved Russia&#39;s membership bid, giving Moscow a chance to restore its influence in this strategic, energy-rich region.
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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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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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President Vladimir Putin said on Friday Russian state firms should be allowed to buy assets of oil major YUKOS (YUKO.RTS: Quote, Profile, Research) if they are put up for sale to cover the firm&#39;s huge back tax bill.
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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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The Italian Ministry of Industry confirmed yesterday that Eni was interested in the purchase of Yukos assets.
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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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President Vladimir Putin gave his blessing on Friday for state energy firms to bid for oil major YUKOS&#39; assets if bailiffs put them up for sale to recover a huge back-tax bill.
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The Russian gas giant Gazprom said its board of directors had given its go-ahead for the state-controlled firm to bid for the main production unit of embattled oil group Yukos.