Update 1: Russia: China to Cover Yukos&#39; Rail Fees
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China has agreed to step in and pay Russian rail fees to ensure that it continues to receive Yukos oil if the company is unable to cover the transport costs, officials at Russia&#39;s rail transport monopoly said Wednesday.
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The Russian Justice Ministry says it plans to sell some of the assets of the giant Yukos oil company to cover its outstanding tax bill.
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China emerged on Thursday as a dark  horse contender for the assets of stricken Russian oil major  YUKOS as the company's state-driven break-up took yet another  abrupt twist.
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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, will lower crude-oil deliveries to China National Petroleum Corp. this month and supply no oil in October because the Russian company
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Russia may auction 76.8 percent of the capital of Yukos&#39; major subsidiary of Yuganskneftegaz by the end of this month to cover the oil giant&#39;s multi-billion-dollar back taxes bill, Interfax news agency reported Thursday.
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SINGAPORE (Dow Jones)--The suspension by troubled Russian oil giant Yukos (YUKO.RS) of some crude exports to China has largely failed to move Asia&#39;s oil market as doubts surface over the company&#39;s grounds for its decision, industry sources said Monday.
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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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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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MOSCOW  - Visiting Chinese Prime Minister Wen Jiabao promised support Friday for Russia's bid for World Trade Organization membership, as the two countries discussed building a pipeline to transport Russian crude to China.
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MOSCOW The Russian Justice Ministry said on Tuesday that it had decided to go ahead with the sale of parts of the oil company Yukos to cover billions in taxes owed by the company.
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In a dramatic shift, Russia said Thursday it won&#39;t give the main asset of embattled oil giant OAO Yukos to gas company OAO Gazprom, instead using it to create a new government-owned oil company in which it will offer a minority stake to China&#39;s state
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Russia&#39;s Industry and Energy Minister Viktor Khristenko has said that the China National Petroleum Corporation (CNPC) could be offered a 20 percent stake in a state-owned Russian company which will run Yuganskneftegaz, the main production unit of
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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, will cut deliveries to China&#39;s biggest oil company next month after a government freeze on its bank accounts prevented it from paying railway bills.
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3 September 2004 -- Russia&#39;s tax authorities have given Yukos another bill for back taxes that is higher than the oil company expected.
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Some of YUKOSâs assets will be sold through the Russian Federal Property Fund, the Justice Ministryâs Main Department in Moscow said on Tuesday.
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Aug. 17 (Bloomberg) -- Russia&#39;s state-owned railway, the shipper of a fourth of OAO Yukos Oil Co.&#39;s crude oil, said it will guarantee exports, the clearest sign yet President Vladimir Putin wants to ensure supplies to world markets.
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China National Petroleum Corp. is in talks with Yukos in an effort to convince the Russian oil supplier to renew needed shipments of crude oil, an executive of China's state-run oil giant said Monday.