Kremlin Reasserts Hold on Russia&#39;s Oil and Gas
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On Sunday, Russia plans to auction the jewel of what used to be its most profitable, high-profile and well-run private company - the oil giant Yukos.
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MOSCOW, June 22 -- The state-controlled energy giant Gazprom on Friday bought a vast natural gas field in Siberia from a unit of  British-based petroleum conglomerate BP, continuing the Kremlin's policy of shifting control of the country's major energy projects from foreign to state hands.
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TNK-BP, which represents the biggest foreign investment in Russia, is fast emerging as the country&#39;s largest oil producer. Its rise to prominence comes amid increasing state involvement
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Russia&#39;s Natural Resources Ministry has postponed consideration of whether to suspend the licenses of the main subsidiary of the troubled giant oil firm Yukos.
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World crude prices rose Thursday after Russian oil company Yukos said a Moscow court&#39;s decision to effectively freeze its bank accounts threatened its ability to continue production.
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Russia has sold the heart of the Yukos empire in an auction reminiscent of the country&#39;s notorious privatizations of the 1990s, analysts said Monday, as the former CEO of the oil company offered bitter season&#39;s greetings to the Kremlin from his courtroom
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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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Analysis: Emboldened by its oil wealth and perhaps peeved by ingratitude after 9/11, Moscow wants to revive its role as a global counterweight to U.S. dominance
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The Russian governmentÂs campaign to tighten control over the countryÂs energy industry claimed its first prize from a foreign energy company today.
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President Vladimir V. Putin on Thursday strongly defended Russia&#39;s takeover of the main subsidiary of the Yukos oil company by a state oil company.
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Russia has the world s largest known natural gas reserves and one-eighth of the world s oil reserves.
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MOSCOW Gazprom, the leading Russian gas company, said Tuesday that it would buy one of the country&#39;s largest oil producers, a move that forms a state-controlled energy juggernaut and signals the first step toward ending a ban on foreign ownership of
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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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NEW YORK, December 23  - The Russian government appears all set to control 15% of the countryâs oil production, with the state-owned Rosneft purchasing Baikalfinansgroup, the unknown entity which won the weekend auction of Yukos
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Russian president Vladimir Putin has backed plans to end restrictions on the foreign ownership of shares in Russian energy giant Gazprom.
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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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OSCOW, Sept. 2- World oil prices rose on Thursday after Russia&#39;s largest oil producer, Yukos, said a court ruling &quot;paralyzes&#39;&#39; the company&#39;s operations.