Gazprom Expansion Wins Investor Backing as Putin Tightens Grip
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Russian President Vladimir Putin is winning support for his plan to ease restrictions on foreign ownership of OAO Gazprom, the nation&#39;s largest gas producer.
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President Vladimir Putin on Thursday strongly defended the purchase of Yukos oil assets by a state-owned company, saying the state was protecting its interests in moving to get control of the one of the biggest production facilities in Russia.
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BEIJING, Dec. 23 -- Russian President Vladimir Putin has affirmed that the sale of Yukos&#39;s biggest subsidiary company Yugansk to BaikalFinansGroup complied with the law.
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General view of Gazprom headquaters is seen, in Moscow, on Friday, Dec. 17, 2004. The oil wing of Russia&#39;s state-controlled natural gas giant Gazprom does not intend to pull out of this weekend&#39;s auction of
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MOSCOW  - Russia forged ahead with the weekend auction of the core asset of crippled oil giant Yukos despite a disputed US court order barring the sale, with state-controlled gas giant Gazprom entering the bidding.
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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.
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Russian president Vladimir Putin backs plans to end restrictions on the foreign ownership of shares in energy giant Gazprom.
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President Vladimir Putin backed a government proposal Tuesday to swap state-owned oil company Rosneft for shares in Gazprom - a major step toward removing restrictions on foreign investors&#39; access to shares in the natural gas giant.
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Russian gas export monopoly Gazprom  plans to buy around 50 percent of the Shell-led Sakhalin-2 oil  and gas project for cash and assets, its chairman, Dmitry  Medvedev, said on Tuesday.
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By Arkady Ostrovsky in Moscow, James Boxell in London and Doug,Cameron in Houston. Gazprom, Russia&#39;s state-backed gas monopoly, could team up with one of the major international oil groups in a bid for the
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GAZPROM asserted its status as a major force in Russian oil yesterday by confirming that it would bid for Yuganskneftegaz, the Yukos oil subsidiary.
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Russia&#39;s state-controlled gas giant Gazprom approved a plan to bid for Yukos&#39; core production unit Wednesday amid reports that the company was negotiating to secure a euro10 billion (US$13 billion) loan from a group of Western banks to support its offer.
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The Russian state will maintain some restrictions on foreign ownership in gas giant Gazprom after the liberalisation of its shareholding structure, a top minister said.
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Shares in British Gas-owner Centrica rise 4% on speculation it could be a target for Russian gas giant Gazprom.
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President Vladimir Putin backed a government proposal Tuesday to make the state oil company Rosneft a subsidiary of Gazprom &#151; a major step toward giving foreign investors access to the natural gas giant's coveted local shares.
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Russia's energy and rail transport industries are prime for investment by Western investors, the head of U.S. manufacturing and financial giant General Electric Co. said Thursday.
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Outgoing Ukrainian President Leonid Kuchma gained Russian President Vladimir Putin&#39;s backing yesterday against calls for a quick rerun of the last round of the disputed presidential election.