Yukos abandons its fight for survival
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Russia&#39;s embattled oil giant Yukos raised the white flag and said it would seek &quot;liquidation or bankruptcy&quot; after the forced government sale of its key oilfield next month, the company said yesterday.
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MOSCOW, DECEMBER 20: Russia Left Yukos and its investors guessing as to its next move on Monday after selling its main oil production unit to Baikal Finance Group, a mystery firm registered at a grocery in provincial Russia.
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Russia&#39;s top oil exporter, YUKOS, slid closer to collapse after it lost its main production unit to a mystery buyer in a forced auction and acknowledged on Monday that its crude shipments were slowing.
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Shareholders in Yukos are considering liquidation or filing for bankruptcy, after deciding against a rescue plan for the embattled Russian oil firm.
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The government has eviscerated Russia&#39;s Western-style oil company, Yukos, in what has been widely viewed as political payback.
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MOSCOW: Russian oil major YUKOS is poised to lose its core Siberian units, but the state will postpone its final move to dismantle the giant firm beyond next weekâs tax deadline, analysts predicted on Friday.
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Investors refrained from trades in Yukos as they awaited a critical court decision on whether Russia's embattled oil giant could use its contested stake in a rival company to pay off its crushing tax bill.
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OAO Yukos said it is cutting its oil-output growth forecast for 2004 and would reduce its capital expenditures, in a sign that its conflict with the Kremlin was hurting the expansion of Russia&#39;s biggest oil exporter.
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A majority stake in the embattled Russian oil company Yukos' main production unit will be sold at an auction scheduled for Dec. 19, an announcement in the official government newspaper said Friday, confirming the country's largest oil producer will be broken up as part of a politically charged battle for control over the strategic resource.
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Russian oil company Yukos, with shares near all-time lows and its bosses in exile, warned last night it is being driven toward bankruptcy.
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Russia left YUKOS and its investors guessing as to its next move on Monday after selling its main oil production unit to Baikal Finance Group, a mystery
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NEW YORK/HOUSTON  - Russian oil company YUKOS will  go before a U.S. bankruptcy judge on Thursday, seeking to keep  alive its claims to the empire now dismantled by Moscow in the  ongoing tax dispute there.
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RUSSIAâS stricken oil industry is facing what some have branded a return to Soviet Union days after gas monopoly Gazprom said it might bid for the production arm of energy giant Yukos.
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A Moscow court throws out an appeal by Russian oil firm Yukos against it being declared bankrupt.
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Yukos is making a last-ditch attempt to use the US courts to preserve some kind of future for itself. But its adventure as Russia&#39;s biggest private sector company - an
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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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Beleaguered Russian oil company Yukos announced Monday that it had reduced its crude output forecast for the year as bailiffs continued to collect cash against the company's crushing back taxes bill from its frozen bank accounts.