Russian State Firm Buys YUKOS Unit
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Russian state oil firm Rosneft has  bought YUKOS's core unit, effectively nationalizing 11 percent  of the country's crude output and dealing a heavy blow to  YUKOS's attempts to halt its own dismemberment.
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Gazprom, Russia's gas monopoly, says it will bid in the $8.65bn government sale of the main production arm of embattled oil firm Yukos.
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Last week Russian state oil firm Rosneft bought out the mysterious buyer of Yukosâ oil subsidiary Yugansk putting to rest for now, wide-scale speculation over the buyerâs identity.
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The future of the Russian oil industry took an unexpected turn Sunday when a previously unknown investment group won an auction for the main production assets of embattled oil company Yukos.
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An oil company controlled by the Russian government, Rosneft, said it had bought the company that had won Sundayâs auction for the largest arm of oil giant Yukos.
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Russia will auction control of OAO Yukos Oil Co.&#39;s main unit for as little as $8.6 billion in a government-run fire sale to collect back taxes that threatens to bankrupt the country&#39;s biggest oil exporter.
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Russian state-owned oil company Rosneft has bought the mysterious buyer of Yukos' most important production unit, Russian news agencies reported late Wednesday, in a deal that appeared to move the unit one step closer to ownership by state-controlled gas giant Gazprom.
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The Russian government plans to sell a majority stake in the main production unit of oil giant OAO Yukos at an auction on December 19.
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MOSCOW  - Russia's little-known BaikalFinansGroup bought the core production unit of oil giant Yukos at auction for &#36;9.3 billion US on Sunday, gaining control of one of Russia's most prized oil assets.
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Mikhail Khodorkovsky has handed over his controlling stake in oil giant Yukos to a close business partner, a Russian newspaper reports.
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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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MOSCOW. (RIA Novosti economic commentator Nina Kulikova) - On December 22 state-owned Rosneft purchased 100% of Baikal Finance Group, the mystery bidder that purchased a 76.6% stake in Yuganskneftgaz at auction.
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Kazakhstan's state-owned energy company, KazMunaiGaz, buys Romanian oil firm Rompetrol for $2.7bn.
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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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US oil major ConocoPhillips bought a 7.6-percent government stake in Russia's second-largest producer LUKoil for nearly two billion dollars in the nation's largest post-Soviet privatization deal.
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China lent Russia $6bn to help renationalise the key Yugansk unit of oil group Yukos, the Kremlin reveals.
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Russian President Vladimir Putin has defended the acquisition of Yuganskneftegaz, core asset of embattled oil major Yukos by the state-run Rosneft, saying that the state was protecting its interests in moving to get control of one of the biggest