Yukos chief sees little hope for oil giant
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The American chief executive of Russia&#39;s embattled oil giant Yukos yesterday held out little hope of saving the company from dismemberment by the Putin government this month.
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Jailed Russian oil magnate Mikhail Khodorovsky says he expects he will lose control of the giant oil firm Yukos because of the company&#39;s current tax bill totaling more than $7 billion.
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A top Yukos executive told a US audience that Moscow was undervaluing his company's assets to keep Western firms out of the Russian market as the struggling giant sold off its facilities to pay off back taxes, ITAR-TASS reported.
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MOSCOW : Russia does not aim to nationalise embattled oil giant Yukos but state firms could bid for assets of the company if they are sold to pay off the company&#39;s multi-billion-dollar tax debts, President Vladimir Putin said.
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Russia does not aim to nationalise embattled oil giant Yukos but state firms could bid for assets of the company if they are sold to pay off the company's multi-billion-dollar tax debts, President Vladimir Putin said.
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The CEO of the shattered Russian oil giant Yukos said Tuesday that the company is pushing ahead with a strategy for its remaining divisions but will be cutting jobs following the government's seizure and auction of its main production subsidiary.
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Russia does not intend to nationalize the Yukos oil company, but state-owned organizations will be able to bid if its assets are put up for auction, President Vladimir Putin said Friday.
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Yukos Oil Company , Russiaâs biggest oil exporter, which currently struggles to pay off staggering tax bills, has announced on Monday, September 20 that it will lower crude oil deliveries to China this month, and supply no oil in October, Bloomberg
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MOSCOW : The Russian government aims to bankrupt oil giant Yukos and seize its main assets for the state, its chairman Viktor Gerashchenko said in a newspaper interview published.
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MOSCOW, December 16 (RIA Novosti) - Mikhail Khodorkovsky, the ex-chief of the YUKOS oil major, is upset that company managers have filed a lawsuit with an American court.
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MOSCOW The chief financial officer of Yukos, Russia&#39;s embattled oil company, said Thursday that he had delayed his return to Moscow indefinitely after Russian prosecutors had summoned him for questioning.
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Fears of a management bailout at the embattled oil giant Yukos loomed large Thursday after the company's chief financial officer said he had delayed his return to Moscow indefinitely after Russian prosecutors had summoned him for questioning.
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RUSSIAâS business leaders are bracing themselves for a further assault from the Kremlin after the effective renationalisation last week of Yukos, the oil company formerly headed by Mikhail Khodorkovsky, the jailed billionaire tycoon.
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Moscow. (Interfax) - Yukos&#39;s key production unit Yuganskneftegaz for now will not be able to fulfill the Natural Resources Ministry&#39;s claim and repay its debt on the mineral resources extraction tax, Yukos CEO Steven Michael Theede told Interfax.
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US officials have expressed concern about the fate of Yukos, the Russian oil company. Yukos shares have dropped sharply in value since the Russian government demanded it pay nearly three and a half billion dollars in back taxes. Russian authorities accuse ...
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Yukos, the Russian oil giant, could be forced to halt production because of a new court order, the company says.
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Under a powdery gray Moscow sky, YUKOS employees trudged through the snow to work on Friday, fearful for the future but afraid to speak out against a government about to dismember the once-mighty oil firm.