Judge Orders Halt to YUKOS Unit Auction
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A U.S. bankruptcy court on Thursday  stepped into the battle between YUKOS and the Russian  government, issuing an order to block Sunday's auction of the  company's main oil-producing arm for 10 days.
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Russia&#39;s oil giant Yukos requested to block the auctioning off of its main production unit Yuganskneftegaz in Moscow on Sunday.
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MOSCOW - Russia said on Friday it would go ahead with an auction to sell the key asset of embattled oil company Yukos despite a US bankruptcy court decision to block it for several days.
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Russian oil giant Yukos has reportedly lost a court case against the sale of its main production unit.
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The Russian government delays a decision on whether to revoke Yukos' Siberian oil licences by three months.
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The Yukos oil company has filed for bankruptcy in the US and appealed for a temporary restraining order against the auction of its main production unit, scheduled for Sunday.
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Russian oil group YUKOS has filed for bankruptcy protection in a US court in an attempt to stop the Russian government from auctioning off its main production unit on Dec.
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The board of Russia's embattled oil giant Yukos will halt crude supplies to Baltic refinery Mazeikiu Nafta until the end of the year, the Interfax agency reported Monday &#151; just hours after Yukos confirmed a similar move involving a Chinese company.
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Russia said on Friday it would go ahead  with an auction to sell the key asset of embattled oil company  YUKOS YUKO.MM despite a U.S. bankruptcy court decision to  block it for several days.
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HOUSTON A district judge tonight upheld a temporary injunction halting the Moscow auction of a key production subsidiary of Russian oil giant Yukos.
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MOSCOW The Russian oil producer Yukos sought bankruptcy protection in the United States on Wednesday and requested an emergency court hearing to stop the Russian government&#39;s auction of its largest production unit.
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Russian natural gas monopoly Gazprom  GAZPq.L on Saturday filed an appeal in U.S. district court  seeking to overturn a bankruptcy judge's order temporarily  blocking the auction of Yukos' YUKO.RTS main oil producing  subsidiary, planned for Sunday.
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OAO Yukos Oil Co., Russia&#39;s second- largest oil producer, said it sought Chapter 11 bankruptcy protection in the US and requested an emergency court hearing to stop the Russian government&#39;s auction of its biggest unit.
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Russian oil major YUKOS said on  Wednesday it had filed for bankruptcy protection in a U.S.  court and would seek an order from the court to halt the Dec.  19 sale by the Russian state of its main oil unit.
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The protracted legal battle over Russian oil giant Yukos appeared to enter its final phase yesterday when the government set a date to auction off a majority stake in the company's richest energy fields and demanded another $6 billion in back taxes from a business already facing a crippling $14 billion bill for outstanding taxes and fines.
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order that seeks to halt  Sunday's auction for at least 10 days.
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A U.S. bankruptcy court is likely to  revoke its temporary ban on the sale of Russian oil group  YUKOS's main production unit, lawyers said on Friday.