Yukos to stop oil exports to China
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Russian oil giant Yukos has decided to halt two-thirds of its oil exports to China, raising the stakes in its yearlong legal battle with the authorities.
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MOSCOW, Dec. 19 - Russia dismantled its largest oil producer, Yukos, on Sunday by auctioning off the company&#39;s largest subsidiary to a little-known concern that registered as a last-minute bidder on Friday.
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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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MOSCOW  - China's biggest oil and gas producer could be offered a 20 per cent stake in a Russian state company that will control Yukos' former key subsidiary, a Russian minister said Thursday, in an apparent attempt by authorities to avoid legal fallout from the disputed auction of the Yukos unit.
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MOSCOW: Shares of Russian oil major Yukos fell on Friday after the firm said it would trim output at its main Yugansk unit and a paper reported the unit could be sold for a fraction of what analysts say it is worth.
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Oil giant Yukos says it is halting two-thirds of its 150,000 barrel a day exports to China because of its financial troubles.
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Russian oil major YUKOS said on Wednesday it had filed for bankruptcy protection in a US 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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MOSCOW Yukos said Monday that it would reduce crude oil output by 4.5 percent for 2004, the first time it has given a concrete estimate of the damage its conflict with the Russian government is doing to oil production.
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Russia&#39;s embattled Yukos oil giant raised the stakes in its bitter standoff with the Kremlin as the company slashed supplies to China in a move analysts said was designed to cause maximum embarrassment in Moscow.
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Russia's Yukos oil company is suspending oil exports to the Chinese National Petroleum Corp. because it cannot afford to pay transport expenses, a news agency reported Sunday.
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Russia&#39;s embattled Yukos oil giant said it had partly suspended its deliveries to China because its legal troubles have left it without cash to pay transport and customs costs.
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China National Petroleum Corp. is in talks with Yukos in an effort to convince the Russian oil supplier to renew needed shipments of crude oil, an executive of China's state-run oil giant said Monday.
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SINGAPORE (Dow Jones)--The suspension by troubled Russian oil giant Yukos (YUKO.RS) of some crude exports to China has largely failed to move Asia&#39;s oil market as doubts surface over the company&#39;s grounds for its decision, industry sources said Monday.
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OAO YUKOS oil company has temporally stopped crude oil railway deliveries to Chinese CNPC following the problems with the settlement of railway tariff rates and exports duties.
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Oil giant Yukos is halting two-thirds of its exports to China because of its financial troubles, a move which could raise oil prices.
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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&#39;s troubled Yukos oil company says it is being forced to slash production and expenditures because the government has frozen its assets.