YUKOS: Rosneft Takes Control of Yugansk
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Russian state oil firm Rosneft moved on Friday to take control of stricken oil major YUKOS's key unit, Yuganskneftegaz, bought at a controversial auction which YUKOS is challenging in the U.S. courts.
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As its merger unfolds with state-owned oil company Rosneft, Gazprom will not acquire Yuganskneftegaz, former key production unit of YUKOS oil company, Dmitry Medvedev, chairman of the Gazprom board, was cited as saying by Mayak radio.
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The Russian Competition Institution has approved the sale of Baykal Finans Group, which had purchased Yuganskneftgaz, the main oil production of Yukos, to state company Rosneft.
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On Saturday, Dec. 25, Russiaâs Federal Anti-Monopoly Service approved the acquisition of Yuganskneftegaz, the core production asset of the embattled Yukos Oil Company , by the state-owned Rosneft Oil Company.
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Russian state-owned oil company Rosneft has bought the mysterious buyer of Yukos&#39; 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
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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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Russian state oil firm Rosneft on Friday  put its man in charge of Yuganskneftegaz, taking control of the  main production unit of oil major YUKOS, which is challenging  the government auction of the asset in U.S. courts.
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RBC, 16.12.2004, Moscow 18:15:25.Foreign banks that will provide credits to a possible buyer of Yuganskneftegaz may gain control over this enterprise, Igor Yurgens, the Vice President of the Russian Union of Industrialists and Entrepreneurs told Echo of
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Russian President Vladimir Putin  Thursday strongly defended the takeover by state oil firm  Rosneft of stricken oil major YUKOS's key production unit,  Yuganskneftegaz, saying it was a legitimate business deal.
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MOSCOW : Russia moved to bolster its role in the strategic energy sector as gas giant Gazprom said it would acquire state oil firm Rosneft, handing the government control of the world&#39;s largest gas producer.
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Russia moved to bolster its role in the strategic energy sector as gas giant Gazprom said it would acquire state oil firm Rosneft, handing the government control of the world's largest gas producer.
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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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Gas monopoly Gazprom has been given the green light by Russian authorities to bid for Yuganskneftegas, the main arm of stricken oil firm Yukos.
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HOUSTON, Dec. 30 -- The merger of OAO Gazprom and OAO Rosneft is expected to be finalized early in 2005, and the assets of OAO Yukos unit Yuganskneftegas will not be involved in the initial consolidation as was earlier reported, a Russian official said.
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Russia's President Putin says the purchase of Yukos' main asset by state-owned oil firm Rosneft was in line with free market principles.
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MOSCOW  - Russia&#39;s anti-monopoly agency approved state oil company Rosneft&#39;s acquisition of the firm which won an auction for the embattled Yukos oil giant&#39;s core asset.
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A little known Russian organization, Baikalfinansgroup, bought the core production unit of the troubled Yukos oil company at auction for &#36;9.3 billion Sunday, gaining control of one of Russia's most prized oil assets.