Oil giant in Russia is closer to collapse
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MOSCOW Yukos has moved closer to collapse after six of the Russian oil company&#39;s top executives, including the American chief executive and the chief financial officer, fled the country, citing fear of persecution from the Kremlin.
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The top management of oil major YUKOS has left Russia fearing arrest under a Kremlin drive to &quot;decapitate&quot; the country&#39;s largest oil exporting company, a YUKOS source said on Thursday.
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Russia's top oil exporter, YUKOS, slid  closer to collapse after a mystery buyer bought its main  production unit in a forced auction and its crude oil shipments  started to slow.
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Russia&#39;s top oil exporter, YUKOS, slid closer to collapse after it lost its main production unit to a mystery buyer in a forced auction and acknowledged on Monday that its crude shipments were slowing.
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Russia is pressing ahead with the last step in the destruction of YUKOS, saying it will auction the oil major&#39;s main Siberian unit on December 19 for $8.65 billion (4.66
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Workers in Moscow, self-exiled executives in London and Houston and industry watchers the world over are waiting for the death knell for Russia&#39;s second largest oil company.
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Russian oil company Yukos, with shares near all-time lows and its bosses in exile, warned last night it is being driven toward bankruptcy.
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Russia faces major challenges to structure the $9.4 billion purchase by state firm Rosneft of stricken oil major YUKOS&#39;s key unit after Western lenders got cold feet, analysts said on Wednesday.
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By Carl Mortished, International Business Editor, and Suzy Jagger. GAZPROM, the worldâs biggest gas group which is part-owned by the Russian State, last night transformed itself into a global oil giant when
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YUKOS and its investors were left  guessing as to Russia's next move Monday after its main oil  production unit was sold off to Baikal Finance Group, a mystery  firm registered in a provincial city.
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Russia's justice ministry announced plans to break up the Yukos oil giant in a fatal blow to Russia's largest oil producer and former Western investor darling that once dared challenge President Vladimir Putin's rule.
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The Russian oil giant's shareholders consider liquidation or filing for bankruptcy, instead of a rescue plan.
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Business & money: Â· EC concern at company's grip on supply linesÂ· Russian state monopoly may be forced to divest
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BP Plc&#39;s Russian venture is likely to  lose its license for the giant Kovykta gas field on Friday,  although Moscow could postpone the tough action until after the  G8 Summit and its landmark economic forum.
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MOSCOW, NOVEMBER 19: Russia pressed ahead on Friday with the last step in the destruction of embattled oil major Yukos, saying it will auction its main Siberian unit on December 19 at a starting price of $8.65 billion.
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When a 7.6 percent stake in Lukoil - the world&#39;s No. 2 oil company by reserves - goes under the auction hammer Wednesday in Russia&#39;s biggest privatization, industry watchers aren&#39;t expecting any surprises.
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Russia&#39;s state-owned Gazprom may complete takeovers next month that will give it almost one-fifth of the nation&#39;s oil output, worth more than $20 billion this year.