Yukos warns it oil output is lagging
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Beleaguered Russian energy giant Yukos has warned that it will not produce as much oil as expected this year. It blames bailiffs who are draining its bank accounts to pay its potentially ruinous tax bill.
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The Russian Justice Ministry has completed an assessment of the Yukos oil company and will sell off some of the company's assets, the ministry said in a statement Tuesday carried by the Interfax news agency.
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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, will lower crude-oil deliveries to China National Petroleum Corp. this month and supply no oil in October because the Russian company
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Russia's natural resources minister said Friday that he thought his ministry would give the main production unit of the battered Yukos oil company a three-month warning before pulling its drilling licenses, the Interfax news agency reported.
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Beleaguered Russian oil company Yukos said yesterday that it had reduced its crude output forecast for the year as bailiffs continued to collect cash against
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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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Russia's top oil exporter YUKOS cut its  crude output forecast for 2004 on Monday due to a tax dispute  with the state, in a move analysts said was a sign that  Russia's prolific oil growth was set to slow down.
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The Russian oil giant Yukos said Monday that its crude oil production would be 4.5 percent less than expected for 2004, the first time the company&#39;s conflict with the
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MOSCOW  - A politically charged attack on the Yukos oil company and the government's apparent indecision over the country's economic course have hampered investment in Russia, the World Bank said Monday in a report that stopped short of blaming the government for a summer slowdown in the economy.
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World oil prices rose sharply again on  Thursday after Russian oil giant YUKOS said a Moscow court's  decision to effectively freeze its bank accounts threatened its  ability to continue production.
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The International Monetary Fund expressed concern Tuesday about the impact of the troubles besetting oil major Yukos on Russia&#39;s standing as a place to invest.
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Russia&#39;s natural resources minister said Friday that he thought his ministry would give the main production unit of the battered Yukos oil company a three-month warning before pulling its drilling licenses, the Interfax news agency reported.
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Talk intensifies that oil company will sell its key Siberian unit for low price to pay back taxes. MOSCOW  - Shares of Russian oil company Yukos fell Monday as fears intensified that the firm&#39;s key
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YUKOS has reported a net loss of US$2.65 billion (£1.45bn) for the first half of 2004, a period of record oil prices, prompting speculation that the Russian oil firm is on the verge of declaring bankruptcy.
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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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Beleaguered Russian oil company Yukos announced Monday that it had reduced its crude output forecast for the year as bailiffs continued to collect cash against the company&#39;s crushing back taxes bill from its frozen bank accounts.
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Russian oil major YUKOS again warned on Thursday that it may be forced to cut output after saying that a Moscow court ruled this week that &#36;2.6 billion of company funds could be seized by the authorities.