Yukos partly suspends oil exports to China
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LONDON, September 20  - Russian oil giant, OAO Yukos Oil Company (YUSA.FSE), has partly suspended its rail shipments to China, leading to increased supply disruption risks in the global oil market.
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China has helped the Kremlin sidestep a U.S. bankruptcy court by providing an indirect loan to a state-run oil company that acquired the biggest production unit of embattled oil giant Yukos, analysts said Tuesday.
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BEIJING  - China National Petroleum Corp. is in talks with Yukos in an effort to persuade 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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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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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, will cut deliveries to China&#39;s biggest oil company next month after a government freeze on its bank accounts prevented it from paying railway bills.
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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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Oil prices hit $46 on Monday as Russian  oil giant YUKOS cut some sales to China and was reported to  have suspended oil supplies to Lithuania, as the company's  financial turmoil took its first toll on exports.
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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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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, cut its oil production target and capital spending for this year, the first sign its struggles to meet a $3.
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China's state oil firm may get a 20% stake in Yukos' former oil production unit, a Russian minister says.
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NEW YORK -- Oil prices broke above $46 yesterday after Russian oil giant Yukos said it would cut some oil shipments to China, the first toll on exports from the company's financial turmoil.
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Russia&#39;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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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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Oil prices broke above $46 on Monday after Russian oil giant YUKOS said it would cut some oil shipments to China, the first toll on exports from the company&#39;s financial turmoil.
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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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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&#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.