New Yukos warning after $2.6 bn ruling
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Yukos issued a fresh warning yesterday that it could be forced to cut output, after a court ruling allowing authorities to seize up to $2.
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Dresdner Kleinwort Wasserstein (DrKW) said it had recommended that a core asset of the oil giant Yukos be sold at between 14.7 and 17.3 billion dollars, higher than a state valuation released this week.
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Lawyers for the embattled Yukos oil giant requested a new judge Monday as Russia&#39;s Tax Ministry sought to enforce $1.4 billion in fines and penalties on a $4.
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Shares in Yukos, the Russian oil group beset by difficulties, dropped sharply yesterday after reports that the authorities had launched fresh tax claims against it, totalling up to $7 billion.
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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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MOSCOW -- The Moscow Arbitration Court ruled yesterday embattled oil giant Yukos must pay $1.34 billion US in fines and penalties as part of a $4.
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NEW YORK, September 3 (New Ratings) - Oil prices climbed yesterday on the news that Yukos Oil has issued a warning of a production cut.
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Embattled Russian oil group YUKOS should  hear later on Thursday whether a U.S. bankruptcy court will  attempt to hold up the sale of its main production unit this  weekend, but lawyers and analysts expect Moscow will go ahead  anyway.
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The Moscow Arbitration Court ruled Monday that the embattled oil giant Yukos must pay $1.34 billion in fines and penalties as part of a $4.
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The Russian Tax Ministry has sent Yukos a new $6.7 billion for 2002, while the oil giant&#39;s biggest subsidiary -- Yuganskneftegaz -- has been hit with new claims amounting to more than $3 billion for 2001 and 2002.
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Stricken Russian oil firm YUKOS may ask  a U.S. judge on Wednesday to find Gazprom in breach of a court  order for participating in the weekend sale of YUKOS's core  asset, which could expose the state gas giant to asset  seizures.
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Oil prices briefly bolted above $45 a barrel yesterday, then retreated toward $44, in a volatile day of trading after Russian oil giant Yukos said its output could suffer because of a court ruling that froze some of its assets.
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Russian tax authorities have slapped oil giant Yukos and its main production unit with two new tax claims, raising the company&#39;s total bill to more than $17.
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HOUSTON -- A US bankruptcy judge has issued a temporary restraining order to halt the planned auction of Russian oil company Yukos&#39; main oil-producing subsidiary, Yuganskneftegaz, Reuters reports.
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Lawyers for the embattled Yukos oil giant requested a new judge Monday as Russia's Tax Ministry sought to enforce $1.4 billion in fines and penalties on a $4.1 billion back tax bill for 2001 through the courts.
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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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MOSCOW  - The Moscow Arbitration Court ruled Monday that the embattled oil giant Yukos must pay some &#36;1.4 billion US in fines and penalties as part of a &#36;4.1 billion back-tax claim for 2001, the Interfax news agency reported.