Yukos Cuts China National Petroleum&#39;s Oil Supplies
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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 troubled Russian oil company Yukos has suspended its oil deliveries to China&#39;s National Petroleum Company, saying it cannot afford the shipping costs.
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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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Chinese officials urged Russiaâs biggest oil exporter Yukos Oil Company to stand by its earlier commitments to export crude oil to China.
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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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China emerged on Thursday as a dark horse contender for the assets of stricken Russian oil major YUKOS as the company&#39;s state-driven break-up took yet another abrupt twist.
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Russia&#39;s embattled Yukos oil giant said it had partly suspended its deliveries to China because its legal troubles have left it without cash to pay transport and customs costs.
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The Russian oil giant Yukos said on Sunday that it would immediately reduce some of its rail exports of crude oil to China. It appears to be the first time that Yukos&#39;s
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Oil giant Yukos says it is halting two-thirds of its 150,000 barrel a day exports to China because of its financial troubles.
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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 promised to sort out Yukos oil deliveries to China ahead of a visit by Chinese Premier Wen Jiabao dominated by the struggling oil major's decision to cut supplies to the energy-hungry Asian giant.
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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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LONDON, December 31  - China National Petroleum Corporation (CNPC) is to be offered up to 20% stake in Yuganskneftegaz, the main production unit of the beleaguered Russian gas giant, Yukos (YUSA.
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Russia moved ahead Friday with plans to break up the country&#39;s largest oil producer over unpaid back tax bills, announcing it would auction off a majority stake in the main production unit of oil giant OAO Yukos next month.
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China is considering halting efforts to make oil from coal due to concerns about the expense and energy demands, a state news agency on Sunday quoted an official as saying.
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Moscow - Russia&#39;s justice ministry announced plans Tuesday to break up the Yukos oil giant in a fatal blow to Russia&#39;s largest oil producer and its former Western investor darling who once dared challenge President Vladimir Putin&#39;s rule.
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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.