China Loans Russia &#36;6 Bln for Yukos Deal
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China lent Russia &#36;6 billion to help the Kremlin renationalize the key unit of oil major YUKOS, officials said on Tuesday, underpinning oil-hungry Beijing's efforts to tap into Russia's huge energy business.
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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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Russian President Vladimir Putin said Tuesday that a Chinese state oil company could participate in developing oilfields of the Yukos oil group&#39;s main asset sold at auction at the weekend.
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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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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.
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China lent Russia $6bn to help renationalise the key Yugansk unit of oil group Yukos, the Kremlin reveals.
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A little known group bought the main production unit of Russia's largest oil producer, Yukos, at auction for &#36;9.3 billion on Sunday, gaining control of one of Russia's most prized assets at a fraction of what Yukos executives say it is worth.
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A little known company has bought the main production asset of embattled Russian oil company Yukos, paying 260.75 billion rubles, or $9.35 billion, at auction.
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Russian President Vladimir Putin has hinted at Chinese involvement in the exploitation of the confiscated assets of the Yukos chief oil producing unit, marking a shift in Moscow&#39;s traditional closed-door policy to its Asian neighbor.
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OAO Gazprom, the world&#39;s biggest natural-gas company, will borrow $10 billion from six banks led by Deutsche Bank AG to help finance a bid for OAO Yukos Oil Co.
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The Russian government today set an auction date of Dec. 19 for the country's No. 1 oil producer, with a starting price at about $8.6 billion.
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[World News]: Moscow, Dec 30 : China&#39;s CNPC oil and gas corporation would be offered up to 20 per cent stake in Yuganskneftegaz, earlier acquired by Russia&#39;s state-owned Rosneft oil major ahead of its merger with Gazprom gas monopoly.
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MONTREAL (CP) - Bombardier Transportation has been selected by the Chinese government to negotiate a rail equipment contract worth a reported &#36;4.5 billion Cdn.
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China has agreed to step in and pay Russian rail fees to ensure that it continues to receive Yukos oil if the company is unable to cover the transport costs, officials at Russia's rail transport monopoly said Wednesday.
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Russia is toying with China and Japan, both of which are courting its oil, in a pipeline drama that could see the downtrodden giant Yukos and its assets play the clinching role.
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Russia&#39;s state-controlled gas giant Gazprom approved a plan to bid for Yukos&#39; core production unit Wednesday amid reports that the company was negotiating to secure a euro10 billion (US$13 billion) loan from a group of Western banks to support its offer.
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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.