Yukos plans to fix itself before auction
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The Russian oil giant Yukos said yesterday that management was putting together an emergency plan to continue running the company for a few months, even after the auction of its prize asset in December.
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Description: Russian oil company Yukos files for bankruptcy protection in a US court in an attempt to prevent the Russian government from auctioning off the company&#39;s main asset.
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Russia was set to rip the heart out of  its biggest oil producer, YUKOS, on Sunday, with the auctioning  off of its core unit to meet tax bills in a move which will  boost the Kremlin's control of the nation's oil.
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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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MOSCOW Oct. 8, 2004 - The main production unit of Russian oil giant Yukos will be given three months to correct violations on most of its drilling licenses before authorities consider whether to revoke them, the Interfax news agency reported Friday.
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Russia appears ready to sell the main asset of Yukos, the country&#39;s embattled oil company, for $4 billion, a fraction of its worth, reports say.
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Russia said on Friday it would go ahead with an auction to sell the key asset of embattled oil company YUKOS  despite a U.S. bankruptcy court decision to block it for several days.
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order which seeks to  halt Sunday's auction for at least 10 days.
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The Russian government plans to sell a majority stake in the main production unit of the embattled Yukos oil company at an auction scheduled for December 19, the Interfax news agency reported Friday.
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Description: Russian officials make it clear they plan to proceed with an auction of oil company Yukos&#39; main production unit, despite a restraining order from a US court.
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Yukos, the Russian oil group, might file for bankruptcy in the next few days unless the Russian authorities reduce the pressure they have been applying, its chief financial officer Bruce Misamore said in an interview with the Financial Times.
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The Russian government plans to sell a majority stake in the main production unit of oil giant OAO Yukos at an auction on December 19.
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The Russian oil giant Yukos said today that its management was putting together an emergency plan to continue running the company for a few months, even after the auction of its prize asset in December.
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order that seeks to halt  Sunday's auction for at least 10 days.
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Russia's justice ministry announced plans to sell a part of the Yukos oil giant to cover the company's outstanding back taxes, officials said.
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The Russian government aims to bankrupt oil giant Yukos and seize its main assets for the state, its chairman Viktor Gerashchenko said in a newspaper interview published.
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MOSCOW, NOVEMBER 19: Russia pressed ahead on Friday with the last step in the destruction of embattled oil major Yukos, saying it will auction its main Siberian unit on December 19 at a starting price of $8.65 billion.