YUKOS Awaits Russia&#39;s Next Move After Mystery Sale
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YUKOS and its investors were left guessing as to Russia&#39;s next move Monday after its main oil production unit was sold off to Baikal Finance Group, a mystery firm registered in a provincial city.
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Last week Russian state oil firm Rosneft bought out the mysterious buyer of Yukosâ oil subsidiary Yugansk putting to rest for now, wide-scale speculation over the buyerâs identity.
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Russia&#39;s embattled oil giant Yukos raised the white flag and said it would seek &quot;liquidation or bankruptcy&quot; after the forced government sale of its key oilfield next month, the company said yesterday.
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MOSCOW - Yukos shares plumbed new depths on Friday after the state aired plans to sell the crown jewel in Russia&#39;s top oil producer for a fraction of its assumed cost in a move worried Western investors treated as disguised nationalisation.
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Russia's top oil exporter, YUKOS, slid  closer to collapse after a mystery buyer bought its main  production unit in a forced auction and its crude oil shipments  started to slow.
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Russia'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 its crude shipments  started to slow.
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Russia&#39;s Federal Property Fund said Friday it will go ahead with an auction of the embattled Yukos oil giant&#39;s major unit Yuganskneftegaz despite a US court decision to halt the sale, the Itar-Tass news agency reported.
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News had just broken that the country&#39;s top oil producer, Yukos, had fallen to an the obscure company. His man on the spot seemed just as mystified.
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Russia looks ready to sell the key  production unit of beleaguered oil group YUKOS on Sunday and  put it back in state hands after almost a decade under private  management.
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Embattled Russian oil major YUKOS   should hear later Thursday whether a U.S. bankruptcy court will  back its last-ditch attempt to halt the sale due Sunday of its  main production unit.
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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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Russia is set to go ahead with a sale of the main production asset of Yukos, the countryâs embattled oil company, despite an injunction issued late yesterday by a US court.
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Yukos&#39; future has been thrown into fresh doubt amid reports that Russia is planning to sell 77% of its key oil production unit by the end of November.
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Russia&#39;s state owned oil firm Rosneft has bought the mystery winner of Yukos&#39; prize production unit in a move that nationalises 11% of the country&#39;s oil output even as a legal battle rages in America over the sale.
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Russia is pressing ahead with the last step in the destruction of YUKOS, saying it will auction the oil major&#39;s main Siberian unit on December 19 for $8.65 billion (4.66
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Top Russian oil exporter YUKOS  threatened to escalate its legal battle abroad Tuesday as the  mystery surrounding the buyer of its core asset began to lift  with newspapers linking it to Russia's No. 4 oil firm,  Surgutneftegaz.
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Russia'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 its crude shipments  started to slow.