Update 9: Yukos Unit to Be Auctioned Off Next Month
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The heart of the Yukos oil empire will be auctioned by the government next month for what could be a bargain price to pay back a mounting multibillion-dollar tax bill - a dramatic finale to a relentless 18-month official probe that could destroy Russia&#39;s
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Yukos has lost its main asset, Yuganskneftegaz, sold in an auction held by the Russian Fund of Federal Property, for $9.35 billion.
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Russian oil company Yukos, possibly making its last stand to prevent Russia from selling its main production unit in a tax dispute, asked a US bankruptcy judge Thursday to block a scheduled auction of the unit.
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Russia will forge ahead with an auction  on Sunday to sell the key asset of stricken oil company YUKOS  despite an order from a U.S. bankruptcy court blocking the sale  for 10 days, an official said on Friday.
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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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Russian oil major Yukos is expected to face the auction of its main subsidiary by the end of the month at a price far lower than its estimated worth, a move analysts say could ruin the company and destroy the equity of minority shareholders.
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the oil giant&#39;s most important production unit - was sold at an auction last Sunday to an obscure company called BaikalFinansGroup for $9.3 billion
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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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MOSCOW: Russian oil major YUKOS is poised to lose its core Siberian units, but the state will postpone its final move to dismantle the giant firm beyond next weekâs tax deadline, analysts predicted on Friday.
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The protracted legal battle over Russian oil giant Yukos appeared to enter its final phase Friday when the government set a date to auction off a majority stake in the company&#39;s
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Russia will auction control of OAO Yukos Oil Co.&#39;s main unit for as little as $8.6 billion in a government-run fire sale to collect back taxes that threatens to bankrupt the country&#39;s biggest oil exporter.
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The majority owner of embattled Russian oil company Yukos threatened legal action Monday against potential suitors for its main subsidiary, which is to be auctioned off by the government next Sunday.
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Russia&#39;s state-owned Gazprom monopoly has announced it will bid for Yukos&#39;s main oil production unit, which is being auctioned off by the government.
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The newly-created oil unit of Russian gas monopoly OAO Gazprom, Gazpromneft, will take part in the auction of the embattled Yukos oil company&#39;s largest unit, Yuganskneftegaz, Dow Jones NewsWires reported Tuesday, citing the news agency Prime-Tass.
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Russia said it would welcome Indian and other companies bidding for the assets of Russian oil giant Yukos, the country's biggest oil exporter, due to be sold off later this month.
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MOSCOW  - The heart of the Yukos oil empire will be auctioned by the government next month for what could be a bargain price to pay back a mounting multibillion-dollar tax bill, a dramatic finale to a relentless 18-month official probe that could destroy Russia's largest oil producer. A top Yukos manager slammed the plans as "government-organized theft."
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NEW YORK, December 22  - Russiaâs gas giant, Gazprom (GAZ.FSE), said yesterday that it had sold the holding structure that took part in the sale of Yukoâs main production unit two days before the auction, in a move aimed at avoiding