Obscure Russian Company Buys Yukos Unit
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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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ConocoPhillips buys stake in Russia's Lukoil.
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An oil company controlled by the Russian government said that it had bought the company that had won Sunday's auction for the largest subsidiary of Yukos.
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Russia's anti-trust body said on Saturday it had approved the state oil firm Rosneft's purchase on Thursday of the obscure buyer of the key production unit of beleaguered YUKOS oil company.
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U.S. oil major Chevron  is interested in buying assets of Russia's bankrupt oil firm YUKOS , the spokesman for YUKOS's receiver said on Friday.
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YUKOS and its investors were left  guessing as to Russia'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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YUKOS and its investors were left guessing as to Russia'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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Russia left YUKOS and its investors guessing as to its next move on Monday after selling its main oil production unit to Baikal Finance Group, a mystery
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Analysts sought Monday to identify the mysterious group that bought a $9.3 billion majority stake in the Yuganskneftegaz oil fields in Siberia, the prime asset of the moribund Russian oil giant Yukos.
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Gas monopoly Gazprom has been given the green light by Russian authorities to bid for Yuganskneftegas, the main arm of stricken oil firm Yukos.
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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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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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The buyer of the main asset of embattled Russian oil firm Yukos is reportedly sold to state-owned Rosneft.
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BEIJING, Dec. 23 -- Russian state-owned oil company Rosneft has reportedly bought the little-known company Baikal Finance Group which bought Yukos&#39; most important production unit Yuganskneftegaz.
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A consortium of international banks has withdrawn their support for a bid by the state gas monopoly Gazprom to buy one of Yukos's prized assets.
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Russian state oil firm Rosneft has bought YUKOS's core unit, effectively nationalizing 11 percent of the country's crude output and dealing a heavy blow to YUKOS's attempts to halt its own dismemberment.
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A planned sale of Russian energy giant Yukos&#39; main asset has become clouded by confusion over the price, the participants and the legality of the sale.