Russia sets seal on state takeover of Yuganskneftegaz
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MOSCOW  - Russia&#39;s anti-monopoly agency approved state oil company Rosneft&#39;s acquisition of the firm which won an auction for the embattled Yukos oil giant&#39;s core asset.
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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 seeking to block  Sunday's auction for 10 days.
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Russian President Vladimir Putin Thursday strongly defended the takeover by state oil firm Rosneft of stricken oil major YUKOS's key production unit, Yuganskneftegaz, saying it was a legitimate business deal.
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Russian state-owned oil company Rosneft has bought the mysterious buyer of Yukos&#39; most important production unit, Russian news agencies reported late Wednesday, in a deal that appeared to move the unit one step closer to ownership by state-controlled gas
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The Russian Competition Institution has approved the sale of Baykal Finans Group, which had purchased Yuganskneftgaz, the main oil production of Yukos, to state company Rosneft.
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Russia does not intend to nationalize the Yukos oil company, but state-owned organizations will be able to bid if its assets are put up for auction, President Vladimir Putin said Friday.
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State-controlled Russian oil company Rosneft said Thursday it acquired licenses formerly held by Yukos to develop a number of eastern Siberian oil fields.
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The process of Gazprom, Rosneft merger will see no changes following Yuganskneftegaz acquisition by the latter. The respective decision was taken at the yesterday&#39;s sitting of Gazprom&#39;s BOD, Russia&#39;s Industry
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A Kremlin statement issued earlier today reads that the President signed the Protocol last night. It was approved in Duma, a subwing of the Russian Parliament, and the Federal Council.
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Russia's president endorsed the sale of a majority stake in Siberian oil fields held by Yukos, the besieged Russian oil conglomerate, and said the purchase had followed the law.
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President Vladimir V. Putin on Thursday strongly defended Russia&#39;s takeover of the main subsidiary of the Yukos oil company by a state oil company.
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Free-market principles were followed when a state-owned oil firm bought a key Yukos asset, Russia's president says.
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The Russian government does not intend to nationalize the Yukos oil company, but state-owned organizations will be able to bid if the embattled company&#39;s assets are put up for auction, President Vladimir Putin said Friday.
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LONDON, October 18  - Russia&#39;s privatization agency has set an auction date of November 22, 2004 for the sale of Yuganskneftegaz, the main production unit of the beleaguered oil giant, Yukos Oil (YUSA.
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The previously unknown company that made the winning bid for beleaguered Yukos Oil Co.&#39;s core production facility is likely to make it available to state-controlled Gazprom natural
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Russian state oil firm Rosneft has  bought YUKOS's core unit, effectively nationalising 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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Russian gas monopoly Gazprom gets government approval to make a bid for Yugansk, the main production arm of stricken oil firm Yukos.