Rosneft may top Gazprom as Russiaâs major oil company
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Rosneft, the state-owned Russian company that bought Yuganskneftegaz mystery buyer, Baikal Finance, may ouster Gazprom from its position as Russiaâs top energy company.
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By Carl Mortished, International Business Editor, and Suzy Jagger. GAZPROM, the worldâs biggest gas group which is part-owned by the Russian State, last night transformed itself into a global oil giant when
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Russian state oil firm Rosneft installed  new management at stricken oil major YUKOS's key production  unit, said an official from YUKOS, which is challenging the  government auction of the asset in U.S. courts.
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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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Lukoil, the biggest oil company in Russia, said Monday that it would invest as much as $3 billion in refining and petrochemicals production this year after the Russian president, Vladimir Putin, urged business leaders to develop manufacturing.
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Russia&#39;s state-owned Gazprom may complete takeovers next month that will give it almost one-fifth of the nation&#39;s oil output, worth more than $20 billion this year.
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TNK-BP, which represents the biggest foreign investment in Russia, is fast emerging as the country&#39;s largest oil producer. Its rise to prominence comes amid increasing state involvement
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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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The nascent petroleum division of natural gas giant Gazprom will bid for the crown jewels of the battered Yukos oil empire, its chief said yesterday -- a move that could put the heart of the company jailed billionaire Mikhail Khodorkovsky created in Kremlin-friendly hands.
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Rosneft, the Russian state oil company that has bought a major slice of Yukos, has been put on credit watch by Standard &amp; Poor&#39;s in a reflection of the riskiness of the deal.
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MOSCOW, September 15 (Itar-Tass) -- Gazpromâs shares opened nine percent higher on Wednesday to reach 74 rubles apiece, as heavy buying continued on news of the forthcoming takeover of the oil company Rosneft and the early liberalization of the gas giant
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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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China's biggest oil and gas producer could be offered a 20 percent stake in a Russian state company that will control Yukos' former key subsidiary, a Russian minister said Thursday, in an apparent attempt by authorities to avoid legal fallout from the disputed auction of the Yukos unit.
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With a Putin aide now at its helm, Russia's state-run oil firm seems set to grab the falling giant's assets
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Russian state oil firm Rosneft moved on Friday to take control of stricken oil major YUKOS&#39;s key unit, Yuganskneftegaz, bought at a controversial auction which YUKOS is challenging in the US courts.
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State-owned Rosneft, which sparked wide speculation over how it will pay for its &#36;9.3 billion acquisition of the Yukos oil company's biggest production unit, is set to borrow over &#36;4.5 billion from unknown sources, a newspaper said Friday.
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Russia is toying with China and Japan, both of which are courting its oil, in a pipeline drama that could see the downtrodden giant Yukos and its assets play the clinching role.