Yukos partly suspends oil deliveries to China
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Russia's embattled Yukos oil giant said it had partly suspended its deliveries to China because its legal troubles have left it without cash to pay transport and customs costs.
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China emerged on Thursday as a dark horse contender for the assets of stricken Russian oil major YUKOS as the company&#39;s state-driven break-up took yet another abrupt twist.
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Russia's top oil exporter YUKOS cut its  crude output forecast for 2004 on Monday due to a tax dispute  with the state, in a move analysts said was a sign that  Russia's prolific oil growth was set to slow down.
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The board of Russia&#39;s embattled oil giant Yukos will halt crude supplies to Baltic refinery Mazeikiu Nafta until the end of the year, the Interfax agency reported Monday - just hours after Yukos confirmed a similar move involving a Chinese company.
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Oil prices broke above $46 on Monday  after Russian oil giant YUKOS said it would cut some oil  shipments to China, the first toll on exports from the  company's financial turmoil.
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Russia promised to sort out Yukos oil deliveries to China ahead of a visit by Chinese Premier Wen Jiabao dominated by the struggling oil major's decision to cut supplies to the energy-hungry Asian giant.
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Russia&#39;s Natural Resources Ministry has postponed consideration of whether to suspend the licenses of the main subsidiary of the troubled giant oil firm Yukos.
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China emerged on Thursday as a dark horse contender for the assets of stricken Russian oil major Yukos as the company's state-driven break-up took yet another abrupt twist.
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Oil prices rose Monday morning, climbing toward $46 per barrel, after reports that embattled Russian oil giant Yukos suspended some oil exports to China and as traders expect further declines in the US petroleum supply due to production, refining and
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Embattled Russian oil company warns that it may scale back oil output after more funds seized. MOSCOW  - Russian oil major Yukos again warned on Thursday that it may be forced to cut output after
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MOSCOW  - China's biggest oil and gas producer could be offered a 20 per cent 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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An international banking consortium has decided to suspend approval for the â¬10 billion (Â£6.9bn) loan to Gazprom that would have financed the state-controlled company&#39;s acquisition of Yukos&#39;s most important oil production plant.
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Russian oil major YUKOS on Monday cut  its oil output forecast for this year by 4.5 percent and said  it would slash capital expenditure by more than a third due to  its tax dispute with the state.
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Russia's Yukos oil company is suspending oil exports to the Chinese National Petroleum Corp. because it cannot afford to pay transport expenses, a news agency reported Sunday.
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MOSCOW : The battered Russian oil giant Yukos said a Moscow court had frozen its 34.5 percent stake in rival Sibneft, halting a reversal of their merger that would provide cash for Yukos to settle massive tax bills.
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Chinese officials urged Russiaâs biggest oil exporter Yukos Oil Company to stand by its earlier commitments to export crude oil to China.
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Oil's rally wavered on Thursday, but  worries over the security of Nigerian supply supported prices  despite an easier U.S. crude inventory picture and news that  Russia's YUKOS would resume full supply to China.