Russia to Allow State-Owned Firms to Bid on Yukos Assets
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President Vladimir Putin said Friday, the government has no plans to seize the embattled oil giant, but if its assets are sold, anyone, including government organizations, will be able to bid.
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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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President Vladimir Putin said on Friday Russian state firms should be allowed to buy assets of oil major YUKOS (YUKO.RTS: Quote, Profile, Research) if they are put up for sale to cover the firm&#39;s huge back tax bill.
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The Russian government will sell a majority stake in the main production unit of the embattled Yukos oil company at an auction scheduled for Dec. 19, the Interfax news agency reported Friday.
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Foreign investors may be allowed to bid for the key oil producing subsidiary of embattled Russian oil firm Yukos. Moscow authorities are forcing the sale of Yuganskneftegas, which accounts for 60% of the firm&#39;s
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Russian natural gas monopoly Gazprom ended weeks of speculation by announcing it will bid for struggling oil company Yukos&#39;s main production unit when it goes on the auction block this month.
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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 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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Russia's gas monopoly Gazprom will bid for the crown jewel of the embattled oil giant Yukos during an upcoming December auction, a top company official said, confirming long-held market rumors.
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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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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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On Saturday, Dec. 25, Russiaâs Federal Anti-Monopoly Service approved the acquisition of Yuganskneftegaz, the core production asset of the embattled Yukos Oil Company , by the state-owned Rosneft Oil Company.
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Russia prepares for the forced auction of a prize oil asset - the main production unit of beleaguered oil giant Yukos.
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MOSCOW: Russia forged ahead yesterday with the weekend auction of the core asset of crippled oil giant Yukos despite a US court order barring the sale, as the state-controlled gas monolith Gazprom entered the bidding.
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In an attempt to create a state energy leviathan, Russia&#39;s natural gas monopoly Gazprom said Tuesday that it would bid for the prize oil assets of the crumbling oil giant Yukos, the country&#39;s No.
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Assets of Yukos, once Russia's biggest oil producer, will be sold at an auction March 27 as the company's liquidation begins, the government announced Thursday.
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MOSCOW - China&#39;s state oil company could be offered a 20 per cent stake in the recently auctioned main production unit of former Russian oil giant Yukos.