Update 1: Yukos Unit Evaluated for Sale to Pay Bill
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Assets of Russia&#39;s beleaguered Yukos oil company should fetch at least $15 billion, a senior official said Monday, as the company&#39;s main production unit is evaluated for sale to offset a crushing back-tax bill.
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MOSCOW  - The Russian Justice Ministry announced Tuesday that the Yukos oil company's main production subsidiary, Yuganskneftegaz, had been evaluated at &#36;10.4 billion US and the ministry will sell off part of its assets, the Interfax news agency reported.
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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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A little known company has bought the main production asset of embattled Russian oil company Yukos, paying 260.75 billion rubles, or $9.35 billion, at auction.
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MOSCOW - Russia said on Friday it would go ahead with an auction to sell the key asset of embattled oil company Yukos despite a US bankruptcy court decision to block it for several days.
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MOSCOW Russia&#39;s Justice Ministry will sell off some of the assets of a subsidiary of the oil giant Yukos. That&#39;s according to a statement carried by the Interfax news agency.
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Beleaguered Russian oil giant Yukos on Monday faces a court-imposed deadline to pay a multi-billion dollar tax bill.
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RUSSIAN OIL FIGHT: The main production subsidiary of oil giant Yukos, Yuganskneftegaz, is scheduled to be auctioned off by the Russian government on Sunday to pay off &#36;28 billion in back taxes it says Yukos owes.
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Russia was set to rip the heart out of  its biggest oil producer, YUKOS, on Sunday, with the auctioning  off of its core unit to meet tax bills in a move which will  boost the Kremlin's control of the nation's oil.
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The Russian government plans to push through a partial sale of oil giant Yukos in order to cover the firm's tax bill, it is reported.
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RBC, 13.10.2004, Moscow 14:13:45.A new company may be created so that it will take part in the auction for selling YUKOS&#39; major oil producing subsidiary Yuganskneftegaz.
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MOSCOW The Russian government said Tuesday that it would sell part of Yukos&#39;s most valuable subsidiary by the end of November as the company tries to pay off the billions of dollars it owes in taxes.
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Russia may auction 76.8 percent of the capital of Yukos&#39; major subsidiary of Yuganskneftegaz by the end of this month to cover the oil giant&#39;s multi-billion-dollar back taxes bill, Interfax news agency reported Thursday.
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The key production unit of beleaguered Russian oil giant Yukos was handed a back taxes bill for nearly $1 billion, the Interfax news agency reported Wednesday, apparently increasing the likelihood that the unit would be sold at auction.
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Dresdner Kleinwort Wasserstein (DrKW) said it had recommended that a core asset of the oil giant Yukos be sold at between 14.7 and 17.3 billion dollars, higher than a state valuation released this week.
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MOSCOW  - The heart of the Yukos oil empire will be auctioned by the government next month for what could be a bargain price to pay back a mounting multibillion-dollar tax bill, a dramatic finale to a relentless 18-month official probe that could destroy Russia's largest oil producer. A top Yukos manager slammed the plans as "government-organized theft."
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A little known company has bought the main production unit of embattled Russian oil company Yukos, for around USD9.35bn. Little is known about the auction winner Baikalfinansgroup - named after a Siberian