Yukos close to bankruptcy: company CEO
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Russian oil giant Yukos is very close to insolvency, Yukos&#39; CEO Steven Theede was quoted by the Interfax news agency as saying on Wednesday.
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In raising its reserve estimates, Yukos reiterated that it was operating on a "day to day basis and was still close to filing for bankruptcy."
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Embattled Russian oil giant Yukos has launched bankruptcy proceedings in a Houston, Texas court, the company has said. Claire Davidson, a spokeswoman for the company in London, did
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Russia&#39;s top oil exporter, YUKOS, slid closer to collapse after it lost its main production unit to a mystery buyer in a forced auction and acknowledged on Monday that its crude shipments were slowing.
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Embattled Russian oil group YUKOS (YUKO.RTS: Quote, Profile, Research) should hear later on Thursday whether a US bankruptcy court will attempt to hold up the
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Russia&#39;s embattled oil giant Yukos raised the white flag and said it would seek &quot;liquidation or bankruptcy&quot; after the forced government sale of its key oilfield next month, the company said yesterday.
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Russia&#39;s Yukos oil company has filed for bankruptcy in a Houston court to halt a Kremlin-driven liquidation of the nation&#39;s biggest crude oil producer.
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MOSCOW Yukos has moved closer to collapse after six of the Russian oil company&#39;s top executives, including the American chief executive and the chief financial officer, fled the country, citing fear of persecution from the Kremlin.
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The CEO of the shattered Russian oil giant Yukos said Tuesday that the company is pushing ahead with a strategy for its remaining divisions but will be cutting jobs following the government's seizure and auction of its main production subsidiary.
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YUKOS oil company announced December 15 it has filed for bankruptcy protection today. Please see the company&#39;s statement below.
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Washington - US bankruptcy law, invoked by Russian oil group Yukos on Wednesday, allows a company in financial difficulties to continue functioning while it seeks an agreement with creditors.
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Yukos, the embattled Russian oil company, has filed for bankruptcy protection in an American court in an attempt to halt the sale of its Yuganskneftegas oil unit.
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The Board of Directors of YUKOS Oil Company will call an emergency shareholders meeting to consider whether the company should file for bankruptcy or be liquidated, YUKOS Chief Executive Officer Stephen Theede told reporters on Wednesday.
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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, will ask shareholders to consider declaring bankruptcy to protect assets from government demands for $14 billion in back taxes, more than the company&#39;s market value.
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YUKOS shareholders gave warning yesterday that the oil giantâs attempt to seek bankruptcy protection in the US was unlikely to prevent the Russian Government-ordered
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The Russian oil giant Yukos sought Chapter 11 bankruptcy protection in the United States on Wednesday, requesting an emergency court hearing in Texas to stop the Russian
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The Russian government aims to bankrupt oil giant Yukos and seize its main assets for the state, its chairman Viktor Gerashchenko said in a newspaper interview published.