Russia&#39;s state-owned Rosneft becomes owner of key Yukos unit
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BEIJING, Dec. 23 -- Russian state-owned oil company Rosneft has reportedly bought the little-known company Baikal Finance Group which bought Yukos&#39; most important production unit Yuganskneftegaz.
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Rosneft, the state-owned Russian oil company, has reportedly moved to take control of Yuganskneftegaz, formerly Yukos&#39;s most important oil production plant.
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NEW YORK, December 23  - The Russian government appears all set to control 15% of the countryâs oil production, with the state-owned Rosneft purchasing Baikalfinansgroup, the unknown entity which won the weekend auction of Yukos
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An oil company controlled by the Russian government said that it had bought the company that had won Sunday's auction for the largest subsidiary of Yukos.
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In a dramatic shift, Russia said Thursday it won&#39;t give the main asset of embattled oil giant OAO Yukos to gas company OAO Gazprom, instead using it to create a new government-owned oil company in which it will offer a minority stake to China&#39;s state
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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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Speculation that the Russian government is using intermediaries to take over energy giant Yukos Corp. grew Wednesday when its largest subsidiary wound up in the hands of a state-owned natural gas company.
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A mysterious investment group formed just last month bought a majority stake in the core production unit of the Russian oil giant Yukos Oil Co. for $9.3 billion Sunday at a Moscow auction.
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President Vladimir Putin backed a government proposal Tuesday to make the state oil company Rosneft a subsidiary of Gazprom &#151; a major step toward giving foreign investors access to the natural gas giant's coveted local shares.
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Russian state oil firm Rosneft has bought YUKOS&#39;s core unit, effectively nationalizing 11 percent of the country&#39;s crude output and dealing a heavy blow
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Russian President Vladimir Putin has defended the acquisition of Yuganskneftegaz, core asset of embattled oil major Yukos by the state-run Rosneft, saying that the state was protecting its interests in moving to get control of one of the biggest
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MOSCOW : Russia moved to bolster its role in the strategic energy sector as gas giant Gazprom said it would acquire state oil firm Rosneft, handing the government control of the world&#39;s largest gas producer.
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A little-known group bought the main production unit of Russia's largest oil producer for $9.3 billion on Sunday, gaining control of one of Russia's most prized assets for half of what foreign auditors say it is worth.
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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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A Russian state oil firm has bought YUKOS's core unit, effectively nationalizing 11 percent of the country's crude output and throwing confusion over YUKOS's attempts to halt its own dismemberment.
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MOSCOW Russia completed the dismantling of Yukos, its largest oil producer, on Sunday, selling its main subsidiary to a company that was essentially unheard of until three days ago.
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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.