Yukos shares plunge more than 30 percent
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MOSCOW  - Shares in the Russian oil group Yukos plunged by more than 30 percent in midday trading on the Moscow stock exchange to below a dollar per share.
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Almost a year has passed since the then-Yukos CEO Mikhail Khodorkovsky was jailed. Meanwhile, the oil giant he founded is about to lose its core asset, Yuganskneftegaz, that produces 60 per cent of all its oil.
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A planned sale of Russian energy giant Yukos&#39; main asset has become clouded by confusion over the price, the participants and the legality of the sale.
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Yukos shares have plummeted nearly 10 percent in early trade Friday on Moscow&#39;s ruble-denominated MICEX exchange. That came after an unconfirmed report that the embattled oil giant&#39;s
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US officials have expressed concern about the fate of Yukos, the Russian oil company. Yukos shares have dropped sharply in value since the Russian government demanded it pay nearly three and a half billion dollars in back taxes. Russian authorities accuse ...
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A Moscow court has barred the embattled Russian oil giant Yukos from holding an emergency shareholders meeting next week, a Russian oil company official said Thursday.
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MOSCOW  - Trading in Yukos shares leaped more than 10 per cent on local exchanges Monday as Russia's top energy conglomerates said they would not bid for its main production subsidiary, which is due to be auctioned as collateral for the company's crushing back-taxes bill.
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The main shareholder of Russia&#39;s giant oil firm Yukos is reported to have filed suit for compensation from the upcoming forced sale of the company&#39;s top production unit.
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Oil major YUKOS will hold a shareholders meeting on Dec. 20 to consider whether to file for bankruptcy or liquidate the firm after it was hit with huge
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Yukos warned yesterday that it is no longer able to pay staff wages and that oil production could stop any day. The latest problems to beset Russia&#39;s biggest oil company sent the price of crude racing ahead again on the global markets.
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Yukos shares plunged 18% on the Russian exchange yesterday after reports that the oil firm has been hit with another back-tax bill, bringing its total debt to $17bn (Â£9.
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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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The government has eviscerated Russia&#39;s Western-style oil company, Yukos, in what has been widely viewed as political payback.
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Shareholders in Yukos are considering liquidation or filing for bankruptcy, after deciding against a rescue plan for the embattled Russian oil firm.
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Russia&#39;s troubled Yukos oil company says it is being forced to slash production and expenditures because the government has frozen its assets.
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Russia's top oil exporter, YUKOS, slid  closer to collapse after a mystery buyer bought its main  production unit in a forced auction and its crude oil shipments  started to slow.
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Russian oil giant Yukos teetered nearer to collapse as the company said its shareholders would vote on whether the company should file for bankruptcy or liquidation next month.