Key Yukos Oil Unit to Be Sold
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The Justice Ministry said Tuesday that it planned to sell the core petroleum subsidiary of Yukos, the embattled Russian oil giant, at what appears to be a steep discount to settle billions of dollars in tax debts.
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Russia looks ready to sell the key  production unit of beleaguered oil group YUKOS on Sunday and  put it back in state hands after almost a decade under private  management.
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On Sunday, Russia plans to auction the jewel of what used to be its most profitable, high-profile and well-run private company - the oil giant Yukos.
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Russia's justice ministry announced plans to sell a part of the Yukos oil giant to cover the company's outstanding back taxes, officials said.
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Russian state oil firm Rosneft moved on Friday to take control of stricken oil major YUKOS&#39;s key unit, Yuganskneftegaz, bought at a controversial auction which YUKOS is challenging in the US courts.
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The Russian government yesterday night appeared to be preparing to sell the main asset of Yukos, the countryâs embattled oil company, for as little as $4 billion - a fraction of its fair value â-n a move analysts branded as âdaylight robbery
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YUKOS and its investors were left  guessing as to Russia's next move Monday after its main oil  production unit was sold off to Baikal Finance Group, a mystery  firm registered in a provincial city.
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Russia said on Friday it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order seeking to block Sunday&#39;s auction for 10 days.
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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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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 that seeks to halt  Sunday's auction for at least 10 days.
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MOSCOW: Russian oil major YUKOS is poised to lose its core Siberian units, but the state will postpone its final move to dismantle the giant firm beyond next weekâs tax deadline, analysts predicted on Friday.
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Russian gas monopoly Gazprom is to sell key oil subsidiary Gazpromneft in a move that may redraw the domestic petroleum industry.
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The Russian Justice Ministry has completed an assessment of the Yukos oil company and will sell off some of the company's assets, the ministry said in a statement Tuesday carried by the Interfax news agency.
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Russia completed the dismantling of Yukos Oil today, selling off the country's largest oil subsidiary to a company that was essentially unheard of until three days ago.
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MOSCOW, December 19 - Russia completed the dismantling of Yukos Oil today, selling off the country&#39;s largest oil subsidiary to a company that was essentially unheard of until three days ago.
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NEW YORK, December 22  - Russiaâs gas giant, Gazprom (GAZ.FSE), said yesterday that it had sold the holding structure that took part in the sale of Yukoâs main production unit two days before the auction, in a move aimed at avoiding
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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.