China May Be Offered Stake in Yukos Subsidiary
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A senior Russian official said that China's state oil company could be offered 20 percent of a giant subsidiary of the oil company Yukos.
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Competition heated up for the foreign assets of shattered oil company OAO Yukos on Thursday, while its board chairman hinted that a mystery investor could make a last minute offer to buy the company's billion-dollar debts as bankruptcy loomed.
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MOSCOW : The Russian oil giant Yukos oil giant has asked US investment bank JPMorgan Chase to issue a second valuation of its top producer ahead of its expected auction by the state, the Interfax news agency quoted unnamed sources as saying.
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Russian President Vladimir Putin has hinted at Chinese involvement in the exploitation of the confiscated assets of the Yukos chief oil producing unit, marking a shift in Moscow&#39;s traditional closed-door policy to its Asian neighbor.
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The Russian government plans to sell a majority stake in the main production unit of oil giant OAO Yukos at an auction on December 19.
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China lent Russia $6 billion to help the  Kremlin renationalize the key unit of oil major YUKOS,  officials said on Tuesday, underpinning oil-hungry Beijing's  efforts to tap into Russia's huge energy business.
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China yesterday called on Russia to ensure oil giant Yukos meets commitments to Chinese customers. Yukos said on Friday it was suspending oil exports by rail to state-owned
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The Russian government said on Tuesday that it would sell part of the oil giant Yukos&#39;s most valuable subsidiary by the end of November, but at a price well below what investors and analysts consider its worth.
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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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MOSCOW: Foreign investors may take part in the sale of assets in Russian oil major Yukosâ main production unit, which could be offered at a 60% price discount to settle back taxes, Russian television reported on Monday.
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China has agreed to step in and pay Russian rail fees to ensure that it continues to receive Yukos oil if the company is unable to cover the transport costs, officials at Russia's rail transport monopoly said Wednesday.
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MOSCOW  - Cash-flush Surgutneftegaz, Russia's fourth-largest oil company by production and reserves, might consider buying the core production unit of embattled oil giant Yukos, the company's deputy chief said Tuesday.
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Russian President Vladimir Putin said Tuesday that a Chinese state oil company could participate in developing oilfields of the Yukos oil group&#39;s main asset sold at auction at the weekend.
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BEIJING  - China National Petroleum Corp. is in talks with Yukos in an effort to persuade the Russian oil supplier to renew needed shipments of crude oil, an executive of China's state-run oil giant said Monday.
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MOSCOW A senior Russian official said Thursday that China&#39;s state oil company could be offered a 20 percent share in the giant subsidiary of Yukos that was confiscated and auctioned off in December.
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China&#39;s biggest petroleum company plans to demand compensation from OAO Yukos for losses resulting from the Russian oil giant&#39;s suspension of crude shipments, state media reported Monday.
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U.S. oil company Chevron Corp. has expressed interest in acquiring assets of oil company OAO Yukos, a Russian bankruptcy official said Friday.