Russian gas giant Gazprom gets go-ahead for Yukos bid
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Russian gas giant Gazprom pushed ahead with plans to bid for the main production unit of embattled oil group Yukos, a takeover that would create a state-controlled oil and gas behemoth to rival Saudi Arabia's Aramco.
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General view of Gazprom headquaters is seen, in Moscow, on Friday, Dec. 17, 2004. The oil wing of Russia&#39;s state-controlled natural gas giant Gazprom does not intend to pull out of this weekend&#39;s auction of
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Moscow. (Interfax) - A decision from a syndicate of Western banks to provide a credit to Russian gas giant Gazprom will depend on whether a Houston court upholds a request by Yukos for a preliminary injunction to halt the planned sale of Yuganskneftegaz.
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MOSCOW: Russia forged ahead yesterday with the weekend auction of the core asset of crippled oil giant Yukos despite a US court order barring the sale, as the state-controlled gas monolith Gazprom entered the bidding.
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MOSCOW: Russia has said it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order that seeks to halt Sundayâs auction for at least 10 days.
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GAZPROM asserted its status as a major force in Russian oil yesterday by confirming that it would bid for Yuganskneftegaz, the Yukos oil subsidiary.
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MOSCOW, November 30 (RIA Novosti) - The Gazprom natural gas giant has decided to loan money for its subsidiary Gazpromneft to be able to bid for Yuganskneftegaz, the main production unit of Yukos.
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Russia&#39;s Gazprom said on Tuesday it will bid for embattled oil firm YUKOS&#39; main unit next month, as the Kremlin seeks to turn the world&#39;s biggest gas producer into a major oil player.
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The newly-created oil unit of Russian gas monopoly OAO Gazprom, Gazpromneft, will take part in the auction of the embattled Yukos oil company&#39;s largest unit, Yuganskneftegaz, Dow Jones NewsWires reported Tuesday, citing the news agency Prime-Tass.
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Russia said on Saturday it would welcome more offers for the assets of oil major YUKOS as the only declared bidder, Gazprom, inked a cooperation deal with India's state-run ONGC oil firm.
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In an attempt to create a state energy leviathan, Russia's natural gas monopoly Gazprom said that it would bid for the prize assets of oil giant Yukos.
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Lawyers for core shareholders in Yukos have vowed to sue the Russia &#39;s gas giant Gazprom or any other buyer of the stricken oil group&#39;s main subsidiary, Yuganskneftegaz, which is up for auction.
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MOSCOW  - Russia&#39;s economy minister German Gref is trying to halt plans for the Gazprom monopoly to bid for the main production unit of embattled Yukos, but is unlikely to succeed, analysts said.
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Russia&#39;s state-controlled gas giant Gazprom approved a plan to bid for Yukos&#39; core production unit Wednesday amid reports that the company was negotiating to secure a euro10 billion (US$13 billion) loan from a group of Western banks to support its offer.
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Russia&#39;s state-owned Gazprom may complete takeovers next month that will give it almost one-fifth of the nation&#39;s oil output, worth more than $20 billion this year.
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Russia's gas monopoly Gazprom will bid for the crown jewel of the embattled oil giant Yukos during an upcoming December auction, a top company official said, confirming long-held market rumors.
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Russia is pressing ahead with the last step in the destruction of YUKOS, saying it will auction the oil major&#39;s main Siberian unit on December 19 for $8.65 billion (4.66