YUKOS Awaits Russia's Next Move After Mystery Sale
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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 The government on Friday set the stage for the resolution of the &quot;Yukos affair,&quot; setting an auction date for the prize asset of Yukos, the country&#39;s No.
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The sale by auction of the main production arm of Russian oil company Yukos is scheduled to take place today. Yukos&#39;s troubles began when its founder and key shareholder, Mikhail Khodorkovsky, broke an unwritten
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MOSCOW : A top Western bank asked to value Yukos&#39;s core asset said the Russian government chose the lowest price possible for a planned sale of the oil giant&#39;s crown jewel in a move that has shaken investors.
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A mystery company has bought the main production arm of the Russian oil giant Yukos. Baikal Finance Group has paid the equivalent of USD9.3bn for the production operation Yuganskneftegas at an 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 seeking to block  Sunday's auction for 10 days.
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MOSCOW: Embattled Russian oil major Yukos should hear later today whether a United States bankruptcy court will back its last-ditch attempt to halt the sale due on Sunday of its main production unit.
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Russian press reports say oil company Surgutneftegaz is the mystery purchaser of the main assets of Russia&#39;s Yukos empire, which was auctioned for $9.35 billion to a shell company at the weekend.
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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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Russia's top oil exporter, YUKOS, slid  closer to collapse after it lost its main production unit to a  mystery buyer in a forced auction and its crude shipments  started to slow.
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Russia said on Friday it would go ahead with an auction to sell the key asset of embattled oil company YUKOS  despite a U.S. bankruptcy court decision to block it for several days.
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Russia pressed ahead yesterday with controversial plans to break up the country&#39;s biggest oil company Yukos, setting a date of December 19 for an auction of its main production unit at a bargain basement starting price of $8.65bn (Â£4.88bn).
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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 Justice Ministry said on Tuesday that it had decided to go ahead with the sale of parts of the oil company Yukos to cover billions in taxes owed by the company.
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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 which seeks to  halt Sunday's auction for at least 10 days.
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MOSCOW - Yukos shares plumbed new depths on Friday after the state aired plans to sell the crown jewel in Russia&#39;s top oil producer for a fraction of its assumed cost in a move worried Western investors treated as disguised nationalisation.
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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.