Yukos Sale a Mix of Pomp, Bureaucracy
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The final act in the 18-month legal drama against the Yukos oil company and its founder began with an incongruous mix of Sotheby's pomp and Soviet bureaucracy.
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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 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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The battle between Russian President Vladimir Putin and Yukos, the country&#39;s largest oil producer, intensified Tuesday after government officials announced plans to sell the company&#39;s key energy fields at rock-bottom prices.
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The identity and motivation of the new owner of Yukos' main production division is the subject of frantic speculation in Moscow.
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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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Description: The Russian government announces the sale of many of the most valuable portions of the oil company Yukos, the firm built by embattled tycoon Mikhail Khodorkovsky.
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Yukos scrambled to scrape together cash for a crushing tax bill by selling off one of its gas companies in the face of deep investor skepticism that Russia's oil giant could survive its standoff with the state.
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Independent lawmaker Vladimir Ryzhkov called the looming sale of the Yukos oil company&#39;s core production unit legal chaos and criticized the role of the Western investment bank that valued the subsidiary.
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MOSCOW, DECEMBER 20: Russia Left Yukos and its investors guessing as to its next move on Monday after selling its main oil production unit to Baikal Finance Group, a mystery firm registered at a grocery in provincial Russia.
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The future of the Russian oil industry took an unexpected turn Sunday when a previously unknown investment group won an auction for the main production assets of embattled oil company Yukos.
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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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The Russian Justice Ministry says it plans to sell some of the assets of the giant Yukos oil company to cover its outstanding tax bill.
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When the Russian government's 7.6 percent stake in Lukoil &#151; the world's No. 2 oil company by reserves &#151; is auctioned Wednesday in the nation's biggest privatization, industry watchers aren't expecting any surprises.
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MOSCOW  - Russia pushed ahead with the weekend auction of the core asset of oil giant Yukos despite a US court order barring the sale, a rare legal victory that is unlikely to prevent the state from gaining control.
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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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The buyer of the main asset of embattled Russian oil firm Yukos is reportedly sold to state-owned Rosneft.