Gazprom to Bid for YUKOS Key Oil Unit
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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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RBC, 30.11.2004, Moscow 12:09:36.Gazpromneft will take part in an auction on selling YUKOS&#39; oil producing subsidiary Yuganskneftegaz.
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A majority stake in the embattled Russian oil company Yukos' main production unit will be sold at an auction scheduled for Dec. 19, an announcement in the official government newspaper said Friday, confirming the country's largest oil producer will be broken up as part of a politically charged battle for control over the strategic resource.
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OAO Gazprom, the world&#39;s biggest natural-gas company, will borrow $10 billion from six banks led by Deutsche Bank AG to help finance a bid for OAO Yukos Oil Co.
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ONGC Videsh Ltd. (OVL) could emerge as the favored partner of Russian gas firm Gazpromneft in the latter&#39;s bid for the assets of the beleaguered Russian oil giant Yukos.
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The nascent petroleum division of natural gas monopoly Gazprom will bid for the top production unit of the battered Yukos oil empire, its chief said Tuesday -- a widely anticipated move that could put the heart of the company into Kremlin-friendly hands.
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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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The nascent petroleum division of natural gas giant Gazprom will bid for the crown jewels of the battered Yukos oil empire, its chief said Tuesday - a widely anticipated move that could put the heart of the company jailed billionaire Mikhail
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Russia pressed ahead on Friday with the last step in the destruction of oil major YUKOS, saying it will auction its main Siberian unit on Dec. 19 for $8.65 billion and hit it with a new tax claim.
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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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Talk intensifies that oil company will sell its key Siberian unit for low price to pay back taxes. MOSCOW  - Shares of Russian oil company Yukos fell Monday as fears intensified that the firm&#39;s key
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Russia set a date for the auction of Yukos's main unit in a move that will pluck the embattled firm's crown jewel and effectively destroy what last year was considered the nation's best-run oil company.
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Russia's Gazprom said on Tuesday it will  bid for embattled oil firm YUKOS' main unit next month, as the  Kremlin seeks to turn the world's biggest gas producer into a  major oil player.
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Gas monopoly Gazprom has been given the green light by Russian authorities to bid for Yuganskneftegas, the main arm of stricken oil firm Yukos.
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Russia is vowing to proceed with an auction of oil giant Yukos' key production subsidiary, saying a U.S. court ban is irrelevant. But the expected winner of Sunday's auction, the state-run Russian gas company Gazprom, may not be able to pay after a consortium of Western banks reportedly put on hold billions of dollars in credit it needs to fund its bid.
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Russia's Gazprom monopoly will bid for the crown jewel of the embattled Yukos oil giant during an upcoming December auction, its chief said confirming long-held market rumors.
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MOSCOW  - Russia forged ahead with the weekend auction of the core asset of crippled oil giant Yukos despite a disputed US court order barring the sale, with state-controlled gas giant Gazprom entering the bidding.