Russian government to control 15% of country&#39;s oil production
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NEW YORK, December 23  - The Russian government appears all set to control 15% of the countryâs oil production, with the state-owned Rosneft purchasing Baikalfinansgroup, the unknown entity which won the weekend auction of Yukos
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The Russian government said Thursday that it would hold an auction Sept. 29 to sell its 7.59 percent stake in Lukoil, the giant oil company, at a starting price of $1.
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Russia will play an increased role in oil and gas supply and trading with considerable consequence for the world&#39;s energy security, the International Energy Agency (IEA) said Tuesday.
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In a dramatic shift, Russia said Thursday it won&#39;t give the main asset of embattled oil giant OAO Yukos to gas company OAO Gazprom, instead using it to create a new government-owned oil company in which it will offer a minority stake to China&#39;s state
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Russia's justice ministry announced plans to sell a part of the Yukos oil giant to cover the company's outstanding back taxes, officials said.
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Russia's justice ministry announced plans to sell a part of the Yukos oil giant to cover the company's outstanding back taxes.
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Russia's Natural Resources Minister defended a decision that will keep foreign-controlled oil companies out of auctions of strategic raw materials resources, arguing Wednesday that tighter control would help Russia tackle widespread poverty in the country, a stated goal of president Vladimir Putin.
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BEIJING, Dec. 31 -- Russia&#39;s Industry and Energy Minister Viktor Khristenko has said that the China National Petroleum Corporation (CNPC) could be offered a 20 percent stake in a state-owned Russian company
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Russian president Vladimir Putin has backed plans to end restrictions on the foreign ownership of shares in Russian energy giant Gazprom.
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Russia&#39;s natural resources minister said Friday that he thought his ministry would give the main production unit of the battered Yukos oil company a three-month warning before pulling its drilling licenses, the Interfax news agency reported.
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MOSCOW : Russia&#39;s justice ministry announced plans to sell a part of the Yukos oil giant to cover the company&#39;s outstanding back taxes.
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The Russian Government is going ahead with the sale of a large part of oil giant Yukos in order to recover an $18 billion tax debt.
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Russian tax authorities yesterday scheduled the equivalent of a fire sale at what was once the nation&#39;s largest oil company, offering the main production facility at Yukos Oil
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Russia's natural resources minister said Friday that he thought his ministry would give the main production unit of the battered Yukos oil company a three-month warning before pulling its drilling licenses, the Interfax news agency reported.
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The dreams of US petro-billionaires to gain control of a large part of Russia&#39;s oil and gas production went up in smoke on Dec. 19.
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Russia's natural resources minister said Monday that foreign companies would be welcome to help develop offshore oil fields, the same day a senior U.S. diplomat expressed concern about the minister's earlier statement that foreign access to oil and gas deposits would be limited.
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US oil firm ConocoPhillips (COP.N: Quote, Profile, Research) will be able to add 10 percent of Russian major LUKOIL&#39;s (LKOH.RTS: Quote, Profile, Research) total reserves to its books after it completes buying a 10 percent stake