Russian Oil Firm Buys Mysterious Bid Winner
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The state-owned oil company Rosneft has acquired the unknown front company that won a controversial auction Sunday for a major production unit of the besieged oil giant Yukos, Russian news agencies reported late Wednesday.
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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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The cat-and-mouse game between Russian tax authorities and Yukos, the country&#39;s largest oil producer, took a bizarre turn Sunday evening during a secretive auction held in Moscow.
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A little-known group bought the main production unit of Russia's largest oil producer for $9.3 billion on Sunday, gaining control of one of Russia's most prized assets for half of what foreign auditors say it is worth.
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A company so small that it did not seem to have an office bid successfully yesterday to buy the second- biggest oil production facility in Russia
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The Russian company wins a legal skirmish.
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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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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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Russian state-owned oil company Rosneft has bought the mysterious buyer of Yukos' most important production unit, Russian news agencies reported late Wednesday, in a deal that appeared to move the unit one step closer to ownership by state-controlled gas giant Gazprom.
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Russia's anti-trust body said on Saturday it had approved the state oil firm Rosneft's purchase on Thursday of the obscure buyer of the key production unit of beleaguered YUKOS oil company.
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BaikalFinansGroup won the auction for Yuganskneftegaz on Sunday, agreeing to pay $9.3 billion for the main production unit of Yukos, Russia&#39;s largest oil producer, according to published reports.
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US oil company is looking to buy up to 25% stake in the Russian oil giant, source says. MOSCOW  - US oil major ConocoPhillips is seeking to buy up to 25 percent in Russian oil giant Lukoil, booking
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Managers from a secretive, Kremlin-loyal oil company represented the mystery buyer of the beleaguered Yukos oil giant's core subsidiary, two Russian newspapers reported Tuesday.
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The main production unit and jewel in the crown of Yukos, the beleaguered Russian oil group, was bought by a mystery shell company yesterday for a fraction of its real value, in
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OAO Rosneft, Russia&#39;s state-owned oil company, bought the winning bidder for the confiscated unit of OAO Yukos Oil Co., Russia&#39;s largest petroleum exporter, Interfax reported, citing an unnamed Rosneft official.
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Prague, 20 December 2004 (RFE/RL) -- The question everyone in Russia is asking a day after an obscure company won a controlling stake in one of the country&#39;s largest oil producers is: Just who is Baikalfinansgrup?
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A little known company has bought the main production unit of embattled Russian oil company Yukos, for around USD9.35bn. Little is known about the auction winner Baikalfinansgroup - named after a Siberian