Export Cut to China Seen as Clever Strategy on Yukos&#39;s Part
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Yukos, the Russian oil giant, is playing a weak hand well in its battle with the Kremlin by cutting its oil shipments to China ahead of a meeting between leaders of the countries this week, analysts said on Monday.
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The Justice Ministry said Tuesday that it planned to sell the core petroleum subsidiary of Yukos, the embattled Russian oil giant, at what appears to be a steep discount to settle billions of dollars in tax debts.
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Russian President Vladimir Putin has hinted at Chinese involvement in the exploitation of the confiscated assets of the Yukos chief oil producing unit, marking a shift in Moscow&#39;s traditional closed-door policy to its Asian neighbour.
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Foreign investors may be allowed to bid for the key oil producing subsidiary of embattled Russian oil firm Yukos. Moscow authorities are forcing the sale of Yuganskneftegas, which accounts for 60% of the firm&#39;s
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MOSCOW : Russia&#39;s embattled Yukos oil giant said it had partly suspended its deliveries to China because its legal troubles have left it without cash to pay transport and customs costs.
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The Russian government said on Tuesday that it would sell part of the oil giant Yukos&#39;s most valuable subsidiary by the end of November, but at a price well below what investors and analysts consider its worth.
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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, will lower crude-oil deliveries to China National Petroleum Corp. this month and supply no oil in October because the Russian company
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Yukos is making a last-ditch attempt to use the US courts to preserve some kind of future for itself. But its adventure as Russia&#39;s biggest private sector company - an
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BEIJING  - Energy-hungry China called on Russia to see that oil giant Yukos meets commitments to supply Chinese customers after the Russian company suspended some exports.
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China has helped the Kremlin sidestep a U.S. bankruptcy court by providing an indirect loan to a state-run oil company that acquired the biggest production unit of embattled oil giant Yukos, analysts said Tuesday.
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China emerged on Thursday as a dark horse contender for the assets of stricken Russian oil major YUKOS as the company's state-driven break-up took yet another abrupt twist.
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China emerged on Thursday as a dark horse contender for the assets of stricken Russian oil major Yukos as the company's state-driven break-up took yet another abrupt twist.
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The Russian government plans to push through a partial sale of oil giant Yukos in order to cover the firm's tax bill, it is reported.
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Russian oil major Yukos&#39; crippling tax debts finally forced a much-feared production cut on Wednesday, but its exports to Europe looked safe after it cut a barter deal with the pipeline monopoly.
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MOSCOW  - China's biggest oil and gas producer could be offered a 20 per cent stake in a Russian state company that will control Yukos' former key subsidiary, a Russian minister said Thursday, in an apparent attempt by authorities to avoid legal fallout from the disputed auction of the Yukos unit.
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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, cut its oil production target and capital spending for this year, the first sign its struggles to meet a $3.
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RBC, 13.10.2004, Moscow 14:13:45.A new company may be created so that it will take part in the auction for selling YUKOS&#39; major oil producing subsidiary Yuganskneftegaz.