Moscow sets date to auction Yukos unit
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The Russian government plans to sell a majority stake in the main production unit of oil giant OAO Yukos at an auction on December 19.
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Some of YUKOSâs assets will be sold through the Russian Federal Property Fund, the Justice Ministryâs Main Department in Moscow said on Tuesday.
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On Sunday, Russia plans to auction the jewel of what used to be its most profitable, high-profile and well-run private company - the oil giant Yukos.
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MOSCOW - Moscow markets opened lower Monday after the opaque sale of Yukosâ main production unit to a dark horse bidder. While analysts have little doubt that the state will ultimately take control of
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The Russian gas giant Gazprom declared Wednesday it would bid for a major oil production subsidiary of the embattled oil company Yukos when the subsidiary is auctioned off by the government on Dec.19.
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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 that seeks to halt  Sunday's auction for at least 10 days.
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Russia moved ahead Friday with plans to break up the country&#39;s largest oil producer over unpaid back tax bills, announcing it would auction off a majority stake in the main production unit of oil giant OAO Yukos next month.
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State gas giant Gazprom will participate in the Dec. 19 auction of Yukos unit Yuganskneftegaz, the head of the monopoly's nascent oil division said Tuesday.
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The sale by auction of the main production arm of Russian oil company Yukos is scheduled to take place today. Yukos&#39;s troubles began when its founder and key shareholder, Mikhail Khodorkovsky, broke an unwritten
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Russia moved ahead Friday with plans to break up the country&#39;s largest oil producer, announcing it would auction off a majority stake in the main production unit of oil giant OAO Yukos next month.
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Russia's Federal Property Fund said on Friday it intended to go ahead with an auction of oil major YUKOS' main unit Yuganskneftegaz despite a U.S. court decision to freeze the state-imposed sale.
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A US court  will rule on whether to block the forced auction of Yukos assets on Thursday,  the company says.
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MOSCOW The government on Friday set the stage for the resolution of the &quot;Yukos affair,&quot; setting an auction date for the prize asset of Yukos, the country&#39;s No.
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MOSCOW, NOVEMBER 19: Russia pressed ahead on Friday with the last step in the destruction of embattled oil major Yukos, saying it will auction its main Siberian unit on December 19 at a starting price of $8.65 billion.
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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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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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Russia was set to rip the heart out of  its biggest oil producer, YUKOS, on Sunday, with the auctioning  off of its core unit to meet tax bills in a move which will  boost the Kremlin's control of the nation's oil.