Yukos Said to Halt Some Exports to China
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Russia&#39;s Yukos oil company is suspending oil exports to the Chinese National Petroleum Corp. because it cannot afford to pay transport expenses, a news agency reported Sunday.
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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 battered Russian oil giant Yukos said a Moscow court had frozen its 34.5 percent stake in rival Sibneft, halting a reversal of their merger that would provide cash for Yukos to settle massive tax bills.
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Russia'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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MOSCOW: Russia has said it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order that seeks to halt Sundayâs auction for at least 10 days.
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Russia&#39;s Natural Resources Ministry has postponed consideration of whether to suspend the licenses of the main subsidiary of the troubled giant oil firm Yukos.
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MOSCOW: Shares of Russian oil major Yukos fell on Friday after the firm said it would trim output at its main Yugansk unit and a paper reported the unit could be sold for a fraction of what analysts say it is worth.
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China's state-owned oil company may get a 20% stake in Yukos' former oil production unit, a Russian minister says.
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Russia&#39;s troubled Yukos oil company says it is being forced to slash production and expenditures because the government has frozen its assets.
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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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China has agreed to step in and pay Russian rail fees to ensure that it continues to receive Yukos oil if the company is unable to cover the transport costs, officials at Russia&#39;s rail transport monopoly said Wednesday.
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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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BOSTON (CBS.MW) -- Russian oil company Yukos has halted some oil shipment to the Chinese National Petroleum Corp. because it can&#39;t afford the transportation costs, according to a published report.
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Accounts held by Yukos have been seized and the company could be forced to halt production, the Russian oil giant warned today. A Moscow court granted a state prosecutor&#39;s request &quot;to seize
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China's biggest oil and gas producer could be offered a 20 percent 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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MOSCOW - Russia&#39;s Yukos oil company is suspending oil exports to the Chinese National Petroleum Corp. because it cannot afford to pay transport expenses, a news agency reported Sunday.
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MOSCOW A senior Russian official said Thursday that China&#39;s state oil company could be offered a 20 percent share in the giant subsidiary of Yukos that was confiscated and auctioned off in December.