YUKOS: Rosneft Takes Control of Yugansk
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Russian state oil firm Rosneft installed new management at stricken oil major YUKOS&#39;s key production unit, said an official from YUKOS, which is challenging the government auction of the asset in US courts.
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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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Russian President Vladimir Putin Thursday strongly defended the takeover by state oil firm Rosneft of stricken oil major YUKOS&#39;s key production unit, Yuganskneftegaz, saying it was a legitimate business deal.
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An oil company controlled by the Russian government, Rosneft, said yesterday that it had bought the company that had won Sunday&#39;s auction for the largest subsidiary of the oil giant Yukos.
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Gazpromâs oil arm Gazpromneft is set to take part in the auction for Yuganskneftegaz, Yukosâ main production unit, despite a ruling by a US bankruptcy court to halt the sale for 10 days.
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BEIJING, Dec. 23 -- Russian President Vladimir Putin has affirmed that the sale of Yukos&#39;s biggest subsidiary company Yugansk to BaikalFinansGroup complied with the law.
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Rosneft, the state-owned Russian oil company, has reportedly moved to take control of Yuganskneftegaz, formerly Yukos&#39;s most important oil production plant.
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The buyer of the main asset of embattled Russian oil firm Yukos is reportedly sold to state-owned Rosneft.
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MOSCOW, November 30 (RIA Novosti) - The Gazprom natural gas giant has decided to loan money for its subsidiary Gazpromneft to be able to bid for Yuganskneftegaz, the main production unit of Yukos.
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Russia's President Putin says the purchase of Yukos' main asset by state-owned oil firm Rosneft was in line with free market principles.
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Last week Russian state oil firm Rosneft bought out the mysterious buyer of Yukosâ oil subsidiary Yugansk putting to rest for now, wide-scale speculation over the buyerâs identity.
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The Russian Competition Institution has approved the sale of Baykal Finans Group, which had purchased Yuganskneftgaz, the main oil production of Yukos, to state company Rosneft.
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A delegation of Russian state oil firm  Rosneft arrived on Friday in Nefteyugansk, hometown of stricken  oil major YUKOS's key unit, Yuganskneftegaz, to take control of  the company, YUKOS said.
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The Russian gas giant Gazprom said its board of directors had given its go-ahead for the state-controlled firm to bid for the main production unit of embattled oil group Yukos.
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The Russian Federal Property Fund announced on Friday, November 19, that the auction to sell the shares of Yuganskneftegaz, the main production subsidiary of embattled Yukos Oil Company will take place on December 19.
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Russian President Vladimir Putin  Thursday strongly defended the takeover by state oil firm  Rosneft of stricken oil major YUKOS's key production unit,  Yuganskneftegaz, saying it was a legitimate business deal.
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Russia completed the dismantling of Yukos Oil today, selling off the country's largest oil subsidiary to a company that was essentially unheard of until three days ago.