Yukos warns production could halt after accounts frozen
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Yukos said its accounts had been seized by the state and that it could be forced to halt production in comments that stoked world oil prices and seemed to ring the death knell for Russia's troubled oil titan.
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Russia's top oil exporter YUKOS cut its  crude output forecast for 2004 on Monday due to a tax dispute  with the state, in a move analysts said was a sign that  Russia's prolific oil growth was set to slow down.
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MOSCOW: Russian oil major YUKOS is poised to lose its core Siberian units, but the state will postpone its final move to dismantle the giant firm beyond next weekâs tax deadline, analysts predicted on Friday.
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Russia&#39;s natural resources minister said Friday that he thought his ministry would give the main production unit of the battered Yukos oil company a three-month warning before pulling its drilling licenses, the Interfax news agency reported.
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Reports of a new tax claim dealt a blow to Yukos on Monday, as the embattled oil major announced it would cut this year&#39;s oil output forecast and defer certain tax payments because of a lack of cash.
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Moscow. (Interfax) - Yukos&#39;s key production unit Yuganskneftegaz for now will not be able to fulfill the Natural Resources Ministry&#39;s claim and repay its debt on the mineral resources extraction tax, Yukos CEO Steven Michael Theede told Interfax.
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Oil giant Yukos is halting two-thirds of its exports to China because of its financial troubles, a move which could raise oil prices.
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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's assault on oil giant Yukos is a source of concern that could impact foreign investment in the country, a senior International Monetary Fund official warned.
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MOSCOW : 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&#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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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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Beleaguered Russian oil company Yukos announced Monday that it had reduced its crude output forecast for the year as bailiffs continued to collect cash against the company's crushing back taxes bill from its frozen bank accounts.
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Russia&#39;s top oil exporter YUKOS cut its crude output forecast for 2004 on Monday due to a tax dispute with the state, in a move analysts said was a sign that Russia&#39;s prolific oil growth was set to slow down.
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Crude oil rose for a fourth day in New York after OAO Yukos Oil Co. said it will halt shipments to China&#39;s biggest oil company because its bank accounts have been frozen in a tax dispute with the Russian government.
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Moscow. (Interfax) - A decision from a syndicate of Western banks to provide a credit to Russian gas giant Gazprom will depend on whether a Houston court upholds a request by Yukos for a preliminary injunction to halt the planned sale of Yuganskneftegaz.
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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.