Yukos partly suspends oil deliveries to China
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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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Embattled Russian oil giant Yukos cut its 2004 oil production target from 90 million tonnes to 86 million tonnes, saying its inability to access its frozen accounts had forced the firm to reduce operating costs.
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An international banking consortium has decided to suspend approval for the â¬10 billion (Â£6.9bn) loan to Gazprom that would have financed the state-controlled company&#39;s acquisition of Yukos&#39;s most important oil production plant.
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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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Embattled Russian oil company warns that it may scale back oil output after more funds seized. MOSCOW  - Russian oil major Yukos again warned on Thursday that it may be forced to cut output after
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Crude oil prices in New York rose to their one-month high Monday after OAO Yukos Oil Co. said it would halt oil shipments to China while many traders concerned about a sharp decline in crude inventory.
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China lent Russia &#36;6 billion to help the Kremlin renationalize the key unit of oil major YUKOS, officials said on Tuesday, underpinning oil-hungry Beijing's efforts to tap into Russia's huge energy business.
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OSCOW, Sept. 2- World oil prices rose on Thursday after Russia&#39;s largest oil producer, Yukos, said a court ruling &quot;paralyzes&#39;&#39; the company&#39;s operations.
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OAO Yukos Oil Co., Russia&#39;s second- largest oil producer, called on banks to reconsider participation in the sale of its biggest unit, after a US judge temporarily barred them from the process.
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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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Oil prices hit $46 on Monday after  Russia's YUKOS suspended some oil exports to China and concern  lingered over storm-related supply disruptions into the United  States.
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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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A top river oil transport company threatened to halt Yukos shipments by September 1 over payment worries, in a move that would hit 12 percent of the production by Russia's largest oil company.
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Russian oil giant Yukos has decided to halt two-thirds of its oil exports to China, raising the stakes in its yearlong legal battle with the authorities.
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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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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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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.