China supply cutback raises stakes in Yukos standoff
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Russia's embattled Yukos oil giant raised the stakes in its bitter standoff with the Kremlin as the company slashed supplies to China in a move analysts said was designed to cause maximum embarrassment in Moscow.
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Oil prices hit $46 on Monday as Russian  oil giant YUKOS cut some sales to China and was reported to  have suspended oil supplies to Lithuania, as the company's  financial turmoil took its first toll on exports.
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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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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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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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ASHGABAT: The Central Asian republic of Turkmenistan said yesterday it had carried out a threat to cut gas supplies to Russia and Ukraine but was ready to turn the pumps back on in return for higher prices.
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Russia's gas monopoly says it may cut supplies to Ukraine if Kiev does not settle back-payments of $1.5bn.
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But exports to Europe safe after the Russian oil firm seals a barter deal with pipeline monopoly. MOSCOW  - Yukos&#39; crippling tax debts finally forced the Russian oil major to make a much-feared production cut Wednesday.
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BEIJING  - China National Petroleum Corp. is in talks with Yukos in an effort to persuade the Russian oil supplier to renew needed shipments of crude oil, an executive of China's state-run oil giant said Monday.
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The battle between Russian President Vladimir Putin and Yukos, the country&#39;s largest oil producer, intensified Tuesday after government officials announced plans to sell the company&#39;s key energy fields at rock-bottom prices.
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Russian President Vladimir Putin has hinted at Chinese involvement in the exploitation of the confiscated assets of the Yukos chief oil producing unit, marking a shift in Moscow&#39;s traditional closed-door policy to its Asian neighbor.
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Russiaâs strategy to secure a monopoly for Gazprom on exports to Asia is threatening an important investment by BP.
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China National Petroleum Corp. is in talks with Yukos in an effort to convince the Russian oil supplier to renew needed shipments of crude oil, an executive of China's state-run oil giant said Monday.
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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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RUSSIAâS stricken oil industry is facing what some have branded a return to Soviet Union days after gas monopoly Gazprom said it might bid for the production arm of energy giant Yukos.
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China lent Russia $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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Talk intensifies that oil company will sell its key Siberian unit for low price to pay back taxes. MOSCOW  - Shares of Russian oil company Yukos fell Monday as fears intensified that the firm&#39;s key