Yukos cuts 2004 oil production forecast
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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 frozen accounts had forced the firm to reduce operating costs.
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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 was set to rip the heart out of  its biggest oil producer, YUKOS, on Sunday, with the auctioning  off of its core unit to meet tax bills in a move which will  boost the Kremlin's control of the nation's oil.
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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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OPEC will cut back on oil production early next year in a bid to stave off a further decline in the world price, Kuwait's oil minister said yesterday.
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The top management of oil major YUKOS has left Russia fearing arrest under a Kremlin drive to &quot;decapitate&quot; the country&#39;s largest oil exporting company, a YUKOS source said on Thursday.
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NEW YORK, September 3 (New Ratings) - Oil prices climbed yesterday on the news that Yukos Oil has issued a warning of a production cut.
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MOSCOW - The top management of oil major Yukos has left Russia fearing arrest under a Kremlin drive to &quot;decapitate&quot; the country&#39;s largest oil exporting company, a Yukos source said on Thursday.
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OAO YUKOS oil company has temporally stopped crude oil railway deliveries to Chinese CNPC following the problems with the settlement of railway tariff rates and exports duties.
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Yukos, the Russian oil giant, could be forced to halt production because of a new court order, the company says.
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MOSCOW  - The Russian Justice Ministry announced Tuesday that the Yukos oil company's main production subsidiary, Yuganskneftegaz, had been evaluated at &#36;10.4 billion US and the ministry will sell off part of its assets, the Interfax news agency reported.
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Yukos shares completed a full circle on Thursday, falling below $1 for the first time in more than four years. Shares in Russia&#39;s biggest oil producer, which went from market pariah to its
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Oil exports from Russia - the world&#39;s second-largest oil producer - may decrease within two years, a top Russian oil industry expert warned Tuesday.
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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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Crude oil futures fell as Iraqi exports rose and Russia said it would increase production this year, extending a decline that has cut almost $8 from the price in eight sessions.
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MOSCOW, Dec. 19 - Russia dismantled its largest oil producer, Yukos, on Sunday by auctioning off the company&#39;s largest subsidiary to a little-known concern that registered as a last-minute bidder on Friday.
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Russia moved ahead Friday with plans to break up the country&#39;s largest oil producer, announcing it would auction off a majority stake in the main production unit of oil giant OAO Yukos next month.