Word: yuganskneftegaz
(lookup in dictionary)
(lookup stats)
Dates: during 2004-2004
Sort By: most recent first
(reverse)
Russia's Discount Sale Now begins the endgame for Yukos, Russia's biggest oil producer. One year after authorities arrested founder Mikhail Khodorkovsky, the Kremlin is seeking to recoup at least $4 billion in taxes by forcibly selling the firm's main asset, Yuganskneftegaz, which controls vast Siberian oil fields. The subsidiary, which pumps 1 million bbl. of oil per day - about 60% of Yukos' output - has been valued by Dresdner Kleinwort Wasserstein at between $14.7 and $17.3 billion. Reports last week suggested the Kremlin might hand it to a Russian rival, Gazprom, for a fraction of that price...
...Going Down RUSSIA Not even a bailout offer from a consortium led by ex-Yukos official Konstantin Kagalovsky could reverse a slide in the oil giant's stock. As court bailiffs threatened to sell its core asset, Yuganskneftegaz, to recoup $3.4 billion in back taxes, the prospect of bankruptcy loomed too large...
| 1 |