On Friday, Russia postponed by three months, a decision on whether to revoke the Siberian licences of embattled oil major Yukos
Published:
14 October 2004 y., Thursday
On Friday, Russia postponed by three months, a decision on whether to revoke the Siberian licences of embattled oil major Yukos, alleviating fears of a prompt value-destructive move.
The resources ministry’s commission notified Yukos that the firm was not fully complying with the licences terms for 21 Siberian fields and that breaches should be rectified within three months.
It will meet on five more licences later this month. The news followed earlier comments by resources minister Yuri Trutnev, who ruled out any early withdrawal of Yukos’ licences.
“The revocation of licences is possible only in three months and only if the company does not rectify breaches (in licence conditions),” he said at an economic forum in the Black Sea resort of Sochi.
“I believe there can’t be any withdrawal because it is illegal to withdraw licences without prior warning and without giving a chance to rectify breaches within the next three months,” Mr Trutnev said.
Yukos faces almost $8bn in back tax claims, its bank accounts are frozen and the firm has repeatedly warned it is not able to fund its basic operations and pay current taxes.
Šaltinis:
economictimes.indiatimes.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
President of the Republic of Lithuania Dalia Grybauskaitė welcomed the decision taken by the U.S. Government to transport shipments for the international mission in Afghanistan by transit via the Klaipėda Seaport.
more »
EU Solidarity Fund aid to repair storm damage in France and Portugal was approved by the Budgets Committee on Thursday.
more »
The European Investment Bank and the Government of Samoa formally agreed to support the rehabilitation and upgrade of independent water schemes in the Pacific island state under a EUR 250,000 technical assistance programme.
more »
Steps to overhaul the European Union's flagship single market were discussed on Tuesday (9 November) by MEPs and interested parties.
more »
Strategy to secure a sustainable EU energy supply and support economic growth over the next decade.
more »
EU funding to help 850 former workers in the aircraft maintenance industry around Dublin find new jobs was approved by the European Parliament on Thursday.
more »
Saffron farmers in western Afghanistan hope to oust opium as a harvest crop.
more »
The European Commission has approved an application from Poland for assistance from the European Globalisation adjustment Fund (EGF).
more »
New plans for EU industry to create jobs while keeping manufacturing in Europe.
more »
The European Commission has approved two applications from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »