Global oil prices were down slightly as of late in the day on 29 July after the Russian Justice Ministry backed away from efforts to force embattled oil giant Yukos to stop selling oil
Published:
30 July 2004 y., Friday
Global oil prices were down slightly as of late in the day on 29 July after the Russian Justice Ministry backed away from efforts to force embattled oil giant Yukos to stop selling oil.
Prices reached a record high of $43.05 per barrel on 28 July on word that Russian bailiffs had ordered the company to cease oil sales. Justice Ministry spokesman Andrei Belyakov said on 29 July that "the bailiffs' activities are aimed neither at blocking the bank accounts nor the economic activities of Yukos's subsidiaries".
"Izvestiya" reported on 29 July that Yukos management has written a letter to the government predicting massive layoffs if an agreement over payment of the company's tax debts cannot be reached. The letter said that the bailiffs' order meant that three major Yukos subsidiaries were unable to sell oil, threatening the jobs of 15,000 people. The daily reported that Yukos shares have lost 60 percent of their value since 20 July. Dpa reported on 28 July that Yukos shares fell to $2.97 each when trading was halted for the third consecutive day.
Šaltinis:
rferl.org
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The mission held constructive discussions with Prime Minister Emmanuel Nadingar, Finance Minister Gata Ngoulou, Infrastructure Minister Adoum Younousmi, and other senior officials.
more »
The EBRD is helping to improve the quality of power supply and stimulate renewable sources of energy in the Caucasus with an €80 million sovereign loan to Georgia for the construction of a new high voltage transmission line - the Black Sea High Voltage line, which will interconnect Georgia and Turkey.
more »
The EBRD is helping to improve the infrastructure of the Georgian capital, Tbilisi, with a €100 million loan for the construction of a new railway route bypassing the city.
more »
One of the men considered to be the founding fathers of the euro currency met MEPs on the Foreign Affairs Committee Tuesday (16 March) to talk about transatlantic relations.
more »
European Trade Commissioner Karel De Gucht today opened a conference focused on the European Union's trade policy towards developing countries.
more »
At the beginning of the 2000s, state ownership in financial intermediation in Mexico accounted for about 20 percent of the total credit of the banking system, provided through development financial institutions and funds.
more »
Halving the number of business failures by offering individual support, doubling the number of young people who want to start their own business or raising by 500% the number of enterprising new cooperatives are just some of the projects nominated for the European Enterprise Awards 2010.
more »
The European Commission has published the fourth call for proposals for the creation and upgrade of freight transport services under the second Marco Polo programme.
more »
The European Central Bank (ECB) today announced a programme of technical cooperation with the Central Bank of Bosnia and Herzegovina, in collaboration with a number of euro area national central banks (NCBs).
more »
The EU disbursed today €1 billion to Romania, the second instalment of a €5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »