The main production unit of embattled Russian oil giant Yukos has been forcibly auctioned off
Published:
20 December 2004 y., Monday
The main production unit of embattled Russian oil giant Yukos has been forcibly auctioned off. The sale was ordered by the authorities who say they were acting to recover billions in unpaid taxes from the firm. But the sell-off did not go quite as expected.
It was thought the buyer would be Russia's state-sponsored gas monopoly, Gazprom - fuelling concerns that the Kremlin was moving in to take control of Yukos's principal asset.
But, in the end, it was the mystery Baikal Finance Group that paid out over nine billion dollars in a sale that went ahead despite a restraining order by a US court, where Yukos has filed for bankruptcy protection.
However, the fact that the buyer was unheard of until a few days ago has prompted speculation that it could simply be Gazprom under a different name. When a Russian reporter tried to track down Baikal's official headquarters, he found only a shop and restaurant.
Baikal's purchase, Yugansk, pumps more oil than OPEC member Qatar. It is reported that if Baikal does not pay up within a certain time limit, its new acquisition will automatically come under government control.
Šaltinis:
euronews.net
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 European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level.
more »
Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15.
more »
World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat.
more »
These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB).
more »
The European Investment Bank (EIB) today signed its first loan agreement with Armenia.
more »
Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area.
more »
The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS).
more »
The European Commission today approved a new financial support package of €135 million for Morocco.
more »
The European Commission is allocating an extra €10 million in humanitarian aid for Liberia.
more »