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Not so fast, Mr. Eisenstat
As noted in a number of these previous posts, the Russian government's dismemberment and effective nationalization of the assets of OAO Yukos last year has dire implications generally for Western business interests hoping to engage in reasonably free commercial investment...
Here's one for the hedgies
Given the hedge fund theme today, it seems appropriate to note that the Russian state oil company Rosneft (previous posts here in connection with the Yukos chapter 11 case) is proceeding with its huge $10 billion initial public offering on...
Updating the Yukos case -- Judge Clark dismisses chapter 11 case
U.S. Bankruptcy Judge Letitia Z. Clark dismissed OAO Yukos' controversial chapter 11 case yesterday, concluding that there is inadequate precedent for a major foreign oil company to gain the substantial legal protections of a debtor-in-possession under U.S. bankruptcy law. Here...
Updating the Yukos case -- Hearing on Motion to Dismiss cranks up
The hearing on whether Russian oil company and American debtor-in-possession OAO Yukos' chapter 11 case should be dismissed began on Wednesday in U.S. Bankruptcy Judge Letitia Clark's Houston courtroom as Hugh Ray, Deutsche Bank AG's lawyer, urged Judge Clark to...
Updating the Yukos case -- Yukos files $20 billion lawsuit
Russian oil company and American debtor-in-possession OAO Yukos filed a lawsuit seeking damages of $20 billion late Friday in Houston against Russian natural gas giant OAO Gazprom, its unit Gazpromneft, Baikal Finance and OAO Rosneft for playing a role in...
Updating the Yukos case -- Will Yukos sue China?
As Russian oil giant OAO Yukos continues its attempt to maintain jurisdiction of its pending chapter 11 bankruptcy case in Houston, this report today confirms what had been suspected earlier -- i.e., that energy-driven China loaned Russia $6 billion secured...
Updating the Yukos case -- What is going on with Yugansk?
After announcing late last week that Yuganskneftegaz ("Yugansk") -- OAO Yukos' former primary production unit -- would not be transferred to state-controlled OAO Gazprom as anticipated, the Russian government announced over the weekend that Yugansk is now operating as a...
Updating the Yukos case -- Gazprom will not get Yugansk after all
In a surprise move, the Russian government announced Thursday that Yuganskneftegaz ("Yugansk") -- the main oil production unit of bankrupt Russian oil giant OAO Yukos -- will not be conveyed to to Russian gas giant OAO Gazprom as widely anticipated....
Updating the Yukos case -- Rosneft debt downgraded
OAO Rosneft, the Russian government-controlled oil company that has bought OAO Yukos' Yuganskneftegaz ("Yugansk") huge oil unit, has been put on credit watch by Standard & Poor's Ratings Services in a quintessentially Western financial assessment of the riskiness of the...
Updating the Yukos case -- Gazprom confirms control of Yugansk
Russian gas giant OAO Gazprom confirmed yesterday what everyone in the international oil and gas business suspected -- that it will control Yuganskneftegaz ("Yugansk"), which was formerly the main oil-production unit of OAO Yukos. Here are the earlier posts about...
Updating the Yukos case -- Rosneft buys Yugansk unit
Russian oil company OAO Rosneft announced today that it has acquired Baikal Finance Group, the purchaser of OAO Yukos' main production unit Yuganskneftegaz ("Yugansk") at a Russian government auction last Sunday. Here are the earlier posts covering the auction and...
ConocoPhillips' ambitious Russia play
Houston-based ConocoPhillips announced earlier this week a $2.36 billion "strategic alliance" with Moscow-based OAO Lukoil under which Conoco will buy a 7.6% stake in the Russian oil company and get a share in joint projects. The deal provides Conoco access...
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