Russian prosecutors seize tycoons' 44% Yukos stake: developments stall plans for investment, may pressure prices

Article Abstract:

Russian firm Yukos Oil Co. is encountering difficulties in obtaining investments after government officials brought the company under investigation for tax evasion and securities fraud. The move included the imprisonment of chief executive Mikhail Khodorkovsky and impoundment of corporate control.

Legal issues & crime, Company legal issue, Investigations, Securities fraud, Tax evasion, OAO NK Yukos

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Finance chief at Rosneft quits; IPO is on track

Article Abstract:

Chief Financial Officer Sergei Alexeyev, Rosneft of Russia has unexpectedly resigned due to personal reasons. The state petroleum giant is preparing an initial public offering later this year as planned.

Executive changes & profiles, Officials and employees, Company Profile, Rosneft

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Russian oil producer says debt rose amid acquisitions

Article Abstract:

OAO Sibneft posted a rise of 85% in its net debt for the 2002 year. The company reported $1.62 billion (1.39 billion euros) in net debt for the year due to its acquisition strategy.

Natural gas, Petroleum, Gas industry, Debt, OAO Sibneft

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