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Yukos Assets To Be Auctioned


http://gdb.rferl.org/a45e2c3c-4e60-4e0f-ad75-33e04c42413e_w203.jpg --> http://gdb.rferl.org/a45e2c3c-4e60-4e0f-ad75-33e04c42413e_mw800_mh600.jpg (AFP) February 22, 2007 -- The assets of Russia's Yukos oil company will be sold at an auction on March 27.


Officials say the starting price for Yukos's 9.44 percent stake in state-controlled oil company Rosneft will be $7.3 billion -- or about 20 percent of its market value.


Yukos was Russia's largest oil producer until founder and CEO Mikhail Khodorkovsky was arrested on fraud charges in 2003.


(AP, AFP)

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