Reports yesterday said that court bailiffs had ordered the company to suspend all sales of its assets, including oil, helping to send the price of crude oil to a 21-year high.
The ministry today said Yukos's three main production units may continue with production and sales but that their assets remain frozen pending payment of a tax bill of $3.4 billion for the year 2000.
Yukos produces roughly 1.7 million barrels of oil a day.
Shares in the company surged close to 20 percent on today's announcement after hitting a record low yesterday.
(AFP/Reuters)
The ministry today said Yukos's three main production units may continue with production and sales but that their assets remain frozen pending payment of a tax bill of $3.4 billion for the year 2000.
Yukos produces roughly 1.7 million barrels of oil a day.
Shares in the company surged close to 20 percent on today's announcement after hitting a record low yesterday.
(AFP/Reuters)
