Bin Laden May Have Bought Russian Oil Field 12-20-04

[dmcowen674]

12-21-2004 U.S. Protests Sale of YUKOS Unit

The Bush administration on Tuesday protested Russia's auction of YUKOS's main oil production unit and warned it could have a "chilling effect" on foreign investment in Russia.

Putin did not identify the owners of Baikal Finance, which was unknown before it acquired Yugansk in Sunday's auction. The sale of the unit was ordered to raise funds to help pay YUKOS' $27.5 billion back-tax bill.

"We had hoped for a solution that would allow for the legitimate enforcement of tax laws but avoid harming investors, especially American investors," McClellan said.


12-20-2004 OWNER OF A TENTH OF RUSSIA'S OIL - PLEASE STAND UP

"That some 10 percent of Russia's (oil) production should be in unknown hands is clearly untenable," said Adam Landes at Renaissance Capital.

A photographer had checked the address given by Baikal in Tver and had found a building housing a mobile phone shop and a cafe.

 

[ntdz]

I just read the article, and I have no idea where you came up with the fact that Bin Laden bought the Russian oil company. You don't make any sense. I've got a new name for you...Left-wing Athiest Nut, or LAN.

 

[dmcowen674]

Originally posted by: ntdz
I just read the article, and I have no idea where you came up with the fact that Bin Laden bought the Russian oil company. You don't make any sense. I've got a new name for you...Left-wing Athiest Nut, or LAN.

Well two out of three ain't bad. I'm not 100% Left, not Athiest but you got me on Nut.

 

[alent1234]

it's most likely the kremlin nationalizing the company

 

[Strk]

Originally posted by: alent1234
it's most likely the kremlin nationalizing the company

That's the first thing that came to my mind.

 

[RabidMongoose]

Maybe Mickey Mouse or Donald Duck bought it, too.

 

[ReiAyanami]

and they won with a single bid, because they were the only bidders. imagine if we here at AT had banded together $9.3 billion and 1 dollars... hot deal!!

the unit is worth $18 billion according to analysts and $38 billion according to the company, so they just doubled or quadrupled their bling

 

[EagleKeeper]

Maybe Kerry bought it. Has just as much truth as the title statement regarding Bin Laden

 

[dmcowen674]

12-21-2004 U.S. Protests Sale of YUKOS Unit

The Bush administration on Tuesday protested Russia's auction of YUKOS's main oil production unit and warned it could have a "chilling effect" on foreign investment in Russia.

Putin did not identify the owners of Baikal Finance, which was unknown before it acquired Yugansk in Sunday's auction. The sale of the unit was ordered to raise funds to help pay YUKOS' $27.5 billion back-tax bill.

"We had hoped for a solution that would allow for the legitimate enforcement of tax laws but avoid harming investors, especially American investors," McClellan said.

 

[EagleKeeper]

Originally posted by: dmcowen674
Update 12-21 Bush upset that U.S. did not get Oil fields

12-21-2004 U.S. Protests Sale of YUKOS Unit

The Bush administration on Tuesday protested Russia's auction of YUKOS's main oil production unit and warned it could have a "chilling effect" on foreign investment in Russia.

Putin did not identify the owners of Baikal Finance, which was unknown before it acquired Yugansk in Sunday's auction. The sale of the unit was ordered to raise funds to help pay YUKOS' $27.5 billion back-tax bill.

"We had hoped for a solution that would allow for the legitimate enforcement of tax laws but avoid harming investors, especially American investors," McClellan said.

Please explain rational for the topic summary. 😕

YOKUS was in trouble for avoiding taxes. By it being sold via government force auction (due to taxes), the investors in the company were being ripped off (equivalent to Bankcruptcy - Stockholders get the short end of the stick)

 

[EagleKeeper]

Originally posted by: EagleKeeper
Maybe Kerry bought it. Has just as much truth as the title statement regarding Bin Laden

You also have not explained regarding this post - which was just above your last post.

 

[halik]

Originally posted by: EagleKeeper

Originally posted by: dmcowen674
Update 12-21 Bush upset that U.S. did not get Oil fields

12-21-2004 U.S. Protests Sale of YUKOS Unit

The Bush administration on Tuesday protested Russia's auction of YUKOS's main oil production unit and warned it could have a "chilling effect" on foreign investment in Russia.

Putin did not identify the owners of Baikal Finance, which was unknown before it acquired Yugansk in Sunday's auction. The sale of the unit was ordered to raise funds to help pay YUKOS' $27.5 billion back-tax bill.

"We had hoped for a solution that would allow for the legitimate enforcement of tax laws but avoid harming investors, especially American investors," McClellan said.

Please explain rational for the topic summary. 😕

YOKUS was in trouble for avoiding taxes. By it being sold via government force auction (due to taxes), the investors in the company were being ripped off (equivalent to Bankcruptcy - Stockholders get the short end of the stick)

 

[judasmachine]

maybe bush (and/or his henchmen) bought it, and is covering his (their) ass(es) by whining about someone else getting it. or perhaps he (and/or his henchmen) got out bid and now they're sore losers.

 

[skace]

Someones creating mobil phones that run off oil.