pump some oil baby

Russian state oil company wins another Yukos auction

Home (Reuters) - MOSCOW: Rosneft, the state-controlled Russian oil company, on Wednesday won another auction of the remains of the bankrupt oil business Yukos, buying its important transportation assets, including those Yukos used for exports to China.

Rosneft's only rival at the auction, a previously unknown company called Benefit, pulled out of the bidding after Rosneft's first bid in a development similar to many previous auctions at which Rosneft bought most of the assets of Yukos.

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