TNK-BP is prepared to pay $357 million to help cover back taxes for 2000 by the end of August.
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BP Will Save Yukos
YUKOS asked the Moscow government for permission to sell its 56 per cent stake in Siberian
The Russian justice ministry released frozen accounts to allow oil company Yukos to continue its operations.
YUKOS asked the Moscow government for permission to sell its 56 per cent stake in Siberian gas firm Rospan to Russian-British joint venture, TNK-BP, to be able to pay off $3.4 billion of tax penalty.
TNK-BP, which operates Rospan and has a 44% stake, confirmed that talks with Yukos about acquisition of the stake had begun, but according to Yukos, negotiations were being blocked by the same justice ministry that unfroze some of its accounts.
TNK-BP is prepared to pay $357 million to help cover back taxes for 2000 by the end of August.
TNK-BP is prepared to pay $357 million to help cover back taxes for 2000 by the end of August.
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