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Court says Yugansk can join Yukos creditors to secure $2.8 bln

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MOSCOW, June 2 (RIA Novosti) - The Moscow Arbitration Court granted a request Friday from Yukos (RTS: YUKO) creditor Yuganskneftegaz to sue the embattled oil company for over 75 billion rubles ($2.8 billion).

The court also postponed until June 14 hearing on another request worth 32 billion rubles ($1.2 billion) from Yugansk, the former production unit of the embattled Yukos Oil Company, which is now part of state-owned oil company Rosneft.

However, the court turned down a request for claims worth 18.9 billion ($703 million) and 2.37 billion rubles ($88 million) from Yukos-M and Moravel Investments Ltd, a subsidiary of Group Menatep founded by Platon Lebedev, business associate of Yukos founder Mikhail Khodorkovsky. Both Lebedev and Khodorkovsky are now serving eight-year prison terms.

On Thursday, the Moscow Arbitration Court granted a request made by Tomskneft, the principal Production Association of Yukos subsidiary Eastern Oil Company, to include it in a list of creditors suing Yukos. Tomskneft is suing Yukos for 12.3 billion rubles ($455 million).

The court also accepted a suit of 25.7 million rubles ($950,000) from another oil company, Orelnefteprodukt, which trades in oil products, and postponed until June 7 a ruling on a request from the tax authorities to join Yukos creditors with a suit of 353.7 billion rubles ($13 billion).

A ruling was put off Thursday until June 14 on requests from Trust Bank worth 1.6 billion rubles ($59 million), Yukos-VostokTrade totaling 11.5 billion rubles ($425 million), Yukos Capital with a 117.7 billion claim ($4.3 billion) and Lithuanian refinery Mazeikiu Nafta with 63 million ($2.3 million).

The court also started hearing requests from 37 Yukos creditors, including Yukos-M, Siberian Internet Company, and KrasnoyarskGeophysics, and granted a request from Samaraneftegaz, which is claiming 1.85 billion rubles ($68.4 million) from Yukos.

On March 28, the Moscow Arbitration Court ordered a bankruptcy supervisor to oversee Yukos's finances at a request from foreign creditor banks who said the company owed them $482 million. The debt was later re-bought by Rosneft.

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