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Core Yukos production unit to be auctioned May 10 - paper

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Samaraneftegaz, one of Yukos largest production units, will be sold at an auction scheduled for May 10, a leading Russian daily newspaper said Saturday.
MOSCOW, April 7 (RIA Novosti) - Samaraneftegaz, one of Yukos largest production units, will be sold at an auction scheduled for May 10, a leading Russian daily newspaper said Saturday.

Yukos, once Russia's largest oil company, was declared bankrupt August 1, 2006, after three years of litigation with tax authorities over the company's tax arrears.

The Rossiiskaya Gazeta daily said the committee of Yukos creditors has formed three more lots comprising various production and servicing assets of what was once Russia's major oil producer to be sold at an auction.

The lot number 11 will comprise Samaraneftegaz, one of Yukos largest production assets, and also oil refining and producing, energy, service and research assets in the Volga Region.

The paper said the starting price of the lot has been set at about 154 billion rubles ($5.94 billion).

The lot number 12 will include oil-derivatives retail sales outlets in central Russia. The starting price for this lot has been set at over 7.7 billion rubles ($296.95 million).

In addition, another auction will be held May 11 to sell the third lot of Yukos' assets featuring mainly trade and management assets in Moscow - Yukos-M, Yukos-Moskva, UT-Oil, Yukos Vostok Trade.

The starting price of the lot has been set at about 22 billion rubles ($848.44 million).

Russia's state-run oil company Rosneft bought its 9.44% stake held by Yukos in the first auction March 27.

The lot acquired by Rosneft's RN-Razvitiye also included 12 promissory notes in the Yuganskneftegaz oil producing unit, worth 3.558 billion rubles (about $136.8 million).

RN-Razvitiye offered 197.84 billion for the lot (about $7.6 billion).

On Wednesday, a subsidiary of Italy's energy company Eni won a 20%-stake in Gazprom Neft at a second auction of Yukos assets, bidding 151.53 billion rubles ($5.83 billion).

Eni has immediately offered Russia's energy giant Gazprom [RTS: GAZP] the purchased share in Gazprom Neft for $3.7 billion over two years.

Yukos, whose founder Mikhail Khodorkovsky is serving an eight-year prison term in Siberia after being convicted of fraud in May 2005, faces a total of more than 700 billion rubles (about $26.9 billion) in claims from creditors.

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