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. Last Updated: 07/27/2016

Report: Rest of Yukos Assets to Be Sold Off

Court marshals may force stricken oil firm Yukos to sell off more of its domestic assets early next year, Kommersant reported on Monday.

The report comes a year after Yukos was forced to auction its most valuable subsidiary to meet back tax demands of $27.5 billion. Analysts have said it is only a matter of time before the firm has to sell the rest.

Kommersant reported that the head of mid-sized oil firm Tatneft said on Friday that his firm was interested in buying Yukos' Syzran refinery.

It said the plant might be put up for sale in late January or early February, although it did not provide a source for that information.

Analysts at United Financial Group in Moscow said the asset sales were likely include more than Syzran alone. "Given that the bailiffs were given enforcement lists worth $5 billion by the tax authorities in October, we believe that they will not limit themselves to just one relatively small refinery and, among other targets, may sell one or both of Yukos' remaining production units, Tomskneft and Samaraneftegaz," UFG said in a research note.

Yukos also has four more refineries in Russia, at Angarsk, Novokuibyshev, Kuibyshev and Achinsk.