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Last Updated: Thursday, 3 May 2007, 15:15 GMT 16:15 UK
Rosneft wins out in Yukos auction
Journalists watching live feed of Yukos auction at Yukos HQ
The auction took place at Yukos' headquarters in Moscow
Russian state-controlled oil firm Rosneft has won the latest auction for assets from bankrupt oil firm Yukos.

Rosneft subsidiary Neft Activ outbid little-known company Unitex for East Siberian oil and gas firm Tomskneft and other production and refining units.

Rosneft tabled a winning bid of 175.7bn roubles ($6.8bn; 3.4bn).

The Russian state has been selling off Yukos assets in order to pay off a huge $26bn back tax bill, which led to the firm being liquidated last year.

Yukos was declared bankrupt following a series of fraud inquiries, which also led to its founder and former chief Mikhail Khodorkovsky being jailed.

Yukos says the tax demands were linked to a political campaign against Mr Khodorkovsky, who is currently serving a long prison sentence in Siberia.

Analysts say that with the latest sell-off Rosneft has tightened its control over Russia's energy assets.

As well as Tomskneft - which produces about 233,000 barrels of oil a day - the group also picked up two refineries and other smaller assets in eastern Siberia.

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