OREANDA-NEWS. The Russian Federal Property Management Fund will today hold two auctions for bankrupt Russian oil company YUKOS's assets. At 11 a.m., trading will start on Lot №11, which includes YUKOS enterprises located in the Volga River basin, including Samaraneftegaz, the stricken oil giant's last remaining large production company, and three oil refineries. The asking price for the entire lot is RUR154,090,729,276 (approx. USD5,99bn), the bid increment is RUR260m (approx. USD10,1m), and the down payment on the lot is RUR30,818,145,855.20 (approx. USD1,2bn).

At 4 p.m., trading will start as part of an auction for Lot No. 12. This offering will mostly include companies that specialize in retail sales of refined oil products. The asking price is around RUR7,742bn (approx. USD301m), the bid increment is RUR77,416m 9approx. USD3m), and the down payment amounts to RUR1,548,315,400 (approx. USD60m).