By Oliver Bullough
MOSCOW (Reuters) - YUKOS, Russia's largest oil company by output, expects to be driven bankrupt within a month by record tax demands unless it can raise cash soon, it said on Thursday.
'We will essentially run out of cash and not be able to fund our business operating expenses and obligations some time in the first half of August,' Chief Executive Steven Theede told a news conference called amid speculation YUKOS may file for bankruptcy. "
"However, should those efforts prove unsuccessful and Yuganskneftegaz is sold, in the present circumstances, the management of the Company would be compelled to announce the bankruptcy of Russia's largest oil company," it said.
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