Jul
12
Daily review - July 08, 2009
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On Tuesday the trades at the domestic exchange market went mainly in the positive zone. The principal stimulus for purchases was correction at the oil market. Due to that the shares of Gazprom, LUKOIL and Rosneft were of most demand. Significant volumes went on the shares of Sberbank due to their quotes reduction. The trades at the foreign grounds were also in the green, which supported the Russian investors. However, by the end of the day the RTS index did not manage to overcome the previous day level significantly – the news background was relatively neutral: no important stats or surprises in course of Barack Obama’s visit to Moscow occurred.
Main news
TNK-BP is ready to build up the investments to extraction.
Board of directors of TNK-BP July 24 will consider the matter on additional investments in the amount of 100 mn USD, announced Interfax agency referring to the executive director of the company Viktor Vekselberg.
GAZ gains state warranties for 20 bn RUR.
Yesterday the anti-crisis committee, chaired by the first vice prime minister Igor Shuvalov, approved providing state warranties to GAZ for the amount of 20 bn RUR. The deputy minister of economy development Oleg Saveliev has been ordered to prepare the decision project on providing state warranty to GAZ within two days.
Other news
Ø      NOVATEK reduces extraction.
Gas extraction by the largest independent producer of gas – NOVATEK, JSC – reduced again lower than the level of 84 mn cubic meters, announced Interfax. According to data buy CDD FEC, as of July 5 extraction of NOVATEK totaled 76.1 mn cubic meters, which is by 9.5% lower than the level that the company had June 18.