Bloomberg News

Rosneft, Lukoil, Gazprom, Sollers: Russian Equity Preview

October 02, 2011

Oct. 3 (Bloomberg) -- The following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close of trading in Moscow.

The 30-stock Micex Index lost 2.9 percent to 1,366.54. The dollar-denominated RTS Index dropped 3.5 percent to 1,341.09.

OAO Rosneft (ROSN RX): Russian crude oil production rose to a post-Soviet record in September and exports jumped. Output reached 10.3 million barrels a day last month, while exports surged to 5.47 million barrels a day, 7.2 percent more than in September of last year. Shares of the country’s biggest oil producer fell 3.4 percent to 189.84 rubles. OAO Lukoil (LKOH RX), Russia’s second-largest oil company, slid 1.1 percent to 1,637.40 rubles.

OAO Gazprom (GAZP RX): The world’s biggest natural-gas producer will meet investors in Switzerland from Oct. 3 and may sell dollar-denominated euro commercial paper, according to a person with knowledge of the plans. The shares fell 1.9 percent to 156.07 rubles.

OAO Sollers (SVAV RX): The Ford Sollers joint venture will start producing the U.S. automaker’s Explorer sport-utility vehicles at a plant in the Tatarstan region next year, Vadim Shvetsov, head of the Russian company, said Oct. 1 at a ceremony in Moscow. Shares of the country’s second-biggest automaker dropped 1.6 percent to 336.20 rubles.

--Editors: Alex Nicholson, Torrey Clark

-0- Oct/02/2011 16:28 GMT

-0- Oct/02/2011 16:51 GMT

To contact the reporter on this story: Alex Nicholson in Moscow at

To contact the editor responsible for this story: Gavin Serkin at -0- Oct/02/2011 16:26 GMT

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