Bloomberg News

Alliance, Gazprom Neft, Lukoil: Russian Equity Market Preview

October 06, 2011

Oct. 7 (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 gained 4.2 percent to 1,318.29. The dollar-denominated RTS Index climbed 4.5 percent to 1,271.71.

Alliance Oil Co. (AOIL SS): The Stockholm-traded oil producer with Russian assets is scheduled to release a third- quarter operational update. Alliance Oil rose 2.5 percent to 74.75 Swedish kronor.

OAO Gazprom Neft (SIBN RX): Petroleos de Venezuela SA expects to begin oil production of 50,000 barrels a day at its Junin 6 field in 2012, Oil Minister Rafael Ramirez said today on state television. PDVSA, as the state-owned company is know, will develop the field as a majority shareholder along with the Consorcio Nacional Ruso, which is a venture with Russian oil companies including OAO Gazprom Neft and OAO Rosneft. Gazprom’s oil arm rose 2.4 percent to 109.90 rubles.

OAO Lukoil (LKOH RX): Russia’s second-biggest oil producer may invest almost $20 billion within the next decade to upgrade its refineries, Interfax reported today, citing Deputy Chief Executive Officer Leonid Fedun. Lukoil rose 2.6 percent to 1,588.70 rubles.

--Editors: Marie-France Han, Brendan Walsh

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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