Daily review

Severstal closed 4Q 2009 with IAS net loss in the amount of 162 mn USD. Severstal closed 4Q 2009 with IAS net loss in the amount of 162 mn USD versus net profit of 71 mn USD a quarter before, imparts the report of the company. Net loss for the entire 2009 formed 1.037 bn USD.

Severstal completed 4Q 2009 with net loss by IAS in the amount of 162 mn USD. Severstal closed the 4Q 2009 with net loss by IAS in the amount 162 mn USD versus net profit 71 mn USD a quarter earlier, imparts the report of the company. Net loss within the entire 2009 formed 1.037 bn USD.

Transneft is working in advance on BTS-2. Transneft might complete the construction of the liner section of the BTS-2 oil pipeline till the end of 2010, imparts the message of the company, announced Interfax.

Strong results of WGC-6 by RAS by the results of 2009. Sales of WGC-6 in 2009 by RAS dropped versus 2008 by 1% and formed 41.9 bn RUR. Cost of WGC-6 dropped 10% and formed 34.6 bn RUR.

TNK-BP reduced selling oil products by 3.1% and upped the selling of oil by 5.4% in 2009. TNK-BP reduced selling oil products by 3.1% versus 2008 to 32.573 mn tons, imparts the message of the company. Export of oil products to the far abroad reduced in 2009 versus the previous year by 1% to 17.885 mn tons, export to CIS states grew by 14.5% to 3.783 mn tons, and supplies to the domestic market reduced by 11% to 10.905 mn tons. Earlier TNK-BP explained the reduction of estimates on oil products selling was due to reduction of demand in1H 2009 because of the negative effect of crisis. Selling oil by the company on 2009 grew by 4.5% to 47.718 mn tons. At the same time the export of oil to the far abroad grew by 8.9% to 35.896 mn tons, export to CIS states reduced by 22% to 4.009 mn tons, supplies to the domestic market grew by 3.5% to 7.813 mn tons.

Comstar is put in pawn to Sberbank. 50.9% of Comstar-UTC shares and telecommunication equipment with the “mortgage value not less than 21 bn RUR” are in pawn of Sberbank, which in 2009 provided two credits to MTS for 59 bn RUR, announced the head of Financial resource and risk management of Corporate Finance department at MTS Nikita Kapranov yesterday.

SUEK consolidated control over TGC-12 and TGC-13. FAS announced receiving notifications from SUEK on upping its share in Kuzbassenergo (TGC-12) and Enisey TGC (TGC-12) higher than 50%.

Evraz won the right to develop Mezhegeyskoe coal deposit for 950 mn RUR. Evraz Group S. A. announces winning in the investment competition for the right of developing Mezhegeyskoe coal deposit in Tiva republic. Cost of license will form 950 mn RUR. Federal agency on entrails use (Rosnedra) acted as organizer of the competition. It is expected that the license for the right of developing deposit will be gained within two months.

Renault might up its share in AvtoVAZ. Renault SA – one of the world’s largest motor car concerns, which owns 25% + 1 share of AvtoVAZ, JSC – is ready to consider the possibility of upping the share in the Russian motor-car manufacturing, announced the president of Renault Carlos Ghosn in the interview to Russia Today TV channel.

Government intends to introduce 15% export duties for potassium chloride. Profile authorities of RF ministry are discussing the possibility of introducing 15% export duty for potassium chloride, announced Interfax referring to its own sources.

Inter RAO UES announced its plans on TGC-11.

Severstal bought back a put-option on Lucchini by 37.5% cheaper than execution price.

Investment program of AvtoVAZ till 2020 will form 3 bn euro.