OREANDA-NEWS. October 27, 2009. Veles Capital released daily market review:

Zero export duty for East Siberia oil might be valid through 5-7 years. Zero export duty for East Siberia oil should be valid through 5-7 years stated the minister of energy in RF Sergey Shmatko.

Severstal upped steel output by 19% in 3Q 2009 versus 2Q 2009 to 4.5 mn tons. In 3Q 2009 Severstal upped the steel output versus the previous quarter by 19% to 4.5 mn tons. Comparing to the similar period of the previous year the output of steel reduced by 25%. Output of rolled metal in 3Q 2009 versus the similar period of the previous year dropped by 19% to 3.4 mn tons, but upped by 19% versus the previous quarter.

Tatneft will spend 20.6 bn RUR on oil extraction in 2010. Tatneft scheduled an investment program on oil extraction for 2010 in the amount of 20.6 bn USD, announced the company.

Mechel reduced the coal mining within 9 months by 40%, output of rolled metal by 10%. Mechel Group output 12.3 mn tons of coal within 9 months, output of rolled metal formed 3.89 mn tons. Within 9 months of the previous year coal output by Mechel formed 20.702 mn tons, rolled metal – 4.313 mn tons. So, company lowered coal mining within 9 months by 40%, rolled metal output by 10%. Steel output reduced by 16% to 3.97 mn tons.

Aeroflot within January-September reduced passenger transfer by 8.9%. Aeroflot – Russian airlines, JSC reduced passenger transfer by 8.9% within January-September 2009 versus the similar period of the previous year to 6.5 mn people.