MACROECONOMICS.

The federal service of the state statistics published the weekly report on production volume, a turnover, stocks of mineral oil and consumer prices of them from October, 9 till October, 15th, 2006.

Volumes of oil refining and output of mineral oil from October, 9 till October, 15th 2006:

Primary oil processing 4244 thousand tons, it is 1.2 % above the last week, production of mineral oil reduced: petroleum by 1,5 % up to 637 thousand tons, diesel fuel by 1,3 % up to 1174 thousand tons.

Reduction in petroleum price was observed in 19 centers of subjects of the Russian Federation among which the greatest reduction of prices was in Barnaul - 2,8 %, including petroleum of mark A-76 (AI-80, etc.) - 3,1 %.

In 64 centers of subjects of the Russian Federation motor petrol prices remained at a level of the last week.

The increase in the average motor petrol prices is registered in 5 centers of subjects of the Russian Federation. The greatest gain of petroleum was observed in Tambov - 0,3 %. In Moscow and St.-Petersburg motor petrol prices on the average did not practically change for a week.

The average consumer price of petroleum of mark AI 92 - 18,88 rbl., AI 95 - 20,27 rbl, diesel fuel 17,16 rbl.

By the end of 2007 the stabilization fund will exceed four billion rubles, and by the end of 2009 it will make approximately seven billions rubles, vice-premier of the Russian Federation Alexander Zhukov informed. (according to materials of RIA NOVOSTI)

"Our Stabilization fund will continue to grow. By the end of next year it will exceed four billion rubles, and by the end of 2009 it will make the sum about seven billions rubles, the ruble exchange rate to dollar will be stable enough and will be, according to our forecasts, in an interval of 26-27 rubles for the dollar", - he told.

Zhukov said that next year proficiency of the federal budget is also planned.

Growth of gold and exchange currency reserves proceeds - for nine months of current year it made $266 billion, vice-premier added.

"It is a huge sum", - he told, having noted that on results of the year there is expected  the gain of $20 billion even that at the moment oil prices in the world markets have a little decreased.

MARKET’S GENERAL ESTIMATION.

On Tuesday the Russian stock market fell on a wide spectrum of liquid papers after decreasing oil. Participants of the market do not make active actions before FRS meeting concerning change of a discount rate, which takes place on Wednesday on October, 25th. RTS index in the middle of the day went below a mark of 1600 points. On results of day drop in RTS index made 0,58 % up to a mark 1608,84 points. MICEX index fell 0,71 % and was fixed at 1 429,47 points. Severstal shares on results of day grew on MICEX by 1,74 % after news about the beginning of road show to stock floatation on London stock exchange. After growth during several days common and preference stock of Sberbank on MICEX players decided to fix profit, reacting on news about additional issue therefore quotations fell 3,22 % and 3,05 % accordingly.

The basic papers of oil-and-gas sector within a day decreased after oil prices, however, with opening of trading session in the USA the rise in oil prices renewed and to closing of the tenders on MICEX LUKOJL was up 0,46 %, Gazpromneft shares decreased 0,82 %, Gazprom lost 0,22 %, Tatneft dipped 0,24 %. Other "blue chips" on results of trading day showed the following results: RAO "United Energy Systems" (-1,37 %), Norilsk Nickel (+0,1 %), Polus Zooto (+0,4 %), Rostelecom (+0,08 %).

GAZPROM.

Shares of the joint-stock company, repeating general dynamics of the market, were adjusted a little downwards, however quotations of the papers remain in a steady price range – therefore it is while early to dump them. Recommendations remain former: positions from 10,5 are kept, stop at a level of entrance.

RTS index

Gazprom on RTS