MACROECONOMICS.

Chairman of Gazprom board Alexey Miller and the managing director of the concern ENI Paolo Skaroni signed the agreement on strategic partnership, is said in the joint press release of the companies.

"According to the achieved arrangement Gazprom has an opportunity from 2007 to carry out direct deliveries of the Russian gas to the Italian market. Delivery volumes will increase stage by stage up to approximately 3 billion cubic meters a year by 2010. The agreement provides prolongation of the contacts on gas delivery to Italy till 2035", - the message says.

Also according to the agreement of the parties agreed to work investment projects in the field of investigation and production of gas in Russia and the developing countries.

Alongside with this the document provides cooperation of the companies on realization of new and development of existing gas-transport routes, including on the project "Blue stream" and also interaction in the field of SPG and new technologies of gas transportation.

The federal service of statistics published data about volume of production, a turnover, stocks of mineral oil and consumer prices on them from October, 30th till November, 5th, 2006.

Primary oil refining made 4522 thousand tons, motor petrol 709 thousand tons, diesel fuel 1306 thousand tons.

Drop in petroleum prices was observed in 18 centers of subjects of the Russian Federation among which the greatest reduction of prices was observed in Arkhangelsk - 5,5 %, including petroleum of mark ?AI-92 (AI-93, etc.) - 7,2 %.

In 69 centers of subjects of the Russian Federation motor petrol prices remained at a level of the last week.

The increase in the average prices for motor petrol is registered in Moscow region - 0,2 %, including petroleum of mark A-76 (AI-80, etc.) - 0,3 %.

For a week in Moscow and St.-Petersburg motor petrol prices remained without change.

MARKET ‘S GENERAL ESTIMATION.

On Tuesday the Russian share market was in a stage of consolidation, expecting an issue of data of US Department of Labor, which showed unexpected record deflation in industrial sector in October. Producer price index (PPI) lost 1,3 % at the expected decrease of 0,5 % that is the possible precondition of reduction in FRS rate in future. But, despite it by the end of a day the market nevertheless was corrected downwards under pressure of negative dynamics of oil prices. We note that on Thursday the parameter of consumer inflation (CPI) in the USA, more important for determination of dynamics of inflation and subsequent FRS reaction, will be published.

Shares of the companies of oil-and-gas sector on MICEX were closed varied: Gazprom (+0,88 %), Rosneft (+0,31 %), LUKOIL (-0,31 %), Tatneft (-0,48 %), Gazpromneft (-1,25 %), Surgutneftegaz (-1,58 %). Shares of EESR on MICEX added 1,98 % after on Monday the board of the company sounded the preliminary plan of construction of 150 Gwt of new power capacities till 2020, going to give for it $170 billion. Remained "blue chips" finished the day on MICEX as follows: Rostelecom (+0,56 %), MTS (+0,48 %), Norilsk Nickel (+0,32 %), Sberbank (-1,15 %). On results of day MICEX index decreased 0,1 % and made 1498,73 points at volume of the tenders $3722,14 million. RTS index lost 0,28 % and was fixed at a level 1699,66 points, the volume of the tenders in classical section of RTS made $71,73 million.

GAZPROM.

Gazprom and Rosneft can sign the cooperation agreement in the near future. "Negotiating process on joint business management of "Gazprom"and "Rosneft" regarding preparation of the agreement on strategic cooperation is practically completed", - the vice-president of Gazprom board Alexander Ananenkov informed at a briefing in Yuzhno-Sakhalinsk. According to his data, the document is already available. While stock quotations of the joint-stock company are in a narrow price corridor, 10,5-11,0. While we remain outside the market.

RTS

Gazprom