OREANDA-NEWS. On 19 May 2009 Veles Capital released daily review:

Gazprom corrects dividends for 2008 towards reduction.

The board of Gazprom’s directors recommended the annual meeting to payoff dividends for 2008 in the amount of 0.37 RUR per share. That is 3.5 times less than the management offered (1.28 RUR) and 7 times lower than the dividends for 2007 (2.66 RUR).

WGC-1 reported by IAS for 2008.

Consolidated sales of WGC-1 for 2008 by IAS totaled 2,006 mn USD, having upped versus 2007 by 14%.

LUKOIL provided operating estimates for 1Q 2009.

Oil extraction by LUKOIL in 1Q 2009 grew by 2% to 24.13 mn tons, imparts the message of the company.

Seversk pipe plant in 1Q 2009 reduced sales by 18.7%.

Seversk pipe plant, included in the Pipe metallurgy company (TMC), in 1Q 2009 gained 4,060.203 mn RUR of sales, which is 18.7% less than within the similar period of the previous year.

MTS keeps the debts on ice.

Mobile Telesystems, JSC announces signing the credit agreement with a consortium of banks in order to refinance a share of debt liabilities on the syndicated credit in the amount of 1.33 bn USD.