OREANDA-NEWS. October 22, 2009. Veles Capital released daily market review:

Investment program of TNK-BP for the next year might form 3.5-4 bn USD. Capital investments of TNK-BP in 2010 might total3.5-4 bn USD, business-plan for 2010 is calculated by the company concluding from the oil price of 60 USD per barrel and 33 RUR per dollar rate, announced to the journalists the financial director of TNK-BP Jonathan Muir, imparted Interfax.

MMC upped the output of steel by 31% in 3Q 2009 versus the previous quarter. Magnitogorsk metallurgy company in 3Q 2009 upped the steel output by 31% versus 2Q 2009 to 2.831 mn tons. Output of commodity metal goods in 3Q 2009 grew by 36% to 2.6 mn tons. Company outlines that the reached volumes are the maximum ones within the recent 12 months.