OREANDA-NEWS. October 29, 2009. Veles Capital released daily market review:

Within the coming 10 years TNK-BP will be investing 3.5-5 bn USD and build up extraction by 1-2% annually. Within the coming 10 years TNK-BP plans efficient growth of hydrocarbons extraction by 1-2% average, announced the general financial director Jonathan Muir at the meeting with the investors.

LUKOIL carries out the road show of 1.5 bn RUR bonds. The yield of the 5-year Eurobonds of LUKOIL might form about 6.5%, 10-year – about 7.375%, announced the sources, close to the notes placement. At the same time we should outline that the order book has not been closed yet and the references might change.

WGC-3 negotiated changes to investment program. WGC-3 negotiated changes to the investment program with the Ministry of energy and System operator on the time constraints and the volumes of construction of new objects, announced the deputy general director of the company on the enrgy markets Alexander Patanin.

IRNC Holding reported by IAS for 2008. IRNC, which controls 11 IRNC, output the first consolidated report by IAS. The sales of the holding by the results of 2008 grew by 27% to 15,999 mn USD, cost of equity grew by 27.3% and formed 14,784 mn USD.