OREANDA-NEWS. February 15, 2010. Veles Capital released daily market review:

Oil export duty will lower by 6.1% from March 1. Oil export duty from Russia might be reduced from March 1, 2010 by 6.1% versus the level of February value and might total 254.2-253.7 USD per ton, which comes from the calculations, based on monitoring prices of oil from January 15 to February 10, 2010, provided by the ministry of finance of RF to Interfax. Note from February 1 the export duty forms 270.7 USD per ton.

Sollers and Fiat signed an agreement on establishing a JE on output of vehicles in RF. State will do the financing. Russian company Soller and the Italian concern Fiat signed an agreement on establishing a joint enterprise in RF on output of passenger cars and SUVs. Memorandum has been signed in presence of the prime-minister of RF Vladimir Putin.

Daimler and EBRD upped the share in KAMAZ. Daimler Company upped its share in KAMAZ, JSC. Top-manager of Daimler Andreas Reinshler announced to the journalists that the company purchased 5% of shares with the European Bank of reconstruction and development (EBRD). 4% out of given 5% was the share of EBRD. So, the share of Daimler in KAMAZ upped to 11%.

Resource base of NOVATEK upped by 38%.

Severstal will up investments in 2010 by 40% to 1.4 bn USD.