OREANDA-NEWS. June 16, 2010. Veles Capital released daily market review:

Oil export duties will lower by 14.8% from July 1. Oil export duty from Russia might be reduced from July 1 2010 by 14.8% versus the level of June and form 248.8 USD per ton, as follows from the calculations based on oil price monitoring from May 15 to June 14, 2010, provided by the Ministry of Finance of RF to Interfax. Note, from June 1 the oil export duty forms 292.1 USD per ton.

Mosenergo reported by IAS for 1Q 2010. Sales of Mosenergo by the results of 1Q 2010 reached 50.7 bn RUR, which is 34% higher than the given estimate of the similar period of the previous year. Growth of sales was provided by upping of the effective output of the thermal energy, significant price growth at the free market of power energy and increase of power energy and capacity selling volume on behalf of the steam gas plants introduced within the recent years.