OREANDA-NEWS. December 17, 2009. Veles Capital released daily market review:

LUKOIL asks to zero the export duties for Caspian. LUKOIL accounts on benefits for the export duties whilst processing the deposits in the Russian sector of Caspian Sea shelf.

Minority of WGC-1 offers the other shareholders to block the additional emission. Minority holder of WGC-1, Wermuth Asset Management investment fund (owns 0.7% of shares), offers the other minorities of the head company to block its shares additional emission, the main volume of which is to be bought by Inter RAO UES.

Severstal resumed the operating of Yorkville metallurgy works in U.S. Severstal North America (SNA, North-American division of Severstal) resumed operating of the metallurgy works in Yorkville (included in Severstal Wheeling). The production capacities of the plant form 600 thousand tons of products per year. As it has been announced earlier, Severstal Warren and Severstal Wheeling were suspended in June of the current year. It has also been announced that SNA might resume operating of Martins Ferry plant (which is included in Severstal Wheeling) by February 2010.

Severstal carries out negotiations on selling the metal service centers in the U.S. Severstal carries out negotiations on selling the metal service centers in the U.S. Severstal received just five offers on buying. Two companies have been chosen. Due diligence will be conducted January and February, and the final decision will be made by its results.