Gazprom, Rosneft, Lukoil, Razgulay: Russia Equity Preview

By Yuriy Humber

May 29 (Bloomberg) -- The following companies may have unusual price changes in Russia trading. Stock symbols are in parentheses and share prices are from the previous close.

Russia’s 30-stock Micex Index climbed for a second day, adding 1.5 percent to 1,075.02 at the close in Moscow. The index has advanced 17 percent this month. The dollar-denominated RTS Index gained 2.2 percent to 1,053.73, the highest this year. The Russian Depositary Index, a measure of global depositary receipts trading in London, rose 0.8 percent.

OAO Gazprom (GAZP RX): Edison SpA, a Milan-based utility, may have to cancel a planned pipeline between Italy and Greece and buy natural-gas from Gazprom if it can’t secure supplies from the Shah Deniz field in Azerbaijan, Edison Development Manager Mario Cumbat said. Supply talks have been stalled by Turkey, which wants to be a gas trader rather than a transit state, he said at a conference in Paris. Gazprom gained 0.5 percent to 172.48 rubles in Moscow on the Micex Stock Exchange.

OAO Rosneft (ROSN RX): Russia plans a 2.2 percent decrease in daily shipments of Urals and Siberian light crude from five Baltic and Black Sea ports in June, according to the final loading schedule of OAO Transneft, the state oil-pipeline operator. Rosneft, the country’s biggest oil producer, rose 3.3 percent to 197 rubles in Moscow on the Micex Stock Exchange.

OAO Lukoil (LKOH RX): The Caspian Pipeline Consortium, in which Lukoil has a stake, saw 2008 profit decline 57 percent to $182 million, said CPC General Director Vladimir Razdukhov. Sales rose 20 percent to $1 billion, he told reporters in Paris at an oil conference. CPC partners may approve expansion of the pipeline by July 2010, he said. Lukoil advanced 1.5 percent to 1,554.67 rubles in Moscow on the Micex Stock Exchange.

OAO Razgulay (GRAZ RX): Russia plans to as much as double its grain exports in as little as a decade, Deputy Agriculture Minister Alexander Petrikov said. Razgulay declined 0.1 percent to 41.493 rubles in Moscow on the Micex Stock Exchange.

To contact the reporter on this story: Yuriy Humber in Moscow at yhumber@bloomberg.net