Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/gazprom-board-of-directors-approves-investment-pro.shtmlGazprom Board of Directors approves Investment Program, Budget and Cost Reduction Program for 2014
The Gazprom Board of Directors took notice of the information on the Company's preliminary operating results for 2013, projected Investment
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The Gazprom Board of Directors took notice of the information on the Company's preliminary operating results for 2013, projected Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2015-2016.
The Board of Directors approved Gazprom's Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2014 in the version reviewed by the Government of the Russian Federation.
Pursuant to the Investment Program for 2014, the total amount of investments will make up RUB 806 billion. At the same time, the amount of capital investments will account for RUB 701.11 billion, of which RUB 698.21 billion and RUB 2.9 billion will be allocated for capital construction and acquisition of non-current assets accordingly. The amount of long-term financial investments will total RUB 104.89 billion.
