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Gazprom Board of Directors Approves Gazprom Program and Budget for 2018

Source: www.gulfoilandgas.com 12/20/2017, Location: Asia

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The Gazprom Board of Directors took note of the information about the Company's preliminary operating results for 2017 and the projected investment program and budget (financial plan) for 2019Ė2020.

The Board of Directors also approved the Companyís investment program and budget (financial plan) for 2018. The key figures of the investment program did not change compared to the version approved by the Gazprom Management Committee in November this year.

Pursuant to Gazpromís investment program for 2018, the overall amount of investments will stand at RUB 1,278.830 billion, with RUB 798.428 billion intended for capital investments, RUB 40.983 billion for the acquisition of non-current assets, and RUB 439.419 billion for long-term financial investments.

In line with the Companyís approved budget (financial plan) for 2018, the external financial borrowings will total RUB 416.971 billion. The adopted financial plan will provide for a full coverage of Gazpromís liabilities without a deficit.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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