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Gazprom Management Committee Approves Investment Program & Budget for 2018

Source: www.gulfoilandgas.com 11/23/2017, Location: Asia

The Gazprom Management Committee took note of the information about the Company’s preliminary operating results for 2017 and the projected investment program and budget (financial plan) for 2019–2020. The Management Committee also approved the Company’s draft investment program and budget (financial plan) for 2018.

Pursuant to Gazprom’s draft 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 Gazprom’s draft budget (financial plan), the external financial borrowings will total RUB 416.971 billion. The approved financial plan will provide for a full coverage of the Company’s liabilities without a deficit.

The information about Gazprom’s preliminary operating results for 2017, the drafts of the Company’s investment program and budget (financial plan) for 2018, and the projected investment program and budget (financial plan) for 2019–2020 will be submitted to the Gazprom Board of Directors.

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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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