Gazprom Board of Directors Approves Revised Investment Program & Budget for 2019

Source: www.gulfoilandgas.com 10/22/2019, Location: Asia

The Gazprom Board of Directors approved the revised investment program and budget (financial plan) for 2019. The key figures of the investment program did not change compared to the version approved by the Gazprom Management Committee in September this year.

Pursuant to the revised investment program for 2019, the overall amount of investments will stand at RUB 1,322.582 billion, which is RUB 3.142 billion less than was envisaged in the investment program approved in December 2018.

Of that amount, RUB 962.234 billion (down by RUB 0.786 billion) is intended for capital construction, RUB 180.493 billion (up by RUB 28.988 billion) for the acquisition of non-current assets by Gazprom, and RUB 179.856 billion (down by RUB 31.345 billion) for long-term financial investments.

The adjustments to the investment program for 2019 are related to the optimization of the investment project portfolio.

The newly revised and approved budget for 2019 will provide for a full coverage of the Company's liabilities without a deficit.


Japan >>  5/23/2022 - JGC Holdings Corporation and JGC Japan Corporation announce that they have used their jointly managed corporate venture capital fund (CVC) called the ...
Morocco >>  5/12/2022 - - €40 million loan to Morocco’s Agence Nationale des Ports (ANP)
- Financing to enhance the climate resilience of selected Moroccan ports
-...


Norway >>  5/12/2022 - Neptune Energy announced its financial results for the three months ended 31 March 2022. ...
South Korea >>  5/12/2022 - - Hanwha Solutions will expand its solar module factory in U.S. and cell production facility in Korea, to meet the growing global demand for reliable ...

United Kingdom >>  5/12/2022 - - Corio Generation partners with Ontario Teachers’ Pension Plan to support the development of up to 9GW of offshore wind worldwide
- Ontario Teac...

United Kingdom >>  5/10/2022 - Neptune Energy has announced it will spend more than $1 billion(1) over the next five years securing energy supplies for the UK and speeding the trans...

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

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


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.