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Gazprom reports capital expenditure program for 2008


Published Dec 31, 2007
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Gazprom: Angel or Demon?

The Board of Directors has endorsed a Gazprom Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2008.

The Board of Directors heard a report on the Gazprom Forecasting Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program Projections through 2009-2010.

Under the Investment Program for 2008, total investments will make up RUR 710.13 bln with capital investments projected at RUR 479.42 bln, long-term financial investments projected at RUR 203.71 bln.

Under the Budget for 2008, overall cash income & revenues will make up RUR 2,926 trln; liabilities, expenditures and investments will account for RUR 3,014 trln; financial borrowings will annually be RUR 90 bln.

The Cost Optimization (Reduction) Program for 2008 stipulates activities furthered to cost optimization (reduction) totally accounting for RUR 10.1 bln.

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