Gazprom Directors implement program

The Gazprom Board of Directors took notice of the information about the progress with implementing the Company's Investment Program, Budget (Financial Plan) and Cost Optimisation (Reduction) Program for 2015.

The Investment Program, Budget and Cost Reduction Program comply with the criteria approved by the Board of Directors in December 2014. In addition, Gazprom closely monitors the global economic environment, in particular, the exchange rate volatility and takes it into account while running its business. It was pointed out that despite the exchange rate fluctuations, at the year-end Gazprom would provide a budget surplus as was expected.

Adapted from press release by Joe Green

Published on 24/02/2015

Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


Related articles

Gazprom and Lukoil meet

Gazprom and Lukoil address associated gas processing at Sosnogorsk gas processing plant.

Gazprom agrees Serbia South Stream pipeline stretch

Serbia to start South Stream construction this month.

Gazprom advertises Vladivostock-LNG project

Gazprom promoted their Vladivostock-LNG project to prospective buyers in the Asian markets at a presentation yesterday.

Gazprom and BASF to co-operate on exploration projects

Gazprom and BASF have signed a memorandum which anticipates future co-operation in the development of Achimov deposits of the Urengoy field in exchange for equivalent stakes in BASF’s North Sea assets.

Recommend magazines

  World Pipelines